Two is always better than one – except when it comes to master data!
Master data controls all business processes. If master data is not maintained correctly, errors are “passed on” to business transactions and something is pretty much guaranteed to go wrong as a result. Similar problems arise if master data in SAP is not unique because duplicate entries exist. This blog post explains what the specific problems […]
It’s Data Science Time: Share your audit challenges with us!
“We interrupt the current program for an important announcement.” When you hear a sentence like that on the radio or television these days, you usually don’t have a very good feeling at first. This time, however, we would ask you to hear us out. Perhaps you have had the impression for some time that your […]
SAP Cybersecurity: How Secure Are Your Passwords?
Cybersecurity is a topic that pretty much everyone is talking about at the moment. The discussion is often aimed at the infrastructure level, i.e. the security of networks and operating systems. However, the application level should not be forgotten either! One of the most important business application systems is often the company’s ERP system, which […]
Continuous Business Monitoring: An Approach to Enterprise Monitoring (Part 2)
Having already presented what Continuous Business Monitoring actually is, the benefits it provides for individual participants and having identified the drivers for its implementation, in this article, I will now present its different components, a procedure for its implementation and some examples of applications. Did you miss the first part of the two-part series? No […]
Continuous Business Monitoring: An Approach to Enterprise Monitoring
The monitoring of companies with regard to the regularity of financial reporting and risks that pose a danger to the ongoing existence of the company is one of the statutory duties of the boards of directors and managing directors of large corporations. The size and complexity of globally operating companies presents management with the problem […]
5 Sales Analytics that help Auditors to Make Real Savings
The audit team is not always the most popular visitor to a department. After all, who likes to be checked up on and told which activities have not been carried out properly? Often topics such as the internal system of control and the compliance of employees within the department are seen as a bureaucratic obstacle. […]
9 Sales Data Analytics that Every Auditor should be Aware of
The auditing of order-to-cash and the order-to-cash process in SAP is one of the main topics in every audit department. In my two-part blog series, I would like to introduce the basics of performing an order-to-cash audit in SAP, starting with the necessary data structure and ending with some of the most interesting data indicators […]
Test your maturity level in Segregation of Duties!
In our last blog post about Segregation of duties (SoD) Management, I introduced several categories for evaluating SoD maturity level. We will now use these categories to test your maturity level. By adopting this approach, you will be able to test your maturity level quickly and easily. Assessing your Segregation of Duties Maturity Level In […]
It’s your (Segregation of) Duty! How well is your company performing when it comes to Segregation of Duties?
Segregation of Duties (also known as Separation of Duties) is a never-ending topic when it comes to ERP systems such as SAP, as segregation of duties is an elementary component of any system of internal control. This blog post will help you to assess how well your business is performing in this area. I would […]
Pass the buck… by all means, but don’t forget to include the VAT IDs of your customers
It is often said that Value Added Tax (VAT) is a transitory item. What people who emphasize this really want to say is the following: that VAT is something that has no influence on the company’s P&L or income and is thus “neutral” … … and that much is true. But only … if you […]