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December 13, 2016

Integrated Auditing of ERP Systems

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The late 1990s witnessed a boom in companies investing in multimillion dollar Enterprise Resource Planning (ERP) systems, comprehensive technologies that increase efficiency and profitability by placing all business transactions under one inclusive system. Yet the benefits of ERP systems come with a larger degree of risk. Supply-chain links to other companies, employee access to a greater amount of business information, and newer extract reporting features likewise introduce new risk factors that must be managed. With most Fortune 500 companies and other large organizations now depending on SAP, Oracle, Peoplesoft, and other ERP systems as key components to their strategic growth, it is critical for companies to reduce risk and ensure that their ERP systems operate at maximum efficiency.

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