ACL白皮书-总账的控制保证.pdfVIP

ACL Continuous Controls Monitoring Controls Assurance for the General Ledger D I S C U S S I O N P A P E R GEN ER A L L ED GER BACKGROUN D Management of the General Ledger (GL) and the overall financial close and reporting cycle is a lengthy and complex activity for most organizations. Journal entries from sub-ledgers may originate from numerous sources and diverse applications, including ERP systems, off-the-shelf accounting applications, and manual journal entries. Gaining effective insight into the integrity of GL entries and the resultant financial reports is an ongoing challenge. It can involve many hours to reconcile journal entries, often manually, with time-consuming follow-up on real and potential discrepancies to make amendments, adjustments, and corrections. With regulators demanding more frequent financial reporting, while continuing to shrink reporting timelines, the potential for errors, misstatements, or restatements – and consequently organizational risk – increases. Widely publicized accounting scandals in recent years, resulting from collusion or manipulation