ERP Cloud: The One Configuration that Could Undermine your Journal Entry Control Design

12 May ERP Cloud: The One Configuration that Could Undermine your Journal Entry Control Design

Posted at 17:56h in ERP Cloud by

Perhaps the most important control organizations implement is the control related to the review and approval of journal entries.  Most organizations using ERP Cloud implement the journal approval workflow to help automate the control.  The proper configuration of Journal Sources is essential to the design of your controls related to Journal Entries.

 

In this video, we will discuss how JE’s coming from subledgers and other systems could be changed, allowing a user to bypass the controls intended related to Journal Entries.

 

Organizations that are subject to regulation schemes such as Sarbanes-Oxley need to address this critical risk to avoid a control deficiency related to your journal entry approval control.

 

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Jeff Hare
jhare@erpra.net

Jeff Hare, CPA CIA CISA is the founder and CEO of ERP Risk Advisors. His extensive background includes public accounting (including Big 4 experience), industry, and Oracle Applications consulting experience. Jeff has been working in the Oracle Applications space since 1998 with implementation, upgrade, and support experience. Jeff is a Certified Public Accountant (CPA), a Certified Information Systems Auditor (CISA), and a Certified Internal Auditor (CIA). Please follow us on LinkedIn and Youtube.

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