1. Technology for Business Assurance Copyright © 2009 ACL Services Ltd. Does AuditExchange really enable Continuous Monitoring ? St Louis ACL Users Group David Dempsey Enterprise Account Manager: Missouri, Michigan, Indiana April 14 2010

2. Copyright © 2009 ACL Services Ltd. 2 ACL Services Ltd. Agenda Continuous Monitoring versus Continuous Auditing AuditExchange 2.0 How does AuditExchange Facilitate Continuous Monitoring ? Questions

3. Copyright © 2009 ACL Services Ltd. 3 ACL Services Ltd. Continuous Auditing Continuous Auditing - Audit Departments Responsibility Continuous auditing is traditionally the audit processes involving a cyclical auditing approach.

4. Copyright © 2009 ACL Services Ltd. 4 ACL Services Ltd. Continuous Monitoring Continuous Monitoring – Business Lines Responsibility Continuous Monitoring is the method that a business process owner or management uses to ensure that internal controls related to business activities and financial reporting are working as intended.

5. Copyright © 2009 ACL Services Ltd. 5 ACL Services Ltd. Audit Exchange 2.0, with the AX Exception component, has improved our controls monitoring across the business. We have automated both audit testing and distributing the results for appropriate follow up. It now runs seamlessly and we have an audit trail that confirms exceptions are reviewed and dealt with. This is a much better alternative to sending audit reports with attachments, to people who may or may not answer, and then manually cutting and pasting audit feedback back into audit reports. Tom Boyle, District Audit Officer ACL AuditExchange 2.0 Beta Customer

6. Copyright © 2009 ACL Services Ltd. 6 ACL Services Ltd. AuditExchange 2.0 A brief overview

7. Copyright © 2009 ACL Services Ltd. 7 ACL Services Ltd. ACL D/B Interface Connections from AX Core Enterprise Data Enterprise Data Exceptions distributed via web-based viewer Apply proven analytics Audit Leadership or Non ACL Users or Management in Other Departments ACL Specialist SQL ERP Business Stakeholders Manage All Types of Audit Content Project sA nalyticsDataExce l WordCrystal Reports PDFAudioPowerPointResults

8. Copyright © 2009 ACL Services Ltd. 8 ACL Services Ltd. End-to-end data analysis. From data access to exception management. Enterprise Data Sources Enterprise Data Sources

9. Copyright © 2009 ACL Services Ltd. 9 ACL Services Ltd. Exception reports for everyone through a web browser.

10. Copyright © 2009 ACL Services Ltd. 10 ACL Services Ltd. Exception Management – Continuous Monitoring Automatically distribute, manage and track exceptions Help reduce the negative impact of exceptions on the business Enhance the value you deliver

11. Copyright © 2009 ACL Services Ltd. 11 ACL Services Ltd.