Table of Contents:

This SAP audit program contains 32 tests designed to evaluate the effectiveness of the key
configuration settings, monitoring techniques and access restriction mechanisms to sensitive
transactions in the in SAP R/3. The control framework covers the following components of the asset
accounting process:

Fixed Asset Master Data

SAP audit program to ensure that changes to the fixed asset master file are valid, accurate and
processed timely:

Appropriateness of access to maintain assets and asset groups

Assessment of monitoring techniques to ensure the validity of changes to the master records

Effectiveness of the available system edits that help avoid errors in asset master data, including
required, optional, display, or suppressed entry fields and copy controls

Assessment of monitoring techniques for incomplete assets

Asset Acquisition

Audit plan and testing procedures to ensure that asset acquisitions are valid and accurately recorded
in SAP R/2:

Appropriateness of access to acquire assets from in-house production and from purchase with
vendor or from affiliated company

Appropriateness of access to post acquisitions of assets:

- In Asset Accounting integrated with Accounts Payable

- In Asset Accounting without integration with Accounts Payable:

a) When the offsetting entry is posted automatically to a clearing account

b) When invoices are posted as open items to a clearing account

Assessment of monitoring techniques to investigate asset activity that have not been posted

Reconciliation of asset balances with postings to asset general ledger accounts

Periodic Processing

SAP audit guidance to ensure that depreciation charges are valid, accurately calculated and recorded
in the appropriate period:

Effectiveness of the available system edits for active depreciation areas in the chart of depreciation

Configuration of the calculation rules used to arrive at the depreciation amounts for the asset

Configuration of the balance sheet, depreciation, and special reserves accounts to which
management posts the transactions related to acquisition, depreciation and such
Assessment of the settings that define how the depreciation areas post depreciation and acquisition
and production costs to the GL

Procedures to review manual depreciation entries

Appropriateness of access to post depreciation

Appropriateness of access to adjust planned depreciation and post asset write-ups

Appropriateness of access to create unplanned depreciation entries

Appropriateness of access to perform the fiscal year change and year-end closing

Reconciliation procedures between the general ledger and asset accounting

Disposing of Fixed Assets (Asset Retirement)

SAP audit guidance to ensure that recorded fixed asset disposals are valid (represent actual
disposals):

Appropriateness of access to retire assets with revenue from sale (with or without customer)

Appropriateness of access to retire assets without revenue by scrapping

Everything has been conveniently pre-documented with fill-in fields for company-specific information
(entity name, date, data extracted from the system, etc.) which will allow you to proceed with your
assessment immediately.

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