The Role of SAP Auditors in Strengthening Internal Controls and Reducing Risks

• Author(s): Mario Martinelli dos Santos
• Paper ID: 1703201
• Page: 364-374
• Published Date: 28-02-2022
• Published In: Iconic Research And Engineering Journals
• Publisher: IRE Journals
• e-ISSN: 2456-8880
• Volume/Issue: Volume 5 Issue 8 February-2022

Abstract

The increasing complexity of business processes and technological advancements has underscored the need for robust internal controls to mitigate risks within organizations. In this context, SAP auditors play a pivotal role in evaluating and strengthening internal control systems, ensuring compliance, and reducing risks associated with financial misstatements, fraud, and operational inefficiencies. By leveraging specialized tools and frameworks, SAP auditors assess the integrity, security, and efficiency of SAP systems, which are widely adopted enterprise resource planning (ERP) platforms. This article explores the critical role of SAP auditors in enhancing organizational governance by identifying control weaknesses, implementing preventive measures, and aligning operations with regulatory requirements. It delves into the methodologies employed by SAP auditors, including risk assessment techniques, process automation, and data analytics. Furthermore, the study highlights the challenges faced by SAP auditors, such as dynamic regulatory environments and evolving cyber threats. Two tables summarizing key SAP audit tools and risk mitigation strategies, along with a diagram illustrating the SAP audit lifecycle, are included to provide a comprehensive understanding of the topic. In-text citations and references to recent research support the arguments presented. The findings underscore the importance of SAP auditors as essential drivers of accountability, transparency, and risk management in modern organizations.

Keywords

SAP Auditors, Internal Controls, Risk Mitigation, Enterprise Resource Planning (ERP), SAP Systems, Risk Assessment Techniques, Data Analytics, Regulatory Compliance, Organizational Governance, Fraud Prevention, Cyber Threats, Operational Efficiency, Preventive Measures, Audit Lifecycle, Control Weaknesses, Security Integrity, Process Automation, Accountability, Transparency, Technological Advancements

Citations

IRE Journals:
Mario Martinelli dos Santos "The Role of SAP Auditors in Strengthening Internal Controls and Reducing Risks" Iconic Research And Engineering Journals Volume 5 Issue 8 2022 Page 364-374

IEEE:
Mario Martinelli dos Santos "The Role of SAP Auditors in Strengthening Internal Controls and Reducing Risks" Iconic Research And Engineering Journals, 5(8)