Technology for Business Assurance Copyright 2009 ACL Services

Technology for Business Assurance Copyright © 2009 ACL Services Ltd. Does Audit. Exchange really enable Continuous Monitoring ? St Louis ACL Users Group David Dempsey Enterprise Account Manager: Missouri, Michigan, Indiana April 14 2010

ACL Services Ltd. Copyright © 2009 ACL Services 2 Agenda § Continuous Monitoring versus Continuous Auditing § Audit. Exchange 2. 0 § How does Audit. Exchange Facilitate Continuous Monitoring ? § Questions

ACL Services Ltd. Copyright © 2009 ACL Services 3 Continuous Auditing § Continuous Auditing - Audit Department’s Responsibility Continuous auditing is traditionally the audit processes involving a cyclical auditing approach.

ACL Services Ltd. Copyright © 2009 ACL Services 4 Continuous Monitoring § Continuous Monitoring – Business Line’s Responsibility Continuous Monitoring is the method that a business process owner or management uses to ensure that internal controls related to business activities and financial reporting are working as intended.

ACL Services Ltd. Copyright © 2009 ACL Services 5 Audit Exchange 2. 0, with the AX Exception component, has improved our controls monitoring across the business. We have automated both audit testing and distributing the results for appropriate follow up. It now runs seamlessly and we have an audit trail that confirms exceptions are reviewed and dealt with. This is a much better alternative to sending audit reports with attachments, to people who may or may not answer, and then manually cutting and pasting audit feedback into audit reports. Tom Boyle, District Audit Officer ACL Audit. Exchange 2. 0 Beta Customer

ACL Services Ltd. Audit. Exchange 2. 0 § A brief overview Ltd. Copyright ©

ACL Services Ltd. Apply proven analytics ER P Copyright © 2009 ACL Services 7 Exceptions distributed via web-based viewer Centralized Audit ACL Management • Engagement & Content Management • Automation • Analytic Manage All Types. Processing of Audit Content Enterprise Data Results Analytics SQL D/B Interface Connections from AX Core ACL Specialist Crystal Report s Projects Exce l PDF Power. Poi nt Audio Wor d Audit Leadership or Non ACL Users or Management in Other Departments Business Stakeholders

ACL Services Ltd. End-to-end data analysis. From data access to exception management. Enterprise Data

ACL Services Ltd. • Exception reports for everyone through a web browser. Copyright © 2009 ACL Services 9 Business Stakeholders Accounts Payable AX Core Purchasing Payroll Accounting Accounts Receivable

ACL Services Ltd. Copyright © 2009 ACL Services 10 Exception Management – Continuous Monitoring • Automatically distribute, manage and track exceptions • Help reduce the negative impact of exceptions on the bu • Enhance the value you deliver