Treasury Business Cycle - Audit Program and Testing Procedures for SAP R/3

This audit program is designed to help audit, risk and security professionals assess the Treasury business cycle (links into the Financial (FI & CO) module).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 treasury 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 directions on extracting the configurable options & user access reports from the system in support of individual control activities. The purpose of the testing instructions is to enable anyone to execute the tests & evaluate risks and controls in the SAP R/3 environment.

*NOTE* See below for more details. Also, use the "preview" icon below to view a part of the audit program to ensure it's right for you.

Audit Programs

Table of Contents:

The audit program contains 39 tests designed to evaluate adequacy of the key configuration settings, monitoring techniques and access restriction mechanisms to sensitive transactions in SAP R/3 within the following treasury sub-processes:

Borrowing
Controls and testing procedures to ensure that recorded debt and loan repayments are valid, accurately calculated and recorded in the appropriate period:

SAP edits for financial documents (i.e., doc. type, posting keys, tolerance groups, etc.)
Maintaining posting periods in SAP
Monitoring of the loan register for accuracy and ongoing pertinence, and much more.

Managing Cash and Investments
Controls and test steps to ensure that investments represent true assets of organization and that all investment transactions are valid and accurately recorded in the appropriate period:

Maintaining bank accounts in SAP R/3
Access to process electronic or manual bank statements
Lockbox functions for the receipt & processing of incoming payments
Posting incoming payments outside of the lockbox process
Processing incoming checks - posting electronic check deposits & processing incoming checks manually
Access to maintain memo records
SAP edits specific to document number ranges
Positive Pay process controls (set up, monitoring accuracy of file transfers to banks)
Reconciliation of bank statements to SAP postings & to prior day's bank statements
Monitoring recorded investment purchases, sales, maturities of investments, & more.

Monitoring Derivative Transactions
Testing procedures to ensure recorded derivative transactions represent assets or liabilities of the organization & accurately recorded in the financial statements:

Approval of derivative transactions
Monitoring counterparty confirmations for completeness of derivative transactions.

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: $35.00 (Instant Download)