How finance leaders can leverage the power of big-data analytics

Big data can deliver competitive advantages to financial planning and analysis (FP&A) teams—and the organizations they work for—but implementing and harnessing big data remains an aspirational goal for many organizations. In this interview, Keith Bailey, Director...

Increased oversight of risks and controls in P2P processes

John Verver, CPA CA, CISA, CMC Advisor to ACL      Effective risk management and control of vendors and contracts in the procure-to-pay (P2P) process creates challenges for organizations in all sectors, but particularly for local, state and federal...

Remove problems in your purchase-to-pay cycle

John Verver, CPA CA, CISA, CMC Advisor to ACL      Government finance professionals constantly face the difficulties of fraud and errors in the procurement and vendor payment process. These issues can be caused both intentionally and...

Six steps to apply data analytics for risk assessment

Don’t know where to start with data analytics for risk assessment? Step by step, here’s a basic framework of how you can begin to apply data analytics to assess risk and controls in your organization. While generic software like spreadsheets can get you started,...

4 analytics technology drivers to magnify audit value delivery

At ACL we believe that audit technology is getting better and better at helping auditors serve their organizations. But as the internal audit profession continues to progress and change with advances in data analytics and automation, what does that mean for you? Here...

Four ways ACL helps you bridge the analytics skills gap

Are top athletes born or made? The same could be asked of analytics wizards. To be great at any activity requires three aspects: natural talent (innate ability, what you are born with) ability to learn and grasp new concepts regular practice (to develop and refine the...

Three ideas to apply to predictive analytics projects

Jeremy Brown, MBA, VCA, ACDA-I, ACDA-A Manager, Controls Advisory, Grant Thornton In my last post, “3 tips for getting started with predictive analytics,” I shared some practical advice for new predictive analytics practitioners. Today I would like to share more...

Three tips for getting started with predictive analytics

Jeremy Brown, MBA, VCA, ACDA-I, ACDA-A Manager, Controls Advisory, Grant Thornton Predictive analytics can be an intimidating subject for a new user to learn, but with some time, dedication and research, predictive modeling can be very useful across a broad spectrum...

Are you missing 80% of your risks? Your data can tell you the truth.

Here’s the bottom line about risk: It lurks in material processes, whether you’re a government agency, an NGO, or a multinational corporation. And in most cases, all of your revenues and expenses are processed through your enterprise resource planning (ERP) system...