Description: Audit Command Language (ACL) Analytics is a data extraction and analysis software used for fraud detection and prevention, and risk management. It samples large data sets to find irregularities or patterns in transactions that could indicate control weaknesses or fraud.
Is ACL a data analytics tool?
ACL Robotics is a data analysis tool within the HighBond software platform. ACL stands for Audit Command Language, and ACL Robotics helps auditors perform analysis and audit tests on 100% of the available data rather than merely sampling the data.
What is ACL in compliance?
Australian Credit Licence (ACL) holders have a variety of obligations which must be documented and adhered to in order to ensure compliance with the law. Many of these obligations can be often overlooked during the course of running a business.
What does ACL GRC stand for?
ACL acquired Rsam in February 2019. Rsam, a market leader in governance, risk, and compliance management (GRC) helps organizations achieve their business objectives by overcoming the daily challenges of integrated risk management through innovative technology.
What is ACL in risk management?
The “Strategy” module of the ACL™ GRC software allows you to analyse and document risks at company level, and to visualize your risk landscape – fully supporting you in every aspect of risk management.
What is ACL and IDEA?
IDEA and ACL are computer-aided auditing solutions designed for data extraction and analysis. IDEA, short for Interactive Data Extraction and Analysis, is a product of CaseWare. ACL, which stands for Audit Command Language, is a product of ACL Services Ltd.
What is ACL program?
Overview. ACL advocates across the federal government for older adults, people with disabilities, and families and caregivers; funds services and supports provided primarily by states and networks of community-based programs; and invests in training, education, research, and innovation.
What jurisdiction is ACL?
The ACL as an application law Each State and Territory parliament has applied the ACL as a law of its own jurisdiction, and it applies to the conduct of corporations and individuals.
Whose responsibility is it to ensure that a business complies with the ACL?
One law, multiple regulators The ACL is a single national law enforced in all jurisdictions by the various jurisdictions’ consumer regulators. ensure, wherever appropriate, a consistent approach to dispute resolution and enforcement action.
Which of the following is responsible for the enforcement of the ACL?
The ACL is administered by the ACCC and state and territory consumer protection agencies and is enforced by all Australian courts and tribunals, including the courts and tribunals of the States and Territories.
What is ACL robotics?
ACL Robotics is designed exclusively for governance professionals to help make you more efficient by automating time-intensive and repetitive processes. It goes beyond any simple analytic solution or BI technology. ACL Robotics runs your data access, reporting, and remediation tasks from beginning to end.
What does GRC stand for?
GRC as an acronym stands for governance, risk, and compliance, but the term GRC means much more than that. The OCEG (formerly known as “Open Compliance and Ethics Group”) states that the term GRC was first referenced as early as 2003, but was mentioned in a peer reviewed paper by their co-founder in 2007.
What is the best GRC tool?
10 Best GRC Tools List
- Fusion Framework System – Best GRC tool for dependency visualization.
- StandardFusion – Best GRC tool for internal audits.
- IBM OpenPages – Best enterprise GRC tool.
- ServiceNow Governance Risk and Compliance – Best GRC automation tool.
How much does ACL software cost?
On an annual subscription basis, prices range from less than $10,000/year to $1 million or more a year.
What is GRC tool?
GRC Tool Definition GRC tools assist organizations with activities commonly conducted in departments such as compliance, internal audit, legal, risk, IT, finance, HR, and the C suite. GRC software enables both large private and publicly-held companies to manage and integrate regulated IT operations.