Jan Beckmann
CPA, ACDA
Principal
314.983.1254
jbeckmann@bswllc.com
HOME RISK SERVICES > Data Analysis
ACL Implementation
ACL implementation is a specialized component of our data analysis practice area. It is a proven data analysis method that adds value to internal audits, increases efficiency and expands coverage. Initiating ACL implementation with the help of the Brown Smith Wallace data analysis team can help you:
- Reduce fees by increasing external audit dependence on your work
- Identify successful areas for ACL implementation
- Create scripts for continuous auditing
- Develop best practices to reduce the learning curve
- Train your staff while working on your own data and projects
ACL implementation can be utilized in a variety of industries for various reasons. Here are some examples of successful projects:
- Identified $3.5 million dollars in duplicate payments to a third party insurance provider and provided detail for repayment
- Detected fraud in which engineering managers booked costs to closed projects while receiving bonuses for bringing current projects in under budget
- Identified that over 85 percent of a high-tech company’s inventory was obsolete. Prior to the analysis, the company was unable to track obsolescence
- Created programs for an audit team to streamline repetitive work and reduce travel time by two weeks
- Integrated data analysis with existing and new audit procedures to improve the audit process
For more information on ACL implementation or data analysis, please contact Janet Beckmann, CPA, ACDA, ACL Certified Trainer at jbeckmann@bswllc.com, or 314.983.1254.
Click to receive your complimentary copy of Insights magazine.