WOW !! MUCH LOVE ! SO WORLD PEACE !
Fond bitcoin pour l'amélioration du site: 1memzGeKS7CB3ECNkzSn2qHwxU6NZoJ8o
  Dogecoin (tips/pourboires): DCLoo9Dd4qECqpMLurdgGnaoqbftj16Nvp


Home | Publier un mémoire | Une page au hasard

 > 

ERO system: implementation, audit and control risks

( Télécharger le fichier original )
par Borhen KHATIB
INSEEC - MSc Program in Audit and Control Management 2010
  

précédent sommaire suivant

Bitcoin is a swarm of cyber hornets serving the goddess of wisdom, feeding on the fire of truth, exponentially growing ever smarter, faster, and stronger behind a wall of encrypted energy

4.1.3. Efforts to meet new regulatory requirements

Compliance Challenge

Strategy

Enabler

CEOs and CFOs must personally certify Financial reports

Provide complete and accurate information with confidence

- Access information in real-time to proactively address issues that may arise

Visibility

-Setup transparent integrated

processes across the enterprise -Enable executives to access relevant and timely information

Disclosure of internal controls and processes for Financial Reporting; Auditors must verify Adequacy

Setup better controls that work
and enable regulatory compliance

Make audits easy, fast, and effective

Control

- Establish centralised internal audit processes and controls across the enterprise that are documented, secure, and easily accessible

- Train employees and monitor skills to maximize compliance with policies

and procedures

Aggressive deadlines for Financial reporting

Close books quicker

Efficiency

- Roll up and reconcile financial data quickly and accurately

- Implement centralised, low cost, error-reducing processes as a

backbone to ensuring consistent, error-free data across the enterprise

4.1.3.1. Visibility

Enterprise visibility is imperative to give you immediate access to high-quality business information. In most companies, the best information executives have about the state of their business comes from the close of the preceding quarter. However, without access to the current state of your business, you risk making decisions that solve yesterday's problems, not today's. To exercise good governance and meet regulatory demands, you need access to timely, relevant, and accurate information across your organization. Only a business system with a complete set of integrated business intelligence and analytics can provide managers with continuous, current, customised information about their business which can enable them to:

- Access a complete and accurate view of financial data for quicker reporting and meaningful disclosure.

- View global enterprise information that is timely, relevant, consistent, and available in realtime. Obtain a complete view of your business with global information from a single source of truth.

4.1.3.2. Control

Enterprise control is necessary to accurately provide information based on standardised processes and procedures. With effective control, you can avoid careless accounting actices, enable compliance through documented business practices and procedures, implement your vision and business strategies, and find and fix discrepancies proactively. To control your enterprise more effectively, you need to centralise and secure policies, processes, and procedures across your organisation. Business systems can help you streamline the transparency of policies and procedures,

enforce them, reduce the risk of malfeasance and errors, and improve confidence in your business data:

Support the audit department in enforcing corporate compliance with documented policies and procedures, risk and process control management, visibility to business process workflow, and improved project management.

Keep your employees informed - document and track critical business processes, determine workflow, and develop and deploy applicable training to ensure compliance. Manage and document corporate communications and data with an integrated suite of enterprise level applications that focus on managing all of the communications between individuals and teams, the content they create, as well as the information for supporting them.

Centralise and automate processes and controls for information consistency. Eliminate duplicate processes, reduce overhead, and cut costs.

précédent sommaire suivant






Bitcoin is a swarm of cyber hornets serving the goddess of wisdom, feeding on the fire of truth, exponentially growing ever smarter, faster, and stronger behind a wall of encrypted energy








"Tu supportes des injustices; Consoles-toi, le vrai malheur est d'en faire"   Démocrite