Fixed Assets (Asset 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 Asset Accounting business cycle (links into the Financial (AM, FI, CO) & the Logistics (MM, PP) modules). 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 asset 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 Asset Accounting Audit Program

The audit program contains 32 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 asset accounting sub-processes:

Managing fixed assets in SAP R/3
Acquiring and disposing of fixed assets
Maintaining fixed asset register and/or master file
Depreciating assets in SAP R/3, managing the chart of depreciation
Maintaining posting periods, and much more.

Highlights of the access controls covered in the audit program:

Access to maintain fixed asset master data (create, change, block, delete) (AS01, AS02, AS05, AS06)
Access to acquire assets in SAP R/3 - acquire from in-house production, acquire from purchase with vendor, acquire from affiliated company, etc. (ABZE, ABZK, F-90, ABZV, ABZP, etc.)
Access to maintain asset groups (create, change, block, delete) (AS21, AS22, AS25, AS26)
Access to open and close posting periods (OB52, S_ALR_87003642)
Access to asset write-up and access to manually depreciate assets in SAP R/3 (ABZU, ABZS, ABMA)
Access to execute depreciation runs/ post depreciation (AFAB, AFABN, SM35)
Access to maintain chart of depreciation (OAP1, OAP2)
Access to initiate disposal/ retire fixed assets - retire by scrapping, with revenue (asset sale), retire with cost (ABAVN, ABAV, ABAON, ABAO, ABAD, ABANK, AR31).

Highlights of the configurable controls covered in the audit program:

Configuration of asset classes
Assignment of depreciation asset life to assets classes
Adequacy of depreciation keys defined in the system and their assignment to the asset classes.

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: $30.00 (Instant Download)