Who Can Benefit From This Service?

The following customers benefit from the Report Auto-Pilot Service:

• External auditors – working to comply with SAS 99 and AICPA Practice Alert 2003-02 that specifically identifies automated general ledger testing as part of a financial statement audit

• Internal auditors – using it as a proactive error and fraud detection tool and as an automated way to perform Sarbanes-Oxley testing

• Finance professionals – implementing it as a compensating control in their accounting function (link to graphic #3 from the Graphics section of this document), an automated way to perform Sarbanes-Oxley testing, and as a pre-audit of their processing.

• S-Ox consulting firms - using it as a proactive error and fraud detection tool and as an automated way to perform Sarbanes-Oxley testing.

• Fraud examiners - highlighting potential fraud within their clients’ accounting records and using it as a proactive fraud detection tool.

Regardless who uses the Report Auto-Pilot Service, they all see the following benefits:

• Perform audit tasks automatically instead of manually
  
• Support audit findings and recommendations with quantitative data
  
• Improve audit planning by injecting data analysis into the process
  
• Generate cash savings for the organization by rooting out control issues and fraud
  
• Analyze data to gain a better understanding of the organization’s business
  
• Jump start continuous monitoring systems to monitor key controls