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.

1. FTSE100 chemicals company
ACL Data Analytics
FTSE100 chemicals company
ACL Data Analytics
December 2010
DataConsulting Ltd December 2010 • 1

2. FTSE100 chemicals company
ACL Data Analytics
Agenda
 About DataConsulting
 Business Overview
 Scope
 Accounts Payable
 Accounts Receivable
 General Ledger
DataConsulting Ltd December 2010 • 2

3. FTSE100 chemicals company
ACL Data Analytics
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
DataConsulting Ltd December 2010 • 3
 Wide client base

4. FTSE100 chemicals company
ACL Data Analytics
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 December 2010 • 4

5. FTSE100 chemicals company
ACL Data Analytics
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 December 2010 • 5

6. FTSE100 chemicals company
ACL Data Analytics
Scope
CAATs developed analysed the following areas:
– Accounts Payable (AP)
– Accounts Receivable (AR)
– General Ledger (GL)
DataConsulting Ltd December 2010 • 6

7. FTSE100 chemicals company
ACL Data Analytics
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 December 2010 • 7

8. FTSE100 chemicals company
ACL Data Analytics
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 December 2010 • 8

9. FTSE100 chemicals company
ACL Data Analytics
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 December 2010 • 9

10. FTSE100 chemicals company
ACL Data Analytics
Questions?
DataConsulting Ltd December 2010 • 10

11. DataConsulting Ltd
5 Appleton Court
Calder Park
Wakefield WF2 7AR
Tel 01924 254 101
www.dataconsulting.co.uk
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