ACL Data Analytics - FTSE100 chemicals company
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ACL Data Analytics - FTSE100 chemicals company

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A FTSE100 chemicals company has commissioned us to perform a review of their accounts payable, accounts receivable and general ledger data. Using data extracts provided by the client of their SAP......

A FTSE100 chemicals company has commissioned us to perform a review of their accounts payable, accounts receivable and general ledger data. Using data extracts provided by the client of their SAP and JD Edwards systems we were able to analyse the data. The ACL scripts created for the analysis where handed over to the client so that they could perform the same tests when required.

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  • 1. FTSE100 chemicals company
    ACL Data Analytics
    December 2010
  • 2. About DataConsulting
    Business Overview
    Scope
    Accounts Payable
    Accounts Receivable
    General Ledger
    Agenda
  • 3. About DataConsulting
    DataConsulting set up in 2007 to provide data analysis services to audit teams and finance departments
    Partners are ex-Deloitte and PwC; employ accountants, auditors and developers
    Deep technical expertise in CAATs, continuous auditing, business modelling, spreadsheet assurance and tactical solutions
    Wide client base
  • 4. Business Overview
    The remit of the client’s Internal Audit department includes all business critical applications
    We were commissioned to develop a suite of computer assisted audit techniques (CAATs)
    Data extracted from client’s SAP & JD Edwards systems through an ODBC connection
    Hand-over ACL scripts for future audits
  • 5. Scope
    Develop data extracts as automated scripts
    Develop, document and run CAATs for the current audit
    Develop generic CAATs for future audits
    Manage handover knowledge and CAATs
  • 6. Scope
    CAATs developed analysed the following areas:
    Accounts Payable (AP)
    Accounts Receivable (AR)
    General Ledger (GL)
  • 7. Accounts Payable CAATs
    Duplicate payments identification by invoice number, amount and date
    Analysis of split purchase orders and blanket purchase orders
    Segregation of duties analysis
    Output retrospective purchase orders
    Identification of employees approving invoice amounts exceeding their approval limit

  • 8. Accounts Receivable CAATs
    Identification of all credit notes raised within the financial year by month
    Age of debt compared with the credit terms and limits
    Analysis of sales by month, customer, product and salesperson
    Validation of customer data
    Identification of unauthorised changes to prices or credit limits

  • 9. General Ledger CAATs
    Reperformance of the trial balance by analysing the GL account movement
    Identification of authorisers with significant postings
    Analysis of accounts with a balance of zero
    Identification of one sided journals
    Comparison of document date to the entry date

  • 10. Questions?
  • 11. DataConsulting Ltd
    5 Appleton Court
    Calder Park
    Wakefield WF2 7AR
    Tel 01924 254 101
    www.dataconsulting.co.uk
    Copyright DataConsulting Ltd 2011. All rights reserved.