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Audit Programs

Table of Contents:

This SAP audit program contains 64 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 control framework covers the following components of the inventory management process:

Managing Inventory
SAP audit plan to ensure that inventory is salable or usable and that adjustments to inventory prices or quantities are valid, recorded accurately, timely and in the appropriate period:
  • Monitoring procedures for slow-turnover inventory
  • Monitoring changes to inventory prices & quantities
  • Access to maintain work centers in SAP R/3
  • Access to input physical inventory counts
  • Access to maintain material master posting periods

Receiving and Storing Raw Materials and Purchased Inventory

SAP audit program and testing procedures to ensure that purchased inventory (including raw materials) represent materials acquired by the entity, recorded accurately, timely and in the appropriate period:
  • Monitoring changes to goods received
  • Access to maintain goods received 
  • The Goods receipt/Invoice receipt
  • Access to settle POs using Evaluated Receipt Settlement functionality

Requisitioning Materials, Producing & Costing Inventory

SAP audit plan and testing procedures to ensure that transfers of raw materials to production are appropriately recorded and that production costs are consistent with actual expenses associated with production:
  • Access to maintain Bill of material
  • Monitoring inventory in transit
  • Goods issue & posting transfers between plants
  • Monitoring costs associated with process and production orders

Handling Finished Products

SAP audit plan to ensure that finished goods are appropriately recorded:
  • SAP R/3 edits and validates input data for goods received 
  • Reconciliation of inventory counts to the inventory records & to quantities recorded in the G/L

Shipping Finished Products

SAP audit guidance to ensure that shipments are appropriately recorded:
  • Access to maintain sales orders, inquiries, quotations, contracts, scheduling agreements, delivery & billing documents
  • Monitoring incomplete & blocked sales orders
  • Configuration of valuation areas, valuation classes, chart of accounts, & assignment of the G/L accounts

Maintaining Inventory Master File

SAP audit guidance to ensure that only valid changes are made to the inventory management master file:
  • Access to maintain material master file
  • Segregation/separation of duties within SAP R/3 inventory functions
  • Monitoring procedures to ensure accuracy, completeness, and validity of the material master data, and much more.

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 view an excerpt from the audit program to ensure it's right for you.

Price: $60.00 (Instant Download)


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