Download Auditing and GRC automation in SAP by Maxim Chuprunov PDF
By Maxim Chuprunov
Over the previous couple of years, financial plan scandals, circumstances of fraud and corruption, info defense violations, and different felony violations have resulted in a variety of legal responsibility instances, damages claims, and losses of recognition. As a response to those advancements, a number of rules were issued: company Governance, the Sarbanes-Oxley Act, IFRS, Basel II and III, Solvency II and BilMoG, to call quite a few. during this ebook, compliance is known because the strategy, mapped not just in an inner keep watch over approach, that's meant to assure conformity with felony standards but in addition with inner rules and company pursuits (in specific, potency and profitability).
The present literature essentially confines itself to mapping controls in SAP ERP and auditing SAP structures. Maxim Chuprunov not just addresses this topic yet extends the purpose of inner controls from felony compliance to incorporate potency and profitability after which way past, simply because a easy realizing of the strategies interested by IT-supported compliance administration procedures will not be added besides the software program. beginning with the necessities for compliance (Part I), he not just solutions compliance-relevant questions within the type of an audit advisor for an SAP ERP procedure and within the type of dangers and regulate descriptions (Part II), but additionally indicates how you can automate the compliance administration method in line with SAP GRC (Part III). He therefore addresses the present want for strategies for imposing an built-in GRC method in a company, particularly targeting the continual keep an eye on tracking issues.
Maxim Chuprunov almost always goals compliance specialists, auditors, SAP venture managers and experts accountable for GRC items as readers for his publication. they're going to locate necessary info for his or her day-by-day paintings from the 1st to the final web page. moreover, MBA, administration details approach scholars in addition to senior managers like CIOs and CFOs will discover a wealth of invaluable details on compliance within the SAP ERP surroundings, on GRC normally and its implementation in particular.
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Additional resources for Auditing and GRC automation in SAP
One of the requirements of KonTraG is that the executive board has to take appropriate measures, in particular, set up a monitoring system, so that developments that endanger the progress of the company are detected early. The Act also states that an auditor must address, in a speciﬁc part of the audit report, whether measures are required to improve the internal monitoring system. code_id=49): during the ﬁnancial statement audit for listed companies, the auditor must also assess whether the executive board has set up a monitoring or risk early warning system as part of risk management, and whether this risk early warning system can fulﬁll its tasks.
This legal concept has been ﬁlled out with practical examples and by the actions of prudent business people, as well as through the legal system, decrees, recommendations, and expertise of authorities and associations and through scientiﬁc discussion. In an international comparison, similar references to GAAP (Generally Accepted Accounting Principles) are found: in American law (US GAAP), in the IFRS environment (IFRS = International Financial Reporting Standards), and in the International Accounting Standards (IAS).
In contrast to BSC, classic performance measurement system (such as the DuPont model) generally use ﬁnancial indicators to assign various cause-eﬀect relationships. The most well known performance measurement system is based on the calculation of the return on investment (ROI). The ROI is determined from the product of the key ﬁgures sales proﬁtability and capital turnover. We have no intention of reinventing the wheel in this book; we merely wish to show that there are several existing terms and models that represent the basic concept that you can monitor business performance as part of an integrated approach and detect “unfavorable” developments early.