ERP Internal Controls and ERP Systems Flow Chart

This control is directly related to the accuracy transaction-related audit objective for sales. The auditor might test the effectiveness of this control by examining a sample of duplicate sales invoices for the clerk’s initials indicating that the unit selling price was verified.

ERP (Enterprise Resource Planning) software system aims in integrating the vital functions of an enterprise leading to a better communication and flow of data through the different units of an enterprise, regardless of their geographical locations. A standard ERP system constitutes of a software component, hardware infrastructure and a process documentation component. An ERP package integrates several functions like production, finance and accounts, supply chain management, asset management, logistics and many more. Different types of ERP software are available in the market catering to the needs of all types of business and corporate houses. Large global organizations require complex ERP package to support more

Dentistar, Inc. was formed in 1985 to provide dental and orthodontic services to subscribers of their prepaid dental plans. This report examines the western region’s office, located in Los Angeles, and its issuance of excessive manual checks that resulted in multiple bank overdrafts. Results indicate that only minimal efforts have been made for internal control measures in this office and companywide, and that weaknesses have allowed the Finance Coordinator to embezzle funds. There are many issues to be addressed, and several remedial actions to be taken to prevent these types of losses going forward.

1. Cisco suffered from inertia when an attempt was made to engage business management in selecting software for their individual areas, and/or agreeing to participate in the ERP implementation project. List and explain reasons why management would hesitate to become engaged in the IT process/project.

c. Trace the check number and amount of outstanding items – Occurrence, Completeness, & Accuracy (AU-C 315.A114 a.i-iii)

I completed the Internal Control Program requirements for the International Affairs Foreign Military Sales D/NGA FY16 Statement of Assurance to the Secretary of Defense. This assessment tests the effectiveness of mission-essential processes and key internal control activities, to identify areas of risk associated with foreign military sales work procedures. Further, I reviewed and completed a process document detailing the high level process flows and narratives for the NGA Foreign Military Sales program. This document is critical in showing internal auditors the program has healthy operational and financial manual and systemic controls that are in alignment with Defense Security Cooperation Agency policy. It also ensures International Affairs

When the products are received at the receiving dock, a receiving clerk counts and inspects them. The clerk adds a record to the Receiving Report file from the terminal in the receiving area. The system assigns a unique key (RR Num) to each record. The clerk manually enters the purchase order number, product number(s), quantity received, vendor ID number, and the date of receipt. The receiving system is not particularly user friendly. If errors are made during data entry, the clerk must void the receiving report and begin over with a new receiving report record. The voided record is then automatically purged from the Receiving Report file and

Enterprise Resources Planning (ERP) is the core system of any company. In order to facilitate all departments in a manner to improve issues, there are a few things that must be meet to successfully utilize a software system such as ERP. This allows any member within the company to access a single and centralized data source with information regarding products, services, customers and suppliers (Sadrzadehrafiei, Chofreh, Hosseini, & Sulaiman, 2013). The ability to share and access one software benefits the company to improve in areas such as sales and marketing, customer satisfaction, human resources, operations, and more. In addition, business intelligence tools such as ERP systems provide the techniques and solutions managers need to analyze and understand complex business situations, and simplify decision making processes that is of crucial importance during times of financial and economic crisis (Antoniadis, Tsiakiris, & Tsopogloy, S. 2015). This paper explores the definition and functions of an ERP system and the successes and costs of implementation.

Analyzing Enterprise Resource Planning system implementation success factors in the Engineering-Procurement Construction & Commissioning Industry

Riordan Manufacturing Inc. is a global plastics manufacturer that was founded in 1991 and employs 550 people. They have since expanded to three locations in the U.S. and one in China. Due to these expansions the company is now experiencing communication and processing issues. Each system needs to be connected to the others in order to improve the tracking and productivity as well as communication between systems. We have been asked to develop a plan to implement a system to connect all of the people and locations into one enterprise system that will give the company access to information from any location at any time. This document covers our

A user who logs in to the computer-based accounting system to enter invoices should also have access to the portion of the system that would allow her / him to order goods.

There is a loss of Orders due to incorrect entries in sales database as results of human error.

ERP have been generally oriented towards big companies, however, recently ERP designers are looking for extending the market. Therefore, they are taking into consideration the PYMES sector and they are using successful strategies to catch that market, as for example the developing of systems with some of the following characteristics:

Although (Newman,2000) suggest that with the implementation of ERP has been successful in business industry rather than universities because universities have distinctive structure and decision making process. Hence, with the implementation of ERP it deliberately affect organizational structure. For instance now universities have consider “education as a business and students as a customer”(Tsichritiz,1999). However with the implementation of ERP panic the academics for use of advanced technology affect in accelerating the clearness of transaction . on the contrary staff horror about their job (Allen,2002).

This control is partially a response to the use of an inadequate POS system in use at the location. Management reviews the transactions in the system to ensure that the transactions have occurred. The system is also reviewed to ensure that the inventory recorded on the system exists. The POS system helps keep track of all cost of goods sold and revenues. We have assessed that the level of risk related to this control is high due to the outdated nature of the system being used. This control mitigates the risk of inaccuracy in the system’s figures for financial statements. This control improves the completeness and occurrence assertions for the financial statements.