ICS Requirements and ERP Systems: Basic Principles, Frameworks, Structure

Abstract

The law prescribes and the auditor audits. And everything revolves around the internal control system. How can you make ICS requirements formulated in general terms more specific for IT-supported business processes? Where does the ICS content in the ERP environment come from? And how can you structure profitability and efficiency objectives in an ICS framework — above and beyond what is required by legislation? This chapter is dedicated to these questions. You will learn: - How and which ERP-specific requirements are demanded of an ICS and how these requirements can be derived from generally accepted accounting principles - Who defines the rules for compliance in the ERP environment - How to find and structure the correct controls in the SAP environment - Which internationally recognized studies, standards, and reference models are available for an ICS, particularly in the ERP environment

Drinking tea and waiting or burying your head in the sand — these strategies are not particularly helpful in making your organization ready for an audit. You have to actively make sure that you establish an IT-capable ICS because these days, nothing works without IT.