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Anthony Lucas posted a new activity comment 7 years, 5 months ago
quiz 1 74%
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Anthony Lucas posted a new activity comment 7 years, 8 months ago
While each type of auditor has its own flaws, I believe that the lazy auditor is the worst type and would have the biggest impact on the auditee. The lazy auditor does not have the desire or motivation to perform due diligence on the organization being audited and would, as mentioned by Dr. Gelbstein, focus on the low-risk topics and poor or…[Read more]
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Anthony Lucas posted a new activity comment 7 years, 8 months ago
The millennial generation is without a doubt the most technologically savvy group to date, and are connected in ways only dreamt of by the Nintendo generation. It is also believed that they are somewhat disconnected on the verbal communication front often preferring to text or post status’ on social media, straying from the experiences and e…[Read more]
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Anthony Lucas posted a new activity comment 7 years, 8 months ago
In order to adjust and apply the rapidly changing dynamic and applications of technology there has to be a base knowledge in order to understand the implications and impact changing tech may in a particular industry. While technologies impact on an enterprise in ultimately the final result of its development and application, I believe that…[Read more]
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Anthony Lucas's profile was updated 7 years, 10 months ago
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Anthony Lucas's profile was updated 8 years ago
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Anthony Lucas commented on the post, 100 Second Reflection – Week 11, on the site 8 years, 6 months ago
Over the past few weeks we have discussed the importance of maintaining the integrity of data through the use of SOD and user management to keep the user roles documented and up to date. This concept integrates with the migration of data from one system to another, by ensuring that the data is complete and accurate. Data can be corrupted or…[Read more]
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Anthony Lucas commented on the post, 100 Second Reflection – Week 8, on the site 8 years, 6 months ago
Over the last two weeks, we have learned some of the security aspects of SAP. SAP allows authorizations to be set to match the roles of the users. With the permissions set in SAP this will allow protection of transactions and programs from unauthorized users. In order to gain authorized access, the users ID in the master record will contain all…[Read more]
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Anthony Lucas commented on the post, 100 Second Reflection – Week 6, on the site 8 years, 7 months ago
From the slide presentation there is the concept of dunning in SAP. Dunning is a customizable function in SAP that generates a reminder to the customer or vendor to make payment on outstanding invoices, similar to a collection or past due notice. It typically consists of a letter that summarizes the invoices that are past due and politely requests…[Read more]
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Anthony Lucas posted a new activity comment 8 years, 8 months ago
This week I learned more about the order to cash process of SAP and the extensive use of controls that are in place to mitigate the potential risks. Some of the more common risk include the creation of fake customers, unauthorized rebates, discounts and unauthorized pricing. Most of the controls used in the process require a segregation of the…[Read more]
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Anthony Lucas posted a new activity comment 8 years, 8 months ago
This week I learned more about the order to cash process of SAP and the extensive use of controls that are in place to mitigate the potential risks. Some of the more common risk include the creation of fake customers, unauthorized rebates, discounts and unauthorized pricing. Most of the controls used in the process require a segregation of the…[Read more]
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Anthony Lucas posted a new activity comment 8 years, 8 months ago
Some of the key points I learned over the past two weeks have to do with controls and the ordering and payment process. The ordering and payment process is more complex than just paying for an order, there is a set of controls that must be maintained in order to guarantee that the proper amounts of both inventory and cash are accepted. In order…[Read more]
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Anthony Lucas posted a new activity comment 8 years, 9 months ago
The business process to bring the finished product to the consumer consists involves more than just taking orders, payment and shipping a finished product to the consumer. It is an intricate series of events each containing their own processes to combine and create the business process. Some of the key takeaways from this week are
1. there is a…[Read more] -
Anthony Lucas's profile was updated 9 years ago
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Anthony Lucas changed their profile picture 9 years, 1 month ago
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Anthony Lucas's profile was updated 9 years, 1 month ago