Journal Entry Testing: Completely happy or unhappy gaps?
Journal Entry Testing (JET) examines the very basic requirements of accounting, the “Foundations of Accounting”, so to speak. In this blog post, we want to take a closer look at these basic requirements and show how, with SQL in your SAP, you can quickly and easily check whether document numbers are unique and whether they […]
Guest article: Estonia – “Minimalistic Heaven” for Startups and Investors?!
We accompanied this week’s guest contributor, the author and lawyer Jan Schnedler, on his recent trip to Estonia and we would not want to pass over the opportunity of sharing his report on the experience with you. So, today, here’s something a little more exotic for you to think about. Without further ado, it’s over […]
Everybody is talking about it – but we are actually doing it: Journal Entry Testing in SAP
Journal Entry Testing (JET) contains standard analyses for use in auditing and especially in the context of annual audits. JET analyzes the accounting material in the accounts with regard to matters which are of general interest, i.e. those which are not tailored to the specifics of the company: the largest postings, most frequent postings, postings […]
How to use credit memos to break down your liquidity planning
Energy companies that provide reimbursements for the electricity generated by solar systems and wind farms or companies with many suppliers, e.g. those from the automotive sector and in online trading, now make extensive use of credit memos to make their task easier. But what are the potential pitfalls of this? In this article, we show […]
Darkness favors secret dealings, or in other words: Let’s do Journal Entry Testing again!
If an auditor examines his or her accounting data, the keyword often turns out to be: Journal Entry Testing. In addition to the highest, most frequent and most problem-free amounts, one’s attention is most often drawn to: Weekend postings. Of course, you can also detect weekend postings immediately with zap Audit. But this is something […]
Why you should also audit yourself from time to time
For this reason, we now interrupt our usual “broadcast” to point out that you should probably also audit yourself from time to time. For one, the Hasso Plattner Institute (HPI) recently announced the top 10 most used German passwords at the end of last year, while, at the same time, the story currently in the […]
How can I explain what I do to my children?
Have you ever tried to explain to your children or your grandparents how you earn your money as an auditor and what you do at work all day? To make sure you are well prepared for the holiday period, here is an easy-to-follow guide to providing such explanations. If you start by trying to enter […]
New Work in auditing! Is there even any such thing?
“New Work” is not the next term to be picked out for the forthcoming Buzzword Bingo but actually deals with the question of how to work efficiently and innovatively in a digitized world. The majority of Germans tend to react with suspicion, or even take a defensive stance, when it comes to changing work processes […]
What’s what? – A short tour through the world of SAP
You can sometimes overhear some interesting things being said in the corridors at conferences and the terms SAP S/4, SAP HANA and SAP C/4 are often used synonymously. In this article, I will explain not only that there are indeed technological differences between SAP products but also that some of them are actually built on […]
If anyone’s auditing here, then it’s me!
… said the Chief Audit Executive to the QA Auditor who had just appeared in his doorway and announced that he is about to conduct an audit of the internal audit function. Saddle up your horses, Dear Members of the Auditing Community, and prepare to go to war against all those scoundrels who dare try […]