Is someone giving your sales revenues a "haircut"?

by Prof. Dr. Nick Gehrke on Jun 21, 2018 4:45:00 PM

Giving sales revenues a "haircut" is often a way of helping managing directors and sales managers when their targets are slipping away from them. We look at this specific pattern of manipulation of sales revenues and how you can identify it in your SAP data.

3 data analyses for auditing the payment program in SAP

by Dennis Jürgensen on Jun 14, 2018 4:45:00 PM

In our last blog post, we provided you with a general overview of some of the peculiarities of the payment program in SAP. This time round, we are going to look at things in more detail and have prepared 3 data analyses that you can use to audit the payment program in SAP.

Payments & Co.: The questions that you should always have been asking yourself about the payment run in SAP

by Dennis Jürgensen on Jun 7, 2018 4:45:00 PM

We are all familiar with it, and most probably all of you use it, but perhaps only some of you have ever asked yourself the question: How do you audit it? What we are talking about is nothing less than the payment program in SAP. In this article, we explain the issues involved and how you, as an auditor, can best approach the matter.

Are your receivables in the right place in the balance sheet?

by Prof. Dr. Nick Gehrke on May 31, 2018 4:45:00 PM

Entering business transactions in the correct accounts is one of the basic requirements for proper accounting. In today's blog post, we will therefore consider the correct way of entering receivables in SAP. I will show you how you can check in SAP whether your receivables accounts contain similar business transactions or whether postings are being made to receivables accounts in an unsystