Generalized

Audit
Software
Featuring ACL
TABLE OF CONTENTS

 Audit Command Language

Introduction
Definition of Terms • Definition
Presentation Proper • Features
 Generalized Audit Case Study
Software  Corvelle Consulting
• Definition  Problem Definition
• Tasks that can be  Problem Solution
performed Summary
• Advantages and List of References
Disadvantages
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INTRODUCTION
3
 •the most widely used
GAS CAAT for IT auditing

•one of the most popular

ACL software packages

Introduction
DEFINITION OF TERMS

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 • is the practice of using computers to
CAAT automate the IT audit processes

• to arrange the different parts of

Stratified something in separate layers or groups

Quasi- • Administrative tribunals or government

officials which are subject to the rules of
judicial natural justice.

Enormous • very large in size, quantity, or extent.

Definition of Terms 6
Generalized
Audit Software

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DEFINITION

▰ The most common computer-assisted audit

tool (CAAT).
▰ Designed to read, process and write data with
the help of functions performing specific
audit routines and with self-made macros.

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 TASKS THAT CAN BE PERFORMED

1. Footing and 4. Formatting results 6. Screening data and

balancing entire of tests into selectively
files or selected reports. including or
data items. excluding items.
5. Printing
2. Selecting and confirmations in 7. Comparing two
reporting detailed either files and identifying
data contained on standardization or any differences.
files. special wording. 8. Recalculating data
3. Selecting stratified fields.
statistical samples
from data files. 9
 ADVANTAGES AND DISADVANTAGES

A • Improved efficiencies by D
D automating manual I
procedures ▰ GAS software is costly to S
V purchase. Many users feel
• Reduced risk by testing entire A
A populations reducing reliance it is difficult to learn as D
N on sampling well. GAS software, over V
T • Added value by providing the years, has become
A
A more detailed insight into N
underlying records easier to use than the T
G • Increasing the range of packages offered years A
E testing available to the ago. G
S Auditor E

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Audit Command
Language

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DEFINITION

▰ Audit command language or ACL is a data

interrogation tool used by auditors to view, explore,
and analyze data efficiently and cost effectively.
▰ ACL enables auditors to access data in diverse
formats and on various types of storage devices.

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FEATURES

Data Definition
Customizing a view
Filtering data
Stratifying data
Statistical analysis
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 FEATURES

DataDefinition
 One of the ACL’s strength is the ability to read data stored
in most formats.
Customizing a View
 ACL allows the auditor to customize the original view
created during data definition to one that better meets
his/her audit needs.
Filtering Data
 ACL provides powerful options for filtering data that
supports various audit tests. 14
 FEATURES

Stratifying Data
 ACL stratification feature allows the auditor view the
distribution of records that fall into specified strata.
Statistical Analysis
 ACL offers many sampling methods for statistical analysis.
Two of the most frequently used are record sampling and
monetary unit sampling.

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16
 PROFILE

 Corvelle Consulting is a partnership of IT professionals

providing organizations with expert advice and project
management services for creating, maintaining and developing
mission-critical information systems.
 One of their clients, an independent, quasi-judicial government
agency, hired Corvelle to design and implement an enhanced
audit program for improved risk—and control-based
compliance monitoring.
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 PROBLEM DEFINITION

 The agency monitors oil and gas industry compliance, which includes
monitoring all production measurement reported to a central petroleum
registry.
 Currently, the industry encompasses over 500 operators and 26,000 active
oil and gas production facilities.
 The mandatory data reporting submitted monthly by industry operators
generates an enormous volume of information, exceeding the capabilities of
basic spreadsheet software.
 Analysis was being performed manually with spreadsheet support. Audit staff
was only able to sample a tiny percentage of the data population.
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 PROBLEM SOLUTION

 In an effort to leverage audit best practices, Corvelle designed an

enhanced audit program to deliver an improved risk-and control-
based compliance approach.
 Using ACL Analytics Exchange, the project team created
comprehensive data investigations to pinpoint exceptions, errors and
anomalies.
 The project team also engaged ACL Consulting Services to lead the
ACL analysis projects and ensure their analytic scripts were thorough
and efficient.
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SUMMARY
GAS
The report outlined the
typical functions and uses
of GAS. The factors
widespread its popularity.
And also the advantages
and only disadvantage of
GAS.

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ACL
The report also review
more the commonly
used features of ACL,
the leading commercial
GAS product.

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CASE STUDY
The result of the case study
shows that ACL Analytics
Exchange allows Corvelle
Consulting to provide
comprehensive compliance
assessments and data
trending, effectively and
comprehensively analyze
millions of data records,
develop new analytic scripts as
required, and accelerate
implementation work for the
client.
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LIST OF
REFERENCES
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REFERENCES

https://en.wikipedia.org/wiki/Generalized_audit_software
Accounting Information Systems,. Seventh Edition. James A. Hall.
https://www.coursehero.com/file/p64o2vo/The-key-benefits-of-
Generalized-Audit-Software-are-Improved-efficiencies-by/
https://bizfluent.com/facts-7627472-generalized-audit-software.html/
https://www.coursehero.com/file/p495upb/Two-of-the-most-popular-are-
Audit-Control-Language-ACL-and-IDEA-Audit-Control/
https://media.featuredcustomers.com/CustomerCaseStudy.document/Case
_Study_Services_Corvelle_Consulting.pdf/

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 THANKS!
Urbano, Krissa Mae M.
Vergara, Mary Patrice Ruby T.

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