Benefit one: Business process improvement
One byproduct of implementing strong internal controls is business process improvement. When companies start to take a close look at their business processes and document, measure, and monitor them, they can make them more efficient and streamlined. It gives companies a chance to examine their processes closely and ask themselves probing [...]
Popularity: 19% [?]
What if you have a small branch office and just one accounting clerk? What if you have year-end closing and need to grant exceptional access to the system?
Remember the master key? The key supervisor hands it out to someone who needs it desperately, and never gets it back. The people who receive these special keys [...]
Popularity: 12% [?]
1. Increased shareholder value:
A properly functioning and documented governing framework can provide corporate leaders with an increased sense of security as they reflect on the efforts they are making toward managing compliance and risk issues. Governance can also provide reassurance to those outside of the company by demonstrating the organization’s capacity for understanding the need [...]
Popularity: 7% [?]
Checklist and Step by Step template for SAP Governance Risk Control Implementation Toolkit
1. Document the control environment. What are you doing? What are your processes? Where are the risks?
2. Test: Implement the process and access controls needed to address the risks identified.
3. Remediate: Resolve exceptions found by the controls.
4. Analyze: Use the information gathered to [...]
Popularity: 15% [?]
2 Security and access protection
2.1 Objective
An access protection system and the ability to grant individual authorizations basically serves four purposes:
- To protect confidential data against unauthorized disclosure
- To protect the data against unauthorized, but also against unintentional, changes or deletion
- To facilitate the transparency of the procedures by tracing exactly who did what in the [...]
Popularity: 31% [?]