1. ACL User Conference
New York City
June 8th, 2009

2. Welcome and Opening Remarks Lunch | Roundtables | Networking
New York: Monday, June 8
7:30 a.m. - 8:30 a.m.
Breakfast | Registration | Networking
8:30 a.m. - 8:45 a.m.
Welcome and Opening Remarks
8:45 a.m. - 9:45 a.m.
The Road to Continuous Assurance: A Team's Transition from Audit to Continuous Controls Monitoring Jason A. Gross, CPA, CIA, CFE, CISA, ACDA Vice President Controls Management Siemens Financial Services
9:45 a.m. - 10:15 a.m.
Break | Networking
10:15 a.m. - 11:15 a.m.
Gaining Audit Assurance: Continuous Audit Techniques with ACL David Toussas, CISA, Director IT Audit Tiffany & Co.
11:15 a.m. - 12:30 p.m.
ACL Impact Award Winner
12:30 p.m. - 1:30 p.m.
Lunch | Roundtables | Networking
1:30 p.m. - 3:30 p.m.
Workshop: Advanced Techniques to Improve Audit Efficiency Michael Keiffer, CPA, CIA, CISA, CTA, ACDA ACL Certified Master Trainer
Workshop: Continuous Auditing & Monitoring with ACL Dustin Lewis, CISA, ACDA Senior Technology Consultant, ACL Services Ltd.
3:30 p.m. - 4:00 p.m.
4:00 p.m. - 5:00 p.m.
ACL Use it or Lose It: Benchmarking Workshop Facilitated by Steve Biskie, CPA, CITP, CISA Best Practices Director, ACL Services Ltd.
5:00 p.m. - 7:00 p.m.
Cocktail Reception

4. The Road to Continuous Assurance by Jason Gross
Control Management versus Internal Audit
No longer independent
Actively participates in the business decisions
Become more of the event driver towards continuous monitoring

6. In Order To Succeed…
Obtain support & commitment from Audit Committee and Management
Continuous Auditing should complement the Audit Plan
Start small; build from success
Automate/leverage from well-defined periodic audits
Gain reliance by external auditors and add value

7. Technology Tools…
Optimize current data analytic scripts and schedule routines on a ‘continual’ basis’
Obtain direct access to the data
Cultivate core team of skilled auditors using technology for data extraction and analysis

10. Continuous Audit Techniques with ACL by David Toussas
No little blue box under our chairs
Interesting overview of the history of the company
The evolution of using ACL in their business
Overcoming the challenges/access to data
Get buy-in

12. Evolution of ACL at Tiffany
2001: Created A/P Testing Module in ACL
2003: Initial Attempt at Continuous Audit
2003: Identified Issue in Production Report
2004: Utilized U.S. Sales Data Warehouse
2005: Enhanced Post Void Testing
2005: Travel & Entertainment (cash advances)

15. Challenges they faced Staffing Sustainability
Turnover in the SOX-Era has been challenging
Limited resources with technical skills
Sustainability
Data exists on various platforms and databases
Majority of time spent developing/running queries
Staff is uncomfortable downloading/importing

16. What they did about it New Goals Implement
Centralized repository for data gathering
Consistently refresh data
Ability to control changes to ACL Modules
Expand Continuous Audit into International Retail
Identify additional projects
Implement
Upgrade ACL Server to ACL AuditExchange

18. Impact Award Winners Manuel Coello - Stanley Works
North American Winner
Continuous Monitoring using ACL and their successes
David T. Miod - United States Air force
Overall winner
Cost reductions in the millions if not billion+

19. Manuel Coello - Stanley Works

27. Smorgageboard of ACL Uses
Travel Improvement Event
Contracts Improvement Event
GPC Improvement Event
Supply Improvement Event
AVPOL Improvement Event
Reimbursements Improvement Event
All with dollar savings in the millions

28. Continuous Auditing and Assurance
By Dustin Lewis – ACL
Do ad hoc first then automate
Early wins/high risk areas
Analytic Essentials (for Audit Exchange Only)
Run Verify
Comment tricks
End of blank line ends comments
Making font bigger (or smaller)
Example of cleaning up files
All commands in upper case
Use of permanent variables (_status)
Set Debug?

29. Benchmarking Workshop Use it or lose it
Must not have been too eventful for me
Each table had ½ hour to come up with ACL application ideas that was unique
½ hour to share our ideas
Mine was duplicate reporting – first thing facilitator said was no dup reporting ideas since everyone has one.
Our table wasn’t picked
Last item on the agenda before cocktail hour