Financial Accounting 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 Financial Accounting 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 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 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

Preview SAP Financial Accounting Audit Program

The audit program contains 56 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 financial accounting sub-processes:

Setting up the chart of accounts, company codes, cost elements & cost centers
Processing journal entries
Preparing financial statements
Maintaining documents - defining document types, number ranges, change rules, posting
Maintaining tolerance groups, tolerance limit configuration settings
Maintaining fiscal year variants, opening and closing posting periods, and much more.

Highlights of the access controls covered in the audit program:

Access to maintain FI GL Chart of Accounts - create, change, block, delete master records (FS01, FS02, FS00, FS05, FS06, FSP0 or FSP1, FSP2, FSP5, FSP6, etc.)
Access to maintain Company Codes (FS00, FSS2, etc.), Cost Elements (KA01, KA02, etc.), and Cost Centers (KS01, KS02, KS12, KCH5, etc.)
Access to post documents or reverse postings (F-02, F-21, F-42, FB01 or FBR2, FB05, FB11, FB21, FB50, FBV0 or FBVB, FBR1, F.81, FB08, F.80, FBRA, etc.)
Access to change documents, change line items, clear G/L accounts (FB02, FB09, FBL4, F-03, FB1S, etc.)
Access to maintain parked documents (FBV1, FBV2, or FBV4, etc.)
Access to maintain recurring entries (FBD1 and FBD2, F.14, F.56, etc.)
Access to maintain central exchange rate table, TCURR (OB08, S_BCE_68000174, etc.)
Access to open and close posting periods, access to carry forward the balance to next year (OB52 OR S_ALR_87003642, F.16), and more.

Highlights of the configurable controls covered in the audit program:

Configuration of the system edits and validations specific to: document types, document number ranges, document change rules, posting, posting keys, tolerance groups, etc.
Configuration of the foreign exchange differences accounts, rounding units and foreign currency ratios
Configuration of the fiscal year variants
Configuration of the inter-company receivable / payable clearing accounts
Configuration of the retained earnings account structure in SAP
Configuration of the company code, business areas, and 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 click here to view a part of the audit program to ensure it's right for you.

Price: $45.00 (Instant Download)