Explain why the implementation of ERP in a company, especially SAP, can simplify the accounting audit process carried out by both internal and external auditors. Link your explanation with the principles of recording transaction documents in SAP.

Explain why the implementation of ERP in a company, especially SAP, can simplify the accounting audit process carried out by both internal and external auditors. Link your explanation with the principles of recording transaction documents in SAP.

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter1: Accounting As A Tool For Managers

Section: Chapter Questions

Problem 1EA: Indicate whether each statement describes financial accounting or managerial accounting. The...

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Definition Definition Methods and techniques used by the auditor to gather the appropriate evidence so that a true and fair judgment can be made on the quality of the financial statements of the client. Audit procedures are developed after determining audit objectives, scope, approach, and risk assessment.

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