Some Chief Audit Executives (CAEs) and audit managers tend to think that audit automation is a set-it-and-forget-it process. NOT.
In this post, I want to expand on a problem I mentioned in an earlier post , 10 Signs Mgmt Doesn’t Really Support Analytics.
Audit management too often thinks that once a process or an audit is automated, ALL auditor/staff hours previously spent performing that process can be reassigned elsewhere.
That is not the case at all.
Previously I wrote Will Robotics (RPA) Replace ACL?
The short answer is no, and I describe the reasons in that post.
But that doesn’t mean someone won’t try.
Shortly after I wrote my original robotics post, I encountered robotics vs. ACL, part 2.
In my last post, I described Why Internal Auditors Should Care about Robotic Process Automation.
In this post, I’ll explore whether RPA can replace analytic packages like ACL, IDEA, R, and Power BI.
That might seem like a strange question, but a few managers and a VP have asked me just that recently. Here’s how I’ve answered it.
Today I was adding a new table to a scripted ACL project and kept getting an error.
This project automatically opens a folder on the LAN, reads the files in the folder, and loads all of them.
All I did was add one more file to the folder. ACL refused to load that one file.
Whether you script your projects or use menu commands, you need to review your ACL log carefully.
Good analysts review their results and the log as they work in ACL, after they think they are done, and have others review their log before the ACL project is relied upon.
(You can’t imagine the dumb mistakes my team and I found that saved us a lot of embarrassment later.)
Do you know the #1 reason auditors don’t do data analytics (DA) much?
It is so simple, so obvious, I hesitated to blog about it. Let me know if you agree.