ACL Services announces 2009 Impact Award winners

ACL Services recently issued a press release regarding the results of the 2009 Impact Awards. As a courtesy, that press release has been republished below. To learn more about how your company or organization can gain increased exposure through CCI, contact us about our preferred program.

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ACL Services announces 2009 Impact Award winners

U.S. Department of Defense Finance & Accounting Service wins
Grand Prize for internal audit achievements

Vancouver, Canada – June 30, 2009 – Defense Finance & Accounting–Europe (DFAS-Europe), the accounting group of the U.S. Department of Defense (DOD), is the winner of the 2009 ACL Impact Award grand prize in recognition of their use of ACL technology to improve budget accountability and transparency across the U.S. Air Force.

The awards recognize companies for organizational excellence and innovative use of ACL technology. DFAS-Europe identified over $2 billion in unused budget balances for the U.S. Air Force by analyzing over three million records from the previous six years. DFAS-Europe gained insight, identified opportunities to improve business processes, and helped the Air Force put in place controls to reduce unexecuted balances in future years.

The U.S. Air Force in Europe (USAFE), based at Ramstein Air Base, Germany, has six DFAS mission support accountants embedded with the USAFE Comptroller staff. The team, established in 2003, provides service for all of USAFE and DOD supported customers by analyzing various accounting and reporting operations including Air Force vendor pay throughout Europe.

In accepting the award at the ACL Connections 2009 user conference in New York City, David T. Miod, mission support accountant of DFAS-Europe said, “It is because of ACL technology that the Air Force has gained recognition as a leader in this new ‘out-of-the-box’ thinking about an old standard way of doing things. Traditionally, we focused on current-year budget execution, but using ACL has allowed us to examine fund usage over the past six years, show yearly trends, and identify process improvement areas to ensure mistakes are not repeated.”

ACL user conferences were held in San Francisco, Chicago and New York and drew hundreds of professionals from audit, finance, risk management and other analytics fields. Attendees shared best practices on topics ranging from data access techniques through continuous auditing and monitoring implementations. Attendance at the three events almost doubled over 2008 and participation in post-conference training also increased.

In the closing remarks of the New York conference, Harald Will, president and CEO, ACL Services commented: “This year’s Impact Award winners prove that internal audit can be a catalyst for better business assurance. As audit takes on a more strategic role in response to the changing economic conditions, these organizations are seeing the benefits from applying audit technology across business processes for some pretty amazing results.” Will was recently named one of the 100 Most Influential People in Finance in 2009.

Regional Impact Award 2009 winners are:
· Asia Region: Nabankur Sen, Axis Bank Ltd. (India)
· EMEA Region: Davide Gava & Tobias Thibaut, Sara Lee International (Spain)
· Latin America Region: Joao Vieira Filho, Instituto Nacional do Seguro Social (Brazil)
· North America Region: Manuel Coello, Stanley Works (U.S.)
· Most Innovative Use: José Carlos Cruz Reséndiz & Francisco Labastida Teón, Grupo Bimbo (Argentina)
· Audit Team: Shelley Reimann & Jaki Gerard, City of Phoenix (U.S.)
· Most Promising Novice: Reg Brehaut, Energy Resources Conservation Board (Canada)

Registration for the ACL Connections London event, which will be September 29, is now open at www.aclconnections.com. Presentations from the New York, Chicago and San Francisco events are available for download online.

About ACL Services Ltd.
ACL Services Ltd. is the leading global provider of business assurance technology for audit and compliance professionals. Combining market-leading audit analytics software and professional services expertise, ACL solutions give auditors confidence in the effectiveness of internal controls and the integrity of the transactions underlying business operations.

Since 1987, ACL has enabled auditors to assure sustainable compliance, reduce risk, detect fraud, enhance profitability, and improve business performance. ACL delivers its solutions to more than 215,000 licensed users in over 150 countries through a global network of ACL offices and channel partners. Our customers include 95 percent of Fortune 100 companies, 85 percent of the Fortune 500 and over two-thirds of the Global 500, as well as hundreds of national, state, and local governments, and the Big Four public accounting firms.
www.acl.com

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