Thanks, in part, to the fallout from the financial scandals of Enron, WorldCom, Tyco and others, the corporate spotlight is being refocused on the audit function. However, by waiting until systems are live and in production before applying an audit regimen, you may miss an excellent opportunity to establish effective controls at the outset, when the enterprise software is being implemented. Read on to learn where and how, as an executive sponsor, project manager, or team member, you can instill audit procedures that can continue throughout the life of the software.
(ERP), supply chain management (SCM), and warehouse management systems (WMS) software, the need for adequate and substantial controls is even more apparent. This two-part article looks at four key segments of an enterprise software implementation, with timely emphasis on SOX, and suggests audit procedures, controls, and processes that should be typified, observed, tested, and reported upon. These segments include: Project Planning and Management Documentation and Reporting Software Piloting Data