VANCOUVER, British Columbia--(BUSINESS WIRE)--ACL Services Ltd., the leading provider of business assurance technology for audit and compliance professionals, was found to be the solution of choice among internal auditors who use data analysis software.
The recently published AuditNet® Survey Report on Data Analysis Software and Auditors revealed that 63 percent of surveyed internal auditors utilizing data analysis software use ACL, more than twice any other software. These findings align with the most recent software survey from The Institute of Internal Auditors (IIA) in 2009, which revealed that ACL audit analytics were the most commonly used for data extraction, data analysis, fraud detection and investigation, and continuous audit.
“For more than 24 years, ACL has worked with thousands of internal audit organizations, so we understand the challenges these departments face,” said Harald Will, president and CEO of ACL Services. “ACL solutions help them step into a more strategic role while still executing on the audit plan, providing greater overall insight into the business and better assurance that controls are working as intended.”
Adoption of purpose-built audit technology, such as CAATS and continuous auditing, is on the rise, as the internal audit function evolves to fit a new, more strategic and consultative role within the organization. The IIA 2010 Global Internal Audit Survey Reports, released in March 2011, listed “Step up your use of audit technology and tools” as one of 10 imperatives “for the internal auditing activity to meet organizations’ fast changing needs and stakeholder expectations to strategically position the profession for the long term.”
To help internal audit groups chart their path forward with audit technology, the company released the ACL Audit Analytic Capability Model, which outlines the five levels of audit analytics use throughout an organization. The Model helps internal audit groups understand the elements, in terms of people, process and technology that contribute to success and increasing benefits at each level.
About ACL Services Ltd.
ACL Services Ltd. is the leading global provider of business assurance technology for audit and compliance professionals. Combining market-leading audit analytics software with centralized content management and exception reporting, ACL technology provides a complete end-to-end business assurance platform that is flexible and scalable to meet the needs of any organization.
Since 1987, ACL technology has helped organizations reduce risk, detect fraud, enhance profitability, and improve business performance. ACL delivers its solutions to 14,700 organizations in over 150 countries through a global network of ACL offices and channel partners. Our customers include 98 percent of Fortune 100 companies, 89 percent of the Fortune 500 and over two-thirds of the Global 500, as well as hundreds of national, state and local governments, and the Big Four public accounting firms. Visit us online at www.acl.com.
Copyright 2011 ACL Services Ltd. ACL and the ACL logo are trademarks or registered trademarks of ACL Services Ltd. All other trademarks are the property of their respective owners.