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An internal auditor can assist in collecting, storing, managing and interpreting data from business activities. Product Planning or service delivery Marketing and Inventory Management shipping and payment. Specially related to finance he can assist in General leader, Fixed Asset, Payment including vouchering, matching and payment, receivable cash application and collections. cash management with the cooperation of Proper Management Information System.
Since an Internal Auditor is one who audits the entire system and he is the one who understands the entire operations and the business; He would be able to give the correct flow and knows how the final reports ought to be. Internal Auditor can guide the ERP implementation team on how the flow needs to be designed and customized and what special features of the overall ERP would be kept active based on the organizational needs and requirements.
IA team can give their input on the technicalities and accounting principles which the Software team can built and customize it as per the business needs.
Any ERP implementation would need proper coordination between the finance and the software folks. ERP team would do pilot runs of the ERP system to ensure the system is operating as desired and the management is able to get all the required information as envisaged.
An internal auditor can assist the ERP team by evaluating the effectiveness and efficiency of controls in systems and help promote continuous improvement in systems.
The internal audit function can help identify, review, and provide recommendations for key controls associated with the project and can provide assurance that the ERP system will support business processes and enforce business controls on an ongoing basis. The use of collaborative internal auditors on all critical phases of an ERP project is the best approach to increasing the likelihood of a successful ERP deployment.
Internal auditor can ensure that proper controls are in place and develop a plan with accounting standard which fits company situation.
Internal auditor is person who duty related to analysing internal controls so he know very well where the shortcomings in entity. So yes we can say he is most appropriate person who can help to establish effective ERP system
The internal auditor is the one who identify how to control operational risks in accordance with company policy & ERP systems are implemented according to the company policy. I believe IA of any department can be a key to assist the ERP team to implement the system as per company policies and procedures.
An internal auditor reviews the test of controls in an ERP system by using substantive procedures for instance vouching. If he come across any weakness, he/she recommends the findings to the ERP team to build and grant stronger controls.
Give assurance that internal control systems by ERP are adherence to Managment's objectives and each steps of internal control can be accountable.
Validate on ERP steps to know Strengths and weaknessAdvise Solutions for correct weaknessRevalidate on ERP steps for the weaknessValidate on user rights and the role of employees.Remove and add right as per employees role
This premet collects internally, stores, and manages data from commercial activities. Manage and manage an item, delivery, payment and inventory management. Trade-related, he assists the manager, matching and payment, receipts and fund-raising. Cash management with the collaboration of an adequate management information system.
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