Evaluate the effectiveness of your newly implemented enterprise resource planning (ERP) systems, such as the company's business management applications. This report provides a comprehensive assessment of the control activities in place during and after the system implementation, identifying control gaps, design deficiencies and areas for improvement. It serves as a valuable resource for internal audit teams to verify the implementation of corrective actions from previous audits and ensure that fixed assets, accounts payable, materials management and cash application processes are appropriately managed.

Additionally, the report offers detailed recommendations to enhance the control environment; safeguard against errors, theft and potential penalties; and improve overall operational efficiency. By documenting current internal controls and creating a crosswalk between pre- and post-implementation controls, the report enables management to address any emerging risks and maintain a strong control environment throughout the transition period. This report is essential for ongoing compliance, risk management and strategic decision-making within the organization.

Procedures performed during this process include:

• Interviewing appropriate personnel within in-scope areas to gain an understanding of current processes and the impact of the implementation on internal controls
• Verifying the implementation of corrective actions from previous audits and identifying any modifications to these corrective actions that occurred after the audit
• Documenting current internal controls and identifying those that existed pre-implementation versus new controls post-implementation
• Creating a crosswalk between pre-implementation controls and current controls affected by the implementation