Audit Command Language Course

This course offered by IRES is designed for central bankers to enhance their audit, compliance, and risk management capabilities.

This course will equip participants with skills to efficiently analyze, manage, and audit vast amounts of financial data using ACL, a leading data analytics tool.

Participants will learn to import, clean, and prepare data, perform complex analyses, automate audit tasks, and create insightful reports.

Ideal for internal auditors, financial analysts, compliance officers, and risk management professionals, this hands-on course combines theoretical knowledge with practical exercises using real-world datasets.

Enhance your audit efficiency, data accuracy, and decision-making with our expert-led training, and stay ahead in the evolving FinTech landscape.

Duration

5 Days

Target Audience:

1. Internal Auditors
2. Financial Analysts
3. Compliance Officers
4. Risk Management Professionals
5. IT Auditors

Organizational Impact

Upon completion of the training course, the organizational impact would be:

1. Enhanced Audit Efficiency
2. Improved Data Accuracy and Integrity
3. Proactive Risk Management
4. Increased Compliance and Regulatory Adherence
5. Better Decision-Making
6. Enhanced Staff Competency
7. Cost Savings
8. Strengthened Financial Oversight

Personal Impact

On successful completion of this training course, Participants will be able to understand:

1. Enhanced Skill Set
2. Increased Efficiency
3. Improved Analytical Capabilities
4. Career Advancement
5. Professional Confidence
6. Better Decision-Making
7. Networking Opportunities
8. Continued Learning and Development

Course Objectives

1. Understand ACL Fundamentals
2. Data Acquisition and Preparation
3. Advanced Data Analysis
4. Audit Automation
5. Reporting and Visualization

Course Outline

Module 1: Introduction to ACL and Data Analytics in Auditing

1. Overview of ACL software and its applications in auditing.
2. Understanding the role of data analytics in modern auditing practices.
3. Navigating the ACL interface and basic functionalities.
4. Importing and exporting data from various sources.
5. Ensuring data accuracy and integrity.

Module 2: Data Preparation and Cleaning

1. Techniques for data cleaning and preparation.
2. Identifying and handling missing or inconsistent data.
3. Data normalization and transformation.
4. Using ACL to filter, sort, and summarize data.
5. Creating and managing data fields and records.

Module 3: Advanced Data Analysis Techniques

1. Performing complex data analysis with ACL.
2. Identifying trends, patterns, and anomalies.
3. Conducting statistical analysis and applying audit-sampling techniques.
4. Using ACL for fraud detection and risk assessment.
5. Case studies on applying advanced data analysis in central banking.

Module 4: Automating Audit Processes

1. Introduction to scripting and automation in ACL.
2. Writing and executing scripts to automate repetitive audit tasks.
3. Scheduling and managing automated audits.
4. Monitoring and maintaining audit trails.
5. Best practices for audit automation.

Module 5: Reporting and Visualization

1. Creating insightful reports using ACL.
2. Designing visualizations to communicate audit findings.
3. Customizing reports for different stakeholders.
4. Exporting and sharing reports and visualizations.
5. Practical exercises on reporting and visualization in real-world scenarios.

Related Courses

1. Financial stability: New Approach to Banking Crisis Prevention Course
2. Climate Change and Financial Stability: Policy Tools and Regulations
3. Electronic Records Management and Registry
4. Performance Management Course for Central Banks
5. Cyber Risks in Financial Market Infrastructure/National Payments for Central Banks
6. Foundation Course in Currency Management for Central Banks

Course Administration Details

Methodology

The instructor led trainings are delivered using a blended learning approach and comprise of presentations, guided sessions of practical exercise, web-based tutorials and group work.

Our facilitators are seasoned industry experts with years of experience, working as professional and trainers in these fields.

All facilitation and course materials will be offered in English. Therefore, participants should be reasonably proficient in English.

Accreditation

Upon successful completion of this training, participants will be issued with an Indepth Research Institute (IRES) certificate certified by the National Industrial Training Authority (NITA).

Training Locations

The training will be held at IRES Training Centre. The course fee covers the course tuition, training materials, two break refreshments and lunch. 

In additon to our training in Kenya (Nairobi, Mombasa, Kisumu, Nakuru, and Naivasha), we conduct training virtually and also in the following locations:

1. Dubai - United Arab Emirates
2. Cairo - Egypt
3. Johannesburg, Pretoria, and Cape Town - South Africa
4. Dar-es-Salaam, Zanzibar, and Arusha - Tanzania
5. Kigali - Rwanda
6. Accra - Ghana
7. Kampala - Uganda

Accommodation and Airport Transfer

Accommodation and airport pickup are arranged upon request. For reservations, kindly contact us.

Tailor-Made Program

Upon request this training can also be customized to suit the needs of you or your institution.

You can have it delivered in our IRES Training Centre or at a convenient location of your choice. For further inquiries, please contact us.