Module 2: Test your knowledge

Q1. Why might we want to automate internal control tests as much as possible? – multiple choice (Hint: have a look at the first video of Module 2 for the correct answer)

To save time.

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Because it is easy in Excel to make filters and pivot tables to review data samples.

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To be able to repeat internal control tests for similar environments

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To be more accurate in our work.

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To get better coverage because we can review an entire population with an automate program.

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Q2. When we are using automation- can we also import the data automatically? (Hint: have a look at section Automatically running internal control tests for the correct answer)

Yes, we can also import data automatically into ACL and run the data analtyics for the internal controls automatically.

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No, we first have to get the data into the tool before we can use automation.

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Q3. If data is not structured (for example it is in the form of till receipts) why might we want to convert that into a table format? (Hint: have a look at section Automatically importing data files to ACL for the correct answer)

Because then we can run queries and look at trends, for example, volume of cancellations per cashier.

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Because then we can take a sample of till receipts for internal control review.

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Q4. What is an accounting scheme? (Hint: have a look at section Automatically analyzing accounting schemes for the correct answer)

An accounting scheme is the list of accounts on debit and the list of accounts on credit for a particular journal entry posting.

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An accounting scheme is a fraud scheme whereby unauthorized journal entries are accounted for.

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Q5. Why might a journal entry that debits sundry cost and credits bank be of interest? (Hint: have a look at section Example program to analyze journal entries for the correct answer)

Because it means that money is leaving the bank, but that we do not know the reason for the payment, since it is not cleared to a third-party account for which there was an invoice/ credit note/ expense claim, etc.

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Because it means that money is coming into the bank but we do not know where from.

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Q6. Why might we want to convert our general ledger from many lines per journal entry to just one line per journal entry? (Hint: have a look at section Example program to analyze journal entries for the correct answer)

Because it is easier to filter on accounting schemes that are unusual or unexpected compared to the guidelines.

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Because then we can see the total value of debit and credit per journal entry.

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Q7. If the debit is equal to credit for the journal entry what does this mean? (Hint: have a look at section Example program to analyze journal entries for the correct answer)

It means that the journal entry is normal and that we are not missing any lines for one particular journal entry.

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It means that the net impact of the journal entry is 0, so therefore, we should not choose these journal entries in our sampling.

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Q8. Why might we want to create a script that runs all of our internal control tests? (Hint: have a look at section Running all of our tests for the correct answer)

To save time.

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To ensure that our internal control tests run in the correct order.

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Q9. What other type of automation does ACL GRC help us to achieve? – multiple choice (Hint: have a look at section Using ACL GRC to automate internal control tasks for the correct answer)

With ACL GRC, we can have triggers to automatically send an email to a member of staff who can then review the results of a data analytic.

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ACL GRC helps us to automatically create the internal control plan.

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ACL GRC helps us to automatically incorporate the email response into an internal control workflow.

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ACL GRC enables us to summarize the responses from the business on a storyboard for monitoring purposes.

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ACL GRC helps us to be able to schedule the running of tasks, including importing data, running analytics and pushing results to internal control frameworks.

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Q10. What task would you use a Robot for in ACL GRC? (Hint: have a look at section Using ACL GRC to automate internal control tasks for the correct answer)

A robot can be used to schedule an internal control analytic to run at a particular date, or every day, every week, etc.

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A robot can be used to clean-up the source data files.

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Module 2: Test your knowledge

Module 2: Test your knowledge

admin June 9, 2026

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