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  • About
  • Syllabus
  • 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
      • Week 14: Character vs. Controls
  • Assignments
    • SAP GUI Installation
    • 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
  • Roster / Schedule / Teams
  • Gradebook

Auditing Controls in ERP Systems - 2018

Auditing Controls in ERP Systems - 2018

Xinteng Chen

Week 4 Questions

September 13, 2018 by Xinteng Chen 70 Comments

  1. As customers we experience various company’s order to cash process (OTC) whenever we buy something.  Which company do you believe has a ‘great’ OTC process?   Why? 
  2. Which portion of the Order to Cash (OTC) process do they see as the most vulnerable to theft, fraud or failure of some kind? Explain.
  3. Who in a company should be responsible for the controls of that company’s Order to Cash (OTC) Process?  Why?
  4. What key (1-2) competencies does the person responsible in a company for the Order to Cash (OTC) need to have?  Why?

Week 3 Questions

September 6, 2018 by Xinteng Chen 82 Comments

  1. The concept of ‘Assertions’ is important to accountants.  Who else is it important to?  Why?
  2. In class we discussed several dimensions of Management Assertions.  Which do you believe is the most important?  Why?
  3. Have you ever:
    – Been victim of Fraud?
    – Had evidence of, suspicions of fraud occurring?
    – Been pressured (e.g. by an employer) to commit an act that was morally or legally questionable?
     Explain
  4. Which portion / step of the Procure to Pay process do they see as the most vulnerable to theft, fraud or failure of some kind?  Explain

What Youll Learn How to Succeed

August 26, 2018 by Xinteng Chen Leave a Comment

Attacheddocument contains feedback from prior classes on these questions:

Why Should I Take this Course? (What Key Things will I Learn?)
What Should I do to Assure Getting a Good Grade in this Course?
Note: Items I heard more often are bolded and made larger (larger means more commonly shared).

 

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Weekly Discussions

  • Assignments (11)
  • Exams (7)
  • General (5)
  • Real World Control Failure Presentations (3)
  • Week 01: Introduction (2)
  • 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 (2)
  • Week 08: Security 2, Finance 2 (3)
  • 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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