Extent of testing 878

  • Hello,
    If there were three system before the data is interfaced into the financial ERP package, do we identify controls over financial reporting from the stage before the data is entered into the financial reporting ERP systems or should it be restricted to controls over data being entered into the financial reporting ERP package and after?

  • Ask these questions:
    Is it financially relevant info that is coming from the feeder systems?
    What are the risks that the information could be incorrect/inaccurate prior to the point of transfer?
    How do you know the information is transferred accurately?

  • As long as the information is transfered into an ERP system, 99% of the time you need to identify the controls

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