An audit performed using ACL accounting software, is called an ACL audit. The Audit Command Language software is designed to transform the audit methodology. It provides several innovative software features to enhance the traditional approach to audit. Therefore, audit professionals are using ACL analytics in more of there audits. There are many reasons to include analytics in the audit industry. Firstly, it is a lot of manual work to prepare testing samples from a large volume of data. Secondly, it is important to keep track of the changes made to the client data. Lastly, it is important that users are able to perform tasks easily.
Why choose ACL Audit approach
Firstly, the prime reason to use ACL audit approach is that of the scale. Most audit clients have large volumes of data. Therefore, it is natural for auditors to look for somewhat automated solutions. The result is that the ACL programming language is included for most audits. Additionally, use of software allows automation of repetitive tasks. Especially, tasks related to data manipulation. These are common requests for audit pros. Unfortunately, an ACL software free download is not available for casual users.
Benefits of an ACL Audit
There are many benefits of using Audit data analytics software like ACL programming language. ACL software is a robust audit data analysis software. Users use the GUI or write ACL programs. Additionally, users keep track of data transformations through the logs. Therefore an ACL log is of critical importance. It allows users to track the changes made to client’s raw data. Therefore, an ACL data analyst is trained to read ACL logs.
ACL analytics has truly transformed the audit industry. There are many other tools like SAS, SQL server in the industry. These serve as valid options for audit projects. However, unlike these tools, ACL data analytics is easy to use and cost-effective.