When introducing what are termed ERP (enterprise resource planning) systems, the functionality of the system is the focus of the implementation project. Put simply, "it has to work"! However, this point of view frequently harbors risks arising when the introduced system is used, because you are reliant on the data from your system.
What matters to you is the integrity and reliability of this data, both as a basis of commercial decisions (management information) and also because your ERP system has to satisfy the requirements regarding a proper and secure bookkeeping system from an accounting perspective.
As a manufacturer-independent auditing firm, IT AUDIT has highly qualified specialists and many years of audit expertise, including in the SAP and Dynamics AX/NAV environment.
Using our ERP RiskCheck we can let you know whether you can rely on your system data for standardized procedures with a fixed order budget. During the ERP RiskCheck we analyze the following areas of the respective financial accounting module of your ERP application within your specific system installation (example): Permissions management Organization and documentation within financial accounting Selected critical permissions concepts Master data maintenance; Process and system controls for postings Payment transactions Periodic activities (incl. harmonization and control)
The outcomes of our audit in the specified areas tell you whether you are complying with the requirements under the Generally Accepted Principles of IT-based Accounting Systems (GoBS) or the requirements set out in IDW RS FAIT 1. You will also learn whether you are using the internal system controls of your ERP application to the full and how you can control the risks e.g. in payment transactions.
Additionally, we support you in generating reliable data for monthly, quarterly, and annual financial statements and also in creating reliable and comprehensible payroll results.
Three to ten person days are estimated for the ERP RiskCheck, depending on the size of the company and complexity of the applications deployed. The level of the additional cost of follow-up activities (e.g. project-supporting audit of the implementation of measures) is dependent on the findings identified and will be agreed for each individual case.