Will Robotics (RPA) Replace ACL?

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.

Why Internal Auditors Should Care about Robotic Process Automation

What is Robotics Process Automation (RPA) and why should internal auditors care about it?

RPA is software that imitates human interaction with computer systems to accomplish tasks.

RPA can log into multiple systems, navigate through user interfaces or command line functions to add, update, or download data, create tickets, place orders, or basically anything else a human can do.

Except think (and some vendors would disagree with that).

Auditors, Do Data Analytics or Die

If you’re an auditor, you need data analytic skills or you will die.

Or put another way, if you don’t acquire them in the next 1-5 years, you will no longer be an auditor.

Pretty bold statement, isn’t it?

How to Review Your ACL Log

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.)

Why You Should Run ACL in a Virtual Machine

Running the desktop version of ACL in a virtual machine* (VM) has so many advantages, but I haven’t heard anyone else doing it.

Consider the following advantages, listed in order of importance (to me):

Review of ACL Excel Add-in, Now FREE!

In case you missed it, ACL released the next version of their Acerno product, renamed it ACL Excel Add-in, and made it FREE!

So I thought I’d update my review.

For my original review of Acerno, see A Review of ACL Acerno. It still seems that I’m the only one who ever took the time to review the product (versus marketing blurbs, which are all over the ‘net), which appears to be a statement regarding its popularity.

Despite the poor popularity, since they updated it AND made it free, I decided to dive in for another look.

Note: This add-in is not just for auditors! Any one who regularly reviews data should consider using this simple, EASY-to-use software.

Please take the new & improved poll at the bottom of this post (also free).

ACL Error: Not all Fields Imported via Script

Recently, I  ran an import script to import a delimited file into ACL, but the last 10 fields were not imported. And I didn’t know it right away, because I received no error message.

In addition (or should I say, in subtraction), the log did not indicate anything was wrong.