ACL Data Analytics - FTSE100 chemicals company

1,026 views

Published on

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.

0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total views
1,026
On SlideShare
0
From Embeds
0
Number of Embeds
4
Actions
Shares
0
Downloads
25
Comments
0
Likes
0
Embeds 0
No embeds

No notes for slide

ACL Data Analytics - FTSE100 chemicals company

  1. 1. FTSE100 chemicals company<br />ACL Data Analytics<br />December 2010<br />
  2. 2. About DataConsulting<br />Business Overview<br />Scope<br />Accounts Payable<br />Accounts Receivable<br />General Ledger<br />Agenda<br />
  3. 3. About DataConsulting<br />DataConsulting set up in 2007 to provide data analysis services to audit teams and finance departments<br />Partners are ex-Deloitte and PwC; employ accountants, auditors and developers<br />Deep technical expertise in CAATs, continuous auditing, business modelling, spreadsheet assurance and tactical solutions<br />Wide client base<br />
  4. 4. Business Overview<br />The remit of the client’s Internal Audit department includes all business critical applications<br />We were commissioned to develop a suite of computer assisted audit techniques (CAATs) <br />Data extracted from client’s SAP & JD Edwards systems through an ODBC connection<br />Hand-over ACL scripts for future audits<br />
  5. 5. Scope<br />Develop data extracts as automated scripts<br />Develop, document and run CAATs for the current audit<br />Develop generic CAATs for future audits <br />Manage handover knowledge and CAATs<br />
  6. 6. Scope<br />CAATs developed analysed the following areas:<br />Accounts Payable (AP)<br />Accounts Receivable (AR)<br />General Ledger (GL)<br />
  7. 7. Accounts Payable CAATs<br />Duplicate payments identification by invoice number, amount and date<br />Analysis of split purchase orders and blanket purchase orders<br />Segregation of duties analysis<br />Output retrospective purchase orders<br />Identification of employees approving invoice amounts exceeding their approval limit<br />…<br />
  8. 8. Accounts Receivable CAATs<br />Identification of all credit notes raised within the financial year by month<br />Age of debt compared with the credit terms and limits<br />Analysis of sales by month, customer, product and salesperson<br />Validation of customer data<br />Identification of unauthorised changes to prices or credit limits<br />…<br />
  9. 9. General Ledger CAATs<br />Reperformance of the trial balance by analysing the GL account movement<br />Identification of authorisers with significant postings<br />Analysis of accounts with a balance of zero<br />Identification of one sided journals<br />Comparison of document date to the entry date<br />…<br />
  10. 10. Questions?<br />
  11. 11. DataConsulting Ltd<br />5 Appleton Court<br />Calder Park<br />Wakefield WF2 7AR<br />Tel 01924 254 101<br />www.dataconsulting.co.uk<br />Copyright DataConsulting Ltd 2011. All rights reserved.<br />

×