Compensating Controls are critical to reducing the risk of fraud on your ERP. Ignore them and it could be a heavy price to pay!
In this video, security and audit guru, Carrie Curry, discusses Best Practices for Compensating Controls on your ERP system.
Firstly, she reviews what a Compensating Control is.
Next, Carrie provides helpful tips for designing the controls and talks through some examples.
It's essential to be in good shape when the auditors arrive! These helpful tips provide some guidance.
In this video, security guru Carrie Curry introduces you to Best Practices for Audit Reporting.
Firstly, she reviews the importance of Audit Reporting.
Next, Carrie discusses the goals and outcomes of each report.
Finally, she provides a recommended list of specific reports.
Managing ERP risk effectively has always been a challenge, but as organizations face constant change, it’s ever more difficult to ensure that internal controls are doing what they are supposed to. This report discusses the problems and explains why companies need to be agile to manage and monitor controls effectively.