Acl Software Tool
Considering other computer-assisted audit tools, such as IDEA or ACL? Or perhaps you already use them and have heard how easy it is to fit ActiveData into your existing mix of data analytics tools.
Download ACL 2016 for Windows 10 for Windows to this is the official mobile app for the Autotask Community Live event on September 24 - 27, 2016 in Miami, FL. The tool, ACL hopes, will help compliance teams increase productivity and eliminate some of the risks that come with working in shared spreadsheets. With ACL Add-In for Excel, it is possible to: Quickly select samples for testing or investigation. Create read-only versions of information, formulas, and cells to avoid errors. Audit Command Language (ACL) Analytics is a data extraction and analysis software used for fraud detection and prevention, and risk management. It samples large data sets to find irregularities or patterns in transactions that could indicate control weaknesses or fraud.
Whatever the case, we urge you to compare ActiveData's feature set and evaluate it to see how it can fit into your mix of data analytics and CAATs tools.
ACLs are the packet filters of a network. They can restrict, permit, or deny traffic which is essential for security. An ACL allows you to control the flow of packets for a single or group of IP address or different for protocols, such as TCP, UDP, ICMP, etc. ACL™ Analytics – Overview The top performer among data analytics tools combines table calculation and database features. You can input different data formats (PDF, Excel™ SAP® data) and perform analyses using predefined special functions.
You might find that most, if not all of your analysis can be performed in the comfort of ActiveData and Excel at a fraction of the cost of the significantly more expensive offerings from ACL and IDEA.
| Category | Feature | Video | ActiveData * | ACL | IDEA |
|---|---|---|---|---|---|
| Analytical Features | |||||
| Summarize | |||||
| Statistics | |||||
| Outlier Analysis | |||||
| Stratification | |||||
| Aging | |||||
| Benford's Law | |||||
| Random Sampling | |||||
| Stratified Random Sampling | |||||
| Monetary Unit Sampling | |||||
| Duplicate Detection | |||||
| Duplicate Deletion | |||||
| Gap Detection | |||||
| Cross Tabulate | |||||
| Levenshtein Fuzzy Matching | |||||
| Worksheet / Table Manipulation | |||||
| Join / Merge | |||||
| Compare | |||||
| Combine | |||||
| Split | |||||
| Query | |||||
| Query By Example | |||||
| Query By Match | |||||
| Duplication | |||||
| Sort | |||||
| Row Manipulation | |||||
| Row Tagging / Ticking | |||||
| Insertion | |||||
| Duplication | |||||
| Blank Row Removal | |||||
| Column Manipulation | |||||
| Calculated Columns | |||||
| Split | |||||
| Combine | |||||
| Arrange | |||||
| Blank Column Removal | |||||
| Duplication | |||||
| Insertion | |||||
| Column Properties | |||||
| Cell Manipulation | |||||
| Cell Conversion | |||||
| Fill | |||||
| Transpose | |||||
| Cell Properties | |||||
| Workbook Manipulation | |||||
| Workbook Navigation | |||||
| Global Find / Replace | |||||
| Workbook Indexing | |||||
| Workbook Navigation | |||||
| Worksheet Navigation | |||||
| Selection Navigation | |||||
| Workbook History | |||||
| Import Odbc Data | |||||
| File And Folder Listings | |||||
| Other Features | |||||
| Electronic Delivery | |||||
| Regular Expressions | |||||
| Audit Log | |||||
| COM Automation | |||||
| Terminal Server | |||||
| Silent Install |
* ActiveData Professional Edition
Outfit your entire audit team with ActiveData for Excel for less than the cost of a single license for ACL or IDEA!.
