SAP Audit Management


What is Audit Management?

Audit management is an important process for companies looking to stay ahead of external and internal audits, stay compliant, and save time when it comes to auditing. Audit management seeks to correctly implement board-approved audit directives.

What is Audit Management?

Audit management is an important process for companies looking to stay ahead of external and internal audits, stay compliant, and save time when it comes to auditing. Audit management seeks to correctly implement board-approved audit directives.

What is SAP Audit Management?

SAP Audit Management can help ensure company processes around SAP and the data it contains are followed. Struggling to meet audit standards and stay compliant can have major consequences for companies — from external fines to the breakdown of internal processes. Staying on top of audit management requires work and documentation. If done manually, it can be an arduous process with a high potential for error. That’s where companies turn to automation and audit assistant through technology.

Audit management software may include some or all of the following features:

  • Risk evaluation
  • Audit metrics reporting and dashboarding
  • Digitization of audit documents
  • Audit report automation
  • Issues tracking and monitoring

Vendors such as Protiviti and RSM provide audit management solutions that seek to automate much of the audit management process. Additionally, tax-focused vendors such as Vertex have tools that automate compliance, which will ultimately making audits easier through better reporting and fewer issues.

Key Considerations for SAPinsiders:

  • In our recent GRC research, we found rapid changes within compliance and data privacy regulations to be a top driver. However, only about a quarter of companies surveyed said they were looking to grow internal audit as a skillset. This suggests that many companies have what they need for internal audits — if your company does not, you may be falling behind.
  • In that same research, we found audit management to be one of the most used GRC solutions, in place at over half of organizations. Improving GRC automation was a top strategy, while facilitating audit planning and performance was also a top strategy. Leading companies are prioritizing audit planning and performance and looking to automate.
  • Audit your audit planning process. Regulations around data privacy have made major changes in recent years, and regulatory requirements are likely to continue to change more frequently than we’ve seen before. Planning for audits and conducting regular internal audits is important, and you may need to find a way to be more agile to stay compliant. Of course, getting GRC processes streamlined and consistent in the first place will also help audit planning.

19 results

  1. Surviving an SAP Audit — How to Keep the Auditors out of your Hair

    This session will provide tips and practical advice that will enable you to not only survive an SAP audit but do so in a way that keeps your sanity and a smile on your face. You’ll learn about the different types of audits and how these might impact auditor expectations and you will come away…
  2. Audit Preparation

    Reading time: 3 mins

    Preparing for new and potential scenarios, regulations, and risks requires increasingly complex auditing roles. How can you ensure that your organization is prepared for audit and that your internal and external audit teams have everything they need? Sessions in this track will cover best practices and thought leadership to help you understand how to improve…
  3. Webinar: Transforming the Audit with Technology

    Reading time: 1 min

    Industry experts share how cloud technology can increase transparency and improve client-auditor relationships, streamline key audit processes, and limit unplanned costs. Find other insightful content from BlackLine on their Vendor Showcase
  4. Better Manage Enterprise Risk and Streamline Audit Lifecycle Management with SAP Audit Management (Part 2)

    Reading time: 13 mins

    See how SAP Audit Management can help improve the audit execution and follow-up activities while enforcing process control and risk management. This content is for SAPinsider Preferred Access Yearly, SAPinsider Preferred Access Monthly, SAPinsider Premium Access , and SAPinsider Student Access members only.Log In Join Now
  5. Better Manage Enterprise Risk and Streamline Audit Life Cycle Management with SAP Audit Management (Part 1)

    Reading time: 18 mins

    See how SAP Audit Management can help improve the different facets of the internal audit life cycle including audit planning and preparation while enforcing process control and risk management. Key Concept Audit is a process that defines the time, scope, resources, and other attributes for an audit engagement and documents evidence, results, recommendations, and reports…....…
  6. Better Manage Enterprise Risk and Streamline Audit Lifecycle Management with SAP Audit Management (Part 1)

    Reading time: 17 mins

    See how SAP Audit Management can help improve the different facets of the internal audit lifecycle, including audit planning and preparation while enforcing process control and risk management. This content is for SAPinsider Preferred Access Yearly, SAPinsider Preferred Access Monthly, SAPinsider Premium Access , and SAPinsider Student Access members only.Log In Join Now
  7. Drive Risk-Based Auditing in the SAP Audit Management System

    Reading time: 33 mins

    Learn how to configure SAP Audit Management to harness the benefits of risk-based auditing while integrating the system with SAP Process Control and SAP Risk Management. Key Concept SAP Audit Management is part of SAP Assurance and Compliance Software (powered by SAP HANA) that provides enterprises with an end-to-end audit management solution. The product is…...…
  8. Are You Smarter Than an Auditor?

    Reading time: 1 mins

    The following quiz will test your knowledge about SAP risks and controls. It consists of 13 questions, and covers common areas that may be included in an internal audit review of an SAP system, including security, change control, basis settings, and configurable controls. A good internal auditor, specifically one familiar with auditing an SAP system…...…
  9. Electronic Auditing is Coming to Mexico – Are You Prepared?

    Reading time: 3 mins

    In a recent interview with CNN Expansion, Aristoteles Nunez, the head of Mexico’s Tax Administration Services (SAT), stated that the Mexican government will begin deploying electronic audits in the second half of 2016. This is a move the SAT has already been gearing up for over the past few years by moving much of its…