Those who regularly generate the same analysis reports can save a lot of time by using delta data extraction. We explain what is behind the technology and how dab users can use it.
Most of the auditors are applying a variety of analytical methods in order to obtain the necessary information and evidence which would support their opinion in the audited financial statements of different companies. Their main purpose is to increase the degree of confidence regarding the true economic, financial, and equity situation of a company. As we know, the auditing process involves the verification of several transactions, analysis and testing of many documents, books, systems, and financial statements.
In a first blog post on GRC platforms titled "GRC and Governance Platforms - Introduction", we took a bird's eye view of the topic. Now I would like to continue the article series with the topic "Audit Management", which will consist of three consecutive articles. I will address the following topics:
The analysis of processes in companies with the help of process mining, especially for the processes purchase-to-pay and order-to-cash, is still in great demand. We have already presented our position and solutions on this topic in various blog posts.
We have now been dealing with the topics of data analysis, audit, risk management, compliance and ICS (ICS Internal Controls) for over 15 years. Especially in the recent past of the last 1-2 years a lot has happened here.
ACL™ GRC is ideal for establishing a data-analytics-based, integrated risk-management system. One aspect which many customers ask about is the installation of a whistleblowing platform.