The Challenge
The AES Corporation (AES) is a Fortune 200 global power company that provides affordable, sustainable energy to 20 countries through a diverse portfolio of distribution businesses as well as thermal and renewable generation facilities.
The AES internal audit (IA) group annually conducts a general spreadsheet review of the formulas developed by the business to drive spreadsheet calculations, as well as general security controls governing spreadsheets, including how they are protected and stored. Through discussions with Protiviti, an external consulting firm, the team expressed a desire to change their audit approach to allow for a more granular review of critical spreadsheets. These discussions, coupled with guidance from Protiviti, allowed the IA team at AES to define a project objective of managing potential risks to the organization that may result from input or calculation error.
The AES internal audit (IA) group annually conducts a general spreadsheet review of the formulas developed by the business to drive spreadsheet calculations, as well as general security controls governing spreadsheets, including how they are protected and stored. Through discussions with Protiviti, an external consulting firm, the team expressed a desire to change their audit approach to allow for a more granular review of critical spreadsheets. These discussions, coupled with guidance from Protiviti, allowed the IA team at AES to define a project objective of managing potential risks to the organization that may result from input or calculation error.
Read the case study and find out how Incisive allows AES to:
- Have confidence in their spreadsheet results
- Save the company significant time
- Respond to the business and address risk more quickly
- Provide a more detailed level of analysis.
