With year end audits underway, it’s important to identify sensitive transaction codes in your SAP system to properly build control and governance around the creation of your Master Records.
Manual journal entries are considered high-risk transactions for SAP finance professionals for a number of reasons, including their susceptibility to fraud and overriding of controls. So, with all of the concerns here are some of the important aspects to consider to ensure you have full control over your journal entry process. At a recent event, experts from Price Waterhouse Coopers (PWC) highlighted that there are a number of ways to implement mitigating controls to handle manual journals. The experts pointed out it’s relatively easy to use these entries to manipulate financial records. Material misstatements of financial statements due to fraud often involve… Read more