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  • Structure
  • Schedule
    • First Half of the Semester
      • Week 1: Introduction
      • Week 2: Business Process; Assertions
      • Week 3: Fraud, P2P Controls
      • Week 4: OTC Process, Types of Controls
      • Week 5: Inventory & Shipping Controls
      • Week 6: Invoicing & Collection Controls
      • Week 7: IT vs. SAP Controls, Security 1
    • Second Half of the Semester
      • Week 8: Security: Roles, Finance Process & Controls
      • Week 9: Security: User Management, Segregation of Duties
      • Week 10: Data, SOD/SAT Review
      • Week 11: Change Management, Development
      • Week 12: Auditing, Table Security, Risk / Control Framework
      • Week 13: SAP Futures, Special System Access (updated Nov 30)
      • Week 14: Character vs. Controls
  • Assignments
    • Exercise 1: Procure to Pay
    • Exercise 2: Order to Cash
    • Exercise 3: Journal Entries
    • Exercise 4: Segregation of Duties (SOD)
    • Final Exercise: Risk-Controls Framework
    • Extra Credit Assignment
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Auditing Controls in ERP Systems

ERP Systems

Week 06: Invoicing & Collection Controls

Week 6 Questions

October 4, 2016 by Edward N Beaver 126 Comments

  1. Assume you’re an outside organization with goal to cause negative things to happen to an organization’s Order to Cash (OTC) process.  Where would you attack it?  Explain Why and How
  2. Who in an organization should care more about the collections process – Finance or Sales?  Explain 
  3. Controls are important in all the OTC processes including invoicing and collections.  What would be different in the controls of a purely domestic US company vs. an international company?  Give 1 – 2 specific examples.
  4. You’ve now seen the entire Order to Cash (OTC) Process.  If you were responsible for the controls of this process – what would keep you up at night (e.g. be your area of most concern)?  Explain 

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Weekly Discussions

  • Assignments (11)
  • Exams (5)
  • General (6)
  • Real World Control Failure Presentations (27)
  • Week 01: Introduction (4)
  • Week 02: Business Process; Assertions (4)
  • Week 03: Fraud, P2P Controls (2)
  • Week 04: OTC Process, Types of Controls (3)
  • Week 05: Inventory & Shipping Controls (3)
  • Week 06: Invoicing & Collection Controls (1)
  • Week 07: General IT vs. SAP Controls, Security 1 (3)
  • Week 08: Security 2, Finance 2 (2)
  • Week 09: Security: User Mgmt, Segregation of Duties (2)
  • Week 10: Data; SOD/SAT Review (2)
  • Week 11: Change Management, Development (3)
  • Week 12: Table Security, Control Framework (2)
  • Week 13: SAP Futures, Special System Access (2)
  • Week 14: Character vs. Controls (4)

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