Financial (General Ledger) Accounting - Audit Program & Testing Procedures for SAP R/3

This audit program is designed to help audit, risk and security professionals assess the Financial Accounting business cycle. This audit program will help you identify any inherent risks, minimize exposure to such risks, ensure that necessary controls are in place and operate effectively, and ascertain reliability of the SAP R/3 financial accounting business cycle.

This audit program is based on the latest auditing standards. It contains a comprehensive listing of control objectives and recommended controls to meet the objectives. It also contains detailed testing procedures, rather than generic descriptions of the controls & the tests to be performed. You'll receive step-by-step instructions on extracting the configurable options, user access and other reports from the system in support of individual control activities. The purpose of the testing instructions is to enable anyone to execute the tests in the SAP environment.

*NOTE* Please refer below for more details and to view a part of the audit program to ensure it's right for you.

Audit Programs

Preview SAP Financial Accounting Audit Program

Table of Contents:

The audit program contains 43 tests designed to evaluate the effectiveness of the key configuration settings, monitoring techniques and access restriction mechanisms to sensitive transactions in the in SAP R/3. The audit program covers the following areas and sub-processes in financial accounting:

Organizational Structure & Global Settings
Audit plan and testing guidance to ensure that the FI module has been appropriately configured based on the financial reporting process:

Organizational structures/company code configuration, posting keys
Effectiveness of the available system edits and data validation routines that help avoid errors in financial documents and the G/L master data
Configuration that blocks changes to sensitive data after the documents have been posted
Configuration and access to make changes to the financial statement versions

General Ledger Accounting
Controls to ensure that only valid changes are made to the G/L master files:

Appropriateness of access to maintain G/L master records
Test to ensure that G/L accounts marked for deletion are not available for posting
Assessment of monitoring techniques to ensure the validity of changes to the G/L master data

Controls and testing procedures to ensure that journal entries are authorized and properly recorded:

Appropriateness of access to process journal entries (enter, post, change, clear, etc.)
Key segregation of duties conflicts
Tolerance groups for users with access to process journal entries
Monitoring of parked journals

Audit plan and testing guidance to ensure that periodic processing procedures are adequately controlled to ensure proper completion of all key activities:

Appropriateness of access to modify exchange rates
Monitoring of gaps or other inconsistencies in document number assignment
Compact journal review

Controls and test steps to ensure that period-end procedures are well established and adequately controlled to ensure processing of appropriate period end transactions and the proper completion of all key period end procedures:

Appropriateness of access to open and close posting periods
Appropriateness of access to carry forward GL, AP, and AR balances
Reconciliation of G/L account line items, G/L accounts and external systems (CO, AR, AP, FA)
Monitoring of balances transferred to subsequent accounting periods
Monitoring of the financial statement reports containing the balance sheet & P&L statements

Everything has been conveniently pre-documented with fill-in fields for company-specific information (entity name, date, data extracted from the system, etc.) which will allow you to proceed with your assessment immediately.

Please click here to view a part of the audit program to ensure it's right for you.

Price: $45.00 (Instant Download)