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Top 3 Reasons Why the Audit Command Language Is Best for Audit Analytics

Friday, September 8th, 2017

One of the fastest evolving service industry is the field of data analytics. It has gone from being a general profile to predict or validate data points to serving specific purposes depending on a companies goals. Some firms prefer performing analytics within the firms. Others tend to look for expertise outside the firm. As a result, analytics has found its way into different domains. Financial audit is one such domain. The Audit Command Language tool was designed to cater this particular area specifically. Listed below are reasons why it is suited to this service line

1. Realtime Logs – In the domain of audit analytics, it is imperative that all steps performed to transform the client data that is under audit are documented appropriately. These logs can form the basis of further substantiating any inquiries with the client regarding the data captured. This practice is specifically required for journal entry testing, revenue testing, payroll testing etc. All such data are sensitive in nature and thus logs provide indemnification to all involved parties to carry out a thorough audit.

2. Easy UI – The Audit Command Language has a unique for a tool built for data analytics. The user interface is not very intimidating. Primarily this is so because it is meant to be used by folks who are in the audit domain. Most professionals in this domain do not have technical backgrounds in scripting or coding. An easy interface makes it convenient for existing professionals to carry out their tasks with very limited training on the part of the organisations. The user interface also allows for all procedures performed using the GUI, to be recorded as logs. This is also a quick way for professionals to learn the tool to automate certain tasks, which are repetitive in nature.

3. Infrastructure – Unlike some other tools in the market place, the ACL Audit Command Language doesn’t require a great deal of investment in terms of infrastructure. For instance, to set up the SAS enterprise guide, it would require a server to be setup to house the data sets in a certain schema or even SQL based tools like MS SQL server to require another tools like Excel to prepare and format the findings from the databases outputs. The Audit Command Language can be easily run on the users’ desktop or set up on remote servers, where each project is executed independently.

Having mentioned the advantages of the Audit Command Language, it should be noted that this tool does have some limitations that sometimes hinders the work that needs to be performed even in the audit domain. However, with its core features serving the main purposes, it is strong foundation for audit firms to include analytics into their practices.

Do Digital Tools Enhance or Retard Our Tasks?

Friday, September 8th, 2017

Facebook, Twitter, LinkedIn, Adobe Photoshop, YouTube, Word, PowerPoint, Skype and Viber are all good examples of modern day digital tools. Weebly/Wix for building free websites as subdomains, browsers such as chrome or Firefox and blogspot.com used by bloggers as well fall into the category of digital tools. Now the question is if all of these tools help to enhance our tasks or not. Read on where I shed some highlights.

Facebook is an example of social media where people connect to friends and post images, comments and videos which their friends like. It becomes a game about which post gets how many likes and the comments put in by their friends add to the fun of the game. Twitter is a similar kind of social media. These media are entirely for entertainment purposes. They do little to serve for your important tasks unless you are trying to promote a product where you will need friends, fans and followers’ help in advertising, spreading the word about it and ultimately result in purchasing it.

LinkedIn is also for social networking but only for professionals. You network with colleagues and acquaintances to discuss the job market and upload your resume in the hopes of finding a better job that suits you well. LinkedIn should be logged in at home, not at the workplace where you should stick to your current work projects so that you get good recommendations from higher-ups when you attempt to shift to a new job.

Adobe Photoshop, Word and PowerPoint can be daily requirements at work for image edits, documentation and presentations. These are really helpful tools which help to enhance your work.

Skype and Viber are the digital tools to communicate with distant colleagues at another branch or a Boss away from work. Either way you keep each other updated about your work projects. These tools can also be used to enhance communications among family, friends and relatives living far apart.

Your workplace will provide you with domains for setting up your own website so that free subdomains of websites provided by weebly/wix, for instance, are only helpful for those who want for personal use or who are self-employed.

Browsers such as chrome or Firefox are digital tools that are widespread at home or work and used vigorously to surf the net. We cannot survive without these tools because they have become the part and parcel of our life.

Blogspot.com used by bloggers and YouTube for embedding videos are helpful in that they provide information about certain aspects such as cooking a recipe, curing acne or making beautiful hair braids and others for instance, research in a niche or follow-ups of a book to be launched, travel & tourism and even personal development. They enable to promote the work you do but you shouldn’t be wasting your time on them during office work but rather during leisure hours.

Summing up, digital tools come in different forms – some will be directly applicable to work, some will enhance your work while others are completely for fun and entertainment. It is up to you to make good use of them during the right times, without getting into any mishap or trouble.