ERP Cloud: The Subledger Accounting Privileges that Could Undermine your Journal Entry Control Design

26 May ERP Cloud: The Subledger Accounting Privileges that Could Undermine your Journal Entry Control Design

Posted at 14:27h 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.  In this video, we present a way that a User can bypass the journal approval workflow and undermine this key control.

https://www.youtube.com/watch?v=aAphthdmyeM


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. If you have any questions, please contact us at info@erpra.net.


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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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