Develop an Effective SAP Automated Controls Benchmarking Strategy

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Key Takeaways

⇨ Automated controls benchmarking, as outlined in PCAOB AS 2201, can help organizations reduce internal and external audit efforts while maintaining compliance with internal control requirements.

⇨ A well-designed internal control framework should include entity-level controls, IT general controls, and business process controls, with a balance of manual, automated, and semi-automated controls.

⇨ Re-baselining automated controls every three years, or in response to significant configuration changes, can lead to significant time savings in subsequent years of SOX testing and monitoring.

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