ERP Risk Advisors’ 2024 New Years Resolutions [Resovolutions] Everyone loves setting New Year’s Resolutions. Given my history having a heart attack in 2019, I encourage you to set goals arounds eating healthy and consistent exercise (link to January newsletter story). You could say I’ve been around the block a few times, having spent 25+ years in the ERP applications space as a client, […] January 26, 2024
Remediation Recommended – Manage Proxies Configuration Overview: The ability to proxy your access to someone else is active in Production since an upgrade to 12.2.4 of EBS. It may also be available in some 12.1.3 environments where a ATG patch has been applied to backport it. This is functionality that is not desirable and needs to be disabled. Remediation: Remediation can […] January 12, 2024
The Inner Struggle When Reality Hits: How Crisis Impacts Your Faith New Year – New Me…. In the new year, we like to focus on new goals, new aspirations, even “a new me”. But how do you face the new year when life’s inner struggles impact your mind? Having a traumatic, life-changing medical issue changes you and can challenge your faith in God. In March 2019, […] December 28, 2023
ERP Access Controls and Risk Advisory Services – a Cut Above Without the Additional Cost Application Access Controls form the foundation of your control environment in your ERP system. However, these new SaaS systems have become quite complex. And organizations tend not to have a program to develop and manage these controls. This is why more and more organizations are partnering with outside advisory firms to help. So, what are […] November 21, 2023
Bright Light Shines on Massive Failures of External Auditors with “Painful” Consequences The lack of maturity of external auditing procedures is finally attracting more of the attention it deserves. The US’s Public Company Accounting Oversight Board (PCAOB) and the UK’s Financial Reporting Council (FRC) are publicly challenging external auditors to improve their processes. Two Causes for Concern Emerge in One Month In October 2023, two articles emerged […] October 25, 2023
Lack of Software to Test Access Controls is Systemic and Why It Matters [Part 2] Part 2: In part 1 of this article series, I postulated that there is a systemic issue related to management override of controls. More concerning than the existence of this issue is that it isn’t being addressed by management or the audit community. This issue is systemic. Let’s discuss what changes we would need to […] October 23, 2023
TWO Revolutionary Opportunities Added to ERP Risk Advisors’ ERP Armor: Learning Platform ERP Risk Advisors is thrilled to announce the addition of TWO new Oracle-specialized courses [1] to our ERP Armor: Learning library. We are now offering unparalleled training in these areas: Oracle Transaction Business Intelligence (OTBI) administration Oracle ERP / HCM Cloud security administration Oracle Transaction Business Intelligence (OTBI) Administration This course is designed to show […] October 10, 2023
Financial Fiasco: Birmingham City Council Takes Center Stage Once Again Birmingham City Council are once again in the news, and given the severity of the financial situation, it will once again highlight the significant overspend for the failed ERP Cloud implementation. This news is hard to see since ERP implementations typically do not end with massive cost overruns and are not necessarily considered a “failure”. […] September 27, 2023
ERP Risk Advisor’s CEO comments on MGM Resort’s Cyber Attack Our CEO, Jeff Hare, CPA CIA CISA Comments on the MGM Resorts Cyberattack Sadly, we see another significant, and successful cyberattack with MGM Resorts being the latest victim. What we understand from the information available, is the breach could have a material impact on the company’s financial results. Additionally, this is the first major corporate […] September 15, 2023