SAP Audit Management
FinanceDefinition
SAP Audit Management is a solution designed to streamline and enhance the audit management process, enabling comprehensive planning, execution, and reporting of audits.
Detailed Description
SAP Audit Management is a comprehensive software solution tailored for handling all aspects of the audit lifecycle. It facilitates efficient audit planning and preparation, resource allocation, documentation of findings, and reporting. The tool is designed to assist auditors in managing audit engagements remotely and collaboratively, offering real-time insights and better compliance tracking. By integrating with other SAP and third-party systems, it helps organizations maintain transparency, effectiveness, and compliance in audit processes.
Key Features
- Audit execution and documentation
- Audit planning and scheduling
- Findings and issue management
- Integration with other SAP modules
- Real-time reporting and analysis
- Resource management
Common Modules
SAP Process Control
Works with SAP Process Control to ensure internal controls are effective and aligned with audit findings.
SAP Risk Management
Integrates with SAP Risk Management to align audit processes with risk management strategies.
Popular Implementations
Financial Services Institution Implementation
Adopted SAP Audit Management to integrate audit processes with their risk management framework, enhancing compliance monitoring and reporting.
Global Consumer Goods Company Implementation
Implemented SAP Audit Management to streamline their internal audit processes across multiple regions, resulting in reduced audit cycle times and increased transparency.