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 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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ACL Data Analytics - FTSE100 chemicals company

  1. 1. FTSE100 chemicals company ACL Data AnalyticsFTSE100 chemicals companyACL Data AnalyticsDecember 2010 DataConsulting Ltd December 2010 • 1
  2. 2. FTSE100 chemicals companyACL Data AnalyticsAgenda About DataConsulting Business Overview Scope Accounts Payable Accounts Receivable General LedgerDataConsulting Ltd December 2010 • 2
  3. 3. FTSE100 chemicals companyACL Data AnalyticsAbout 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 solutionsDataConsulting Ltd December 2010 • 3 Wide client base
  4. 4. FTSE100 chemicals companyACL Data AnalyticsBusiness 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 auditsDataConsulting Ltd December 2010 • 4
  5. 5. FTSE100 chemicals companyACL Data AnalyticsScope 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 CAATsDataConsulting Ltd December 2010 • 5
  6. 6. FTSE100 chemicals companyACL Data AnalyticsScopeCAATs developed analysed the following areas: – Accounts Payable (AP) – Accounts Receivable (AR) – General Ledger (GL)DataConsulting Ltd December 2010 • 6
  7. 7. FTSE100 chemicals companyACL Data AnalyticsAccounts 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 …DataConsulting Ltd December 2010 • 7
  8. 8. FTSE100 chemicals companyACL Data AnalyticsAccounts 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 …DataConsulting Ltd December 2010 • 8
  9. 9. FTSE100 chemicals companyACL Data AnalyticsGeneral 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 …DataConsulting Ltd December 2010 • 9
  10. 10. FTSE100 chemicals companyACL Data AnalyticsQuestions?DataConsulting Ltd December 2010 • 10
  11. 11. DataConsulting Ltd5 Appleton CourtCalder ParkWakefield WF2 7ARTel 01924 254 101www.dataconsulting.co.ukCopyright DataConsulting Ltd 2011. All rights reserved.

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