Mitigating Risks by Moving on from Manual Controls Monitoring

890 results

  1. Configure and Implement the Proper Internal Controls Up Front for an Easier Audit

    Having to go back and change your SAP system or your related business processes to deal with audit concerns takes time away from your daily operations and results in unnecessary distractions. By configuring your SAP system appropriately and designing your related business processes to effectively address your business risks, you can save significant effort. This...…

  2. Sarbanes–Oxley: Seven Steps to Ensure Your Internal Controls Cover Your Risk

    As the deadlines approach, does your SAP financials team have a plan in place for compliance with the Sarbanes–Oxley Act (SOA) of 2002? No? That’s not unusual, as many companies are struggling to learn what system and process changes the Act will require. But where do you begin this learning process? The author provides a...…

  3. Internal Controls: The Journey from Compliance to Risk Management

    See how to make compliance more operational with a more preventative, integrated approach that emphasizes risk management over compliance. By embedding more controls into this approach, your organization achieves greater efficiency and lower compliance testing costs than in the more manual report and review model that many companies use. Key Concept The Sarbanes-Oxley Act prompted...…

  4. Tighten internal controls with CCM: SAP GRC Forum with Carlos Jaimes & Marc Jackson

    Where does automation of internal controls make sense, and how can you integrate controls monitoring into your finance and other SAP ERP processes? Carlos Jaimes and Marc Jackson of Turnkey Consulting took questions in a recent GRC forum on Continuous Controls Monitoring (CCM), SAP Process Control, and options for reporting and automation, moderated by Matt…

  5. Build a Dashboard for Management of Internal Controls

    Managers often struggle with the timely availability of compliance-related data and the way the information is visualized for analysis and presentation purposes. You can eliminate these problems by following a four-step process to build a management dashboard for SAP’s Management of Internal Controls (MIC) application. You can also use this procedure to build dashboards for...…

  6. Create a Control Dashboard to Monitor Your Internal Controls

    It is vital to track user exits to ensure the financial transparency of your company. The author introduces a programmable “control dashboard” that will enable you to recognize, document, and help audit the user exits in your company’s system. How many user exits are working in your R/3 environment? What is the objective of a...…

  7. Using an SAP Internal Controls Maturity Model to Optimize Your SAP System and Supporting Processes

    Attend this webinar to: Be able to describe why most organizations are operating in a sub-optimal SAP internal control state Understand where your organization currently sits on an SAP Internal Control Maturity Model Identify your organization’s desired state on an SAP Internal Control Maturity Model Have a framework for articulating why moving to a higher…

  8. Panel | How automation and intelligence can be applied to Process Control or Internal Controls

    Automating controls within SAP Process Controls is becoming more and more of a “must” than a “want” for organizations in terms of risk identification and transparency. SAP Process Control can perform both semi- and fully automated testing of controls that range from application controls (value checks, blank checks, change log checks) to master data controls…

  9. 8 Steps to Document Controls for Sarbanes-Oxley Compliance

    As an operational specialist, you might not have as much experience documenting internal controls as your counterparts in finance. The author of this article provides a step-by-step approach for the operational side of the business and explains the differences among the different types of controls. Public companies registered with the Securities and Exchange Commission (SEC)...…

  10. Avoid Audit Problems by Building Controls as Part of Your Implementation Life Cycle

    /GRCTo have an efficient and effective control design process, certain risk and control activities need to occur during the implementation process. These activities reduce the potential for audit issues and minimize future rework. By following this strategy you significantly increase the likelihood of having a successful implementation and a pain-free audit. Key Concept Controls are...…