Question: The use of audit software has increased dramatically in recent years. Software is now used to fulfill administrative functions in the audit environment, document audit

The use of audit software has increased dramatically in recent years. Software is now used to fulfill administrative functions in the audit environment, document audit work, and conduct data analysis. This problem requires students to visit the ACL web site (www.acl.com) to learn how auditors use ACL to address issues of fraud detection and continuous auditing.

Required
a. Read about ACL’s solution for fraud detection. What are some of the benefits of ACL for fraud detection?
b. What is continuous monitoring? How might a company use ACL to comply with requirements related to internal control over financial reporting?

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