More ActiveData vs ACL vs IDEA
| Analysis Type | Description | ActiveData | ACL | IDEA |
|---|---|---|---|---|
| Append / Merge | Combines two files with identical fields into a single file. An example would be tomerge two years worth of accounts payable history into one file. | |||
| Audit Log | Maintains a documentation log of all procedures performed on a data file. | |||
| Calculated Field/ Functions | Created a calculated field (which can use a function such as ABS for the absolute value of the field) using data within the file. For example, the net payroll pay to an employee could be recalculated using the gross pay field and deducting any withholding/taxes. | |||
| Cross Tabulate | Cross Tabulate lets you analyze character fields by setting them in rows and columns. By cross-tabulating character fields, you can produce various summaries, explore areas of interest, and accumulate numeric fields. | |||
| Digital Analysis | Completes digital analysis tests (i.e., Benford’s Law). | |||
| Duplicates | Identifies duplicate items within a specified field in a file. For example, this report could be used to identify duplicate billings if invoices within the sales file. | |||
| Export | Creates a file in another software format (e.g., Excel, Word) for testing. An example would be to export customer address information to Word for 'Mail Merge'ing to customer confirmation letters. | * | ||
| Extract/Filter | Extracts specified items from one file and copies them to another file, normally using an 'if' or 'where' statement. Examples include extracting all balances over a predefined limit. | |||
| Gaps | Identifies gaps within a specified field in a file. For example, identify any gaps in check sequence. | |||
| Index / Sort | Sorts a file in ascending or descending order. An example would be sorting a file on social security number to see if any blank or '999999999' numbers exist. | ** | ||
| Join / Relate | Combines specified fields from two different files into a single file using key fields. This function is used to create relational databases on key fields. It can also be done in an unmatched fashion to identify differences between data files. | |||
| Sample | Creates random or monetary unit samples from a specified population. | |||
| Statistics | Calculates various statistics on a selected numeric field. | |||
| Summarize | Accumulates numerical values based on a specified key field. An example would be summarizing travel and entertainment expense amounts by employee to identify unusually high payment amounts. | |||
| Manipulate and mine data within existing Excel spreadsheets | Arrange columns, Add calculated columns, Match information based on fuzzy logic, Tag rows and columns of data based on specific criteria, Sort information to new sheets |
* This is standard functionality within Excel
** Improves on standard Excel functionality, allows sort by double click at top of column
Outfit your entire audit team with ActiveData for Excel for less than the cost of a single license for ACL or IDEA!.
Discounts for Government, Educators, Non-profits and multiple licenses.
Need more power? Check out ActiveData for Office / SQL.
'.. tools such as ACL and CaseWare IDEA have long been utilized, but an application called ActiveData brings many of their high-end capabilities to an Excel platform for a fraction of the cost ... making this an attractive competitive product that firms will actually use.'
- Roman H. Kepczyk, CPA, The CPA Technology Advisor
What Is Acl Software
ACL’s Continuous Controls Monitoring (CCM) solutions provide an independent control review mechanism to help organizations assure the effectiveness of internal controls, reduce operational risks, minimize profit erosion, and mitigate the risk of fraud, while meeting regulatory requirements.
ACL’s CCM continuously and independently analyzes financial transaction data from any ERP, mainframe system, custom-built application to check and validate against organization’s control parameters and business rules. By rapidly analyzing unlimited volumes of data, with seamless data access and aggregation, CCM is able to identify suspicious activities, segregation of duties issues, and other exceptions and provide prompt notification of these control breaches through an easy-to-use web browser interface. CCM allows the user to drill down right to the specific exceptions and transactions enabling appropriate follow up before potential problems escalate.
Acl Auditing Tool
ACL CCM’s automated pre-defined analytics are mapped to the COSO (Committee of Sponsoring Organizations) Enterprise Risk Management Framework - recognized as the standard for enabling compliance with Section 404 of the Sarbanes-Oxley Act - allowing organizations to embed audit best practices into day-to-day business operations. CCM is flexible; analytic parameters can be fine-tuned by authorized personnel to meet each organization’s unique controls and operational policies and custom analytics can be built, as needed, to suit the specific requirements of an organization.
Acl Audit Analytics
Benefits of ACL CCM Solutions
Acl Data Analytics
- Independent testing of controls - through the review of 100 percent of transactions from any source
- Timely notification to management of control breakdowns - an ýearly warning systemý of compliance risk, enabling control weaknesses to be fixed before they materially impact financial results or are reported externally
- Improved fraud detection and reduction of business risk - through identification of control gaps and weaknesses that can lead to error, abuse, and fraud
- Improvements to efficiency and effectiveness - with potential to increase profitability by containing costs, minimizing losses, and improving revenue collection
- Sustainable compliance - ongoing, automated internal controls testing that provides cost-effective support for compliance programs
- Extensibility to multiple end-to-end business processes - with independent assurance of controls effectiveness and transaction integrity across the enterprise