CHECKIST FOR AN SAP AUDIT

 

 SAP AUDIT

Systems Application Products in Data Processing (SAP) audit means checking of a company’s corporate information system to ensure security systems and access to customer and company data. SAP Audit is an audit of a computer system from SAP to check its security and data integrity. It ensures that it has not been tampered with or compromised in any way. Corporates with a large customer base or operating across multiple currencies are vulnerable to unauthorized entities trying to gain access to sensitive information contained in a computer. An SAP audit checklist provides a systematic method of protecting a company’s proprietary data.

Security Audit

Security audit is a comprehensive assessment of your organization’s information system. Security audits are procedures that allow an auditor to view a single transaction as it interconnects across a range of interrelated applications. It will help protect critical data, identify security loopholes, create new security policies and track the effectiveness of security strategies SAP managers and internal auditors use security audits to search for fraudulent transactions, discover failures in internal control system and access violations. Other security concerns that auditors search for are unauthorized customer profile changes and unauthorized changes to master data files. SAP internal security audit systems automatically detects those transactions that violate security protection protocols.

ERP Audit

Enterprise Resource Planning systems are integrated programs that maintain all of a business’s transaction in a single data base. ERP software can integrate all of the processes needed to run a company. ERP audits must be undertaken with great care as auditors will have access to financial accounting records, human resource records and management data. Invalid or fraudulent data entered at one point can affect the accuracy of data across the system. ERP audits assess risks to the integrity of proprietary business data as it is accessed by multiple users across the company.

Regulatory Audit

Regulatory audits evaluate and check whether a business is complying with state and federal regulations governing the privacy of information stored in the company’s computer systems. It aims to verify that a project is compliant with regulations and standards. Just because certain audits are required by law does not mean that they should only be seen as a matter of routine.  Businesses that operate in the international marketplace are also required to comply with any applicable international business and privacy regulations. Businesses must ensure that SAP systems protect the privacy of consumer information, the privacy of human resources information and the privacy of proprietary business information. 

Sarbanes-Oxley Compliance Audit

The Sarbanes-Oxley Act came into effect in 2002 and requires organizations large and small to ensure sufficient internal controls are in place to protect from fraud and other illegal financial activity. The Sarbanes Oxley Act requires all financial reports to include an Internal Controls Report. Corporate officials and directors must annually certify that company internal controls are sufficient to prevent fraudulent financial reporting and the processes involved in creating them. An audit will evaluate whether sufficient internal controls have been built into the company’s SAP and ERP systems to ensure SOX reporting requirements are being met.