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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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DataConsulting Ltd
FTSE100 chemicals companyACL Data Analytics
December 2010 • 1
FTSE100 chemicals company
ACL Data Analytics
December 2010
DataConsulting Ltd
FTSE100 chemicals companyACL Data Analytics
December 2010 • 2
About DataConsulting
Business Overview
Scope
Accounts Payable
Accounts Receivable
General Ledger
Agenda
DataConsulting Ltd
FTSE100 chemicals companyACL Data Analytics
December 2010 • 3
About 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 solutions
Wide client base
DataConsulting Ltd
FTSE100 chemicals companyACL Data Analytics
December 2010 • 4
Business 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 audits
DataConsulting Ltd
FTSE100 chemicals companyACL Data Analytics
December 2010 • 5
Scope
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 CAATs
DataConsulting Ltd
FTSE100 chemicals companyACL Data Analytics
December 2010 • 6
Scope
CAATs developed analysed the following areas:
– Accounts Payable (AP)
– Accounts Receivable (AR)
– General Ledger (GL)
DataConsulting Ltd
FTSE100 chemicals companyACL Data Analytics
December 2010 • 7
Accounts 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
FTSE100 chemicals companyACL Data Analytics
December 2010 • 8
Accounts 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
FTSE100 chemicals companyACL Data Analytics
December 2010 • 9
General 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
FTSE100 chemicals companyACL Data Analytics
December 2010 • 10
Questions?
DataConsulting Ltd5 Appleton CourtCalder ParkWakefield WF2 7AR
Tel 01924 254 101www.dataconsulting.co.uk
Copyright DataConsulting Ltd 2011. All rights reserved.
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