ACL analytics is transforming the audit industry in new ways every day. As a result, more audit firms are adopting this amazing tool to perform audit procedures. Apart from rich functionality, it provides an easy to use interface. Therefore, new users face a very low learning curve. A recent study indicated ACL software as the first preference for audit professionals across 90% of the audit firms.
ACL Analytics is easy to learn
Prior to ACL software, there was no dedicated auditing software for accountants. ACL audit software has changed this notion. Firstly, ACL is designed for audit professionals. Users start with new projects in no time. It is very similar to MS Excel spreadsheets. Users are able to access powerful features easily through the GUI based interface. Dedicated ‘Audit Command Language Software‘ training is required. However, users go through the training sessions very quickly.
ACL Analytics is the reason for high quality
The Audit Command language software is full of innovative features. These are essential for a high-quality audit. Firstly, there are ACL logs. ACL logs keep track of all the changes made to client data. This is very important for an audit to demonstrate high ACL compliance. Therefore, ACL compliance is an important factor to determine the quality of an audit. Secondly, ACL software has powerful features. Users are regularly provided ACL audit tutorial sessions by their employers. However, users are instructed to practice regularly to master the advanced concepts.
ACL Analytics is cost effective
ACL audit software cost is an urban legend. Firms are able to recover the investment costs within the first year of deployment. This is so because ACL software is not limited to the audit domain. ‘ACL data analytics’ can be applied to other analytics projects. For instance, ITGC testing and risk transformation are relevant domains for the ACL software.