What Is The Impact Of An ERP System On The Audit Process?

Mumbai, India (PressExposure) June 25, 2011 -- ERP systems typically provide elegant technological solutions for organizations information needs through radical changes in information processing orientation. Due to the robust nature of these applications and the changes associated with the implementation, auditors may need to adjust the audit processes and procedures when auditing in such an environment.

As you know the ERP systems facilitate horizontal and vertical integration of business processes across an organization. When an ERP system if successfully implemented, can enable companies to better manage supply chains, perform business reengineering and reorganize their accounting processes along with different other functions. In addition, currently the ERP systems are becoming a necessary tool for companies to remain competitive in this new business environment rather than constituting a new strategic move.

It is also a fact that the changes from the legacy system made the auditors are faced with the daunting task of auditing in a new ERP. Some ERP systems implementations initially in some companies has lead to increased audit related risk due to automated interdependencies among business processes, and integrated relational database. As technological developments continued, auditors also expanded their technological knowledge and skills in order to perform effectively and efficiently in audit functions in an ERP environment.

As you know the ERP systems facilitate horizontal and vertical integration of business processes across an organization. When an ERP system if successfully implemented, can enable companies to better manage supply chains, perform business reengineering and reorganize their accounting processes along with different other functions. In addition, currently the ERP systems are becoming a necessary tool for companies to remain competitive in this new business environment rather than constituting a new strategic move.

It is also a fact that the changes from the legacy system made the auditors are faced with the daunting task of auditing in a new ERP. Some ERP systems implementations initially in some companies has lead to increased audit related risk due to automated interdependencies among business processes, and integrated relational database. As technological developments continued, auditors also expanded their technological knowledge and skills in order to perform effectively and efficiently in audit functions in an ERP environment.

For more information kindly visit: http://www.eresourceerp.com/impact-of-ERP-system-on-the-audit-process.html

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About eresource infotech Pvt.Ltd

Growing as a leading enterprise solution company, eresource, or 'Enterprise Resource', provides end-to-end solutions that leverage technology-enabling customers to grow their business. Eresource serves many client in India and abroad and as one of the pioneers of Web-based ERP solution.

Press Release Source: http://PressExposure.com/PR/eresource_infotech_Pvt.Ltd.html

Press Release Submitted On: June 25, 2011 at 2:00 am
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