Hello Guys!. Good to have you here . I want to tell you some things about a popular audit analytic tool today. It is called Audit command Language(ACL). It has been here for more than a decade and is still adding values to a lot of organisations. The initial purpose of ACL was for Audit, but over the years it has developed into Data analysis and visualization tool. AuditArena teaches ACL here.
With ACL recent acquisition of Rsam , ACL Analytics is now called ACL Robotics , a cloud based software hosted on Amazon. ACL has also rebranded, they are now called Galvanise. All their software are now on Highbond, an end-to-end platform, designed by industry experts, to create stronger security, risk management, compliance, and assurance. ACL continues to be one of the most highly rated CAATs (Computer Assisted Audit Tool) because of its valuable contribution in Data mining, Data analysis and visualization,Predictive analytics, fraud investigation , internal and external audit, operational analysis, Revenue Assurance e.t.c. Some of the recent great developments in ACL is its integration with Machine Learning Languages such as Python and R, thereby making it possible to predict or forecast trends. ACL is currently available in three editions ;
- Professional Edition :Designed for small teams or individuals that need full analytic capabilities but aren’t quite ready for full automation.
- Team Edition:For small and large teams who need to maintain all their data on premise, including reporting and remediation activities, but want to automate
- Enterprise edition:For large and complex organizations requiring full Robotics functionality for monitoring programs, better testing, and collaboration tools, and full dashboarding and workflow capabilities.
Many people have been hearing about ACL for a long time but do not understand the benefits and how it can add value to organisations.The underlisted steps highlights how the Software can be made useful to your organisations.
PREPARE AND ANALYSE:
With Audit command Language, you can connect to different Data Sources such as Oracle Database, SQL Server etc, clean and prepare your data, then analyze risk and uncover insights to make better data-driven business decisions.
Create a robot KPI, KRI, or KCI to monitor and provide round-the-clock oversight.
When a threshold is exceeded, or an anomaly detected, the robot will inform decision makers to take action.
Dashboards and visualizations show you what’s really going on. Ensure you always have the right data
at the right time to inform strategic decisions.
Robots are your friend, not your replacement. A robot puts flagged records in front of you for review
and remediation—your knowledge is still critical to make key decisions on thresholds or anomalies.
Create review, remediation, and reporting workflows to action red flags.Initiate workflows for any data source, from digital records to your C-suite storyboard.
It has been designed such that anyone can perform advanced and predictive analytics. And also included full integration with R and Python so you can identify and action future trends now.
Having Skills in ACL makes you stay relevant in this mordern world. Technological landscape is ever changing and the best way to be in tune is continuously develop one’s career. At AuditArena, we are in the business to help you achieve your dreams. We provide you with quality online technology auditing courses at cheaper prices. For more information navigate here. Hope to see you making make valuable contributions to the IS Auditing world!.