Online sources such as Google, and possibly other resources, such as the ISACA or ACFE or AICPA websites to complete research. ACL is a power computer aided audit tool. Using the points below please use as a guide, write a brief essay regarding ACL.

1) What are the most critical characteristics or functionalities of ACL and why? Choose at lease one characteristic or functionality

2) Do other computer aided audit tools (e.g., Idea) have these characteristics or functionalities?

3) Do spreadsheet programs (e.g., Excel) have these characteristics or functionalities?

4) What does the literature indicate the most critical these characteristics or functionalities of aided audit tools are?

5) Suppose your superior or your client was weighing using only a spreadsheet program versus using a spreadsheet program and ACL in performing an audit for fraud. What would you communicate to them in regard to the benefit - the salient characteristics or functionalities discussed above of ACL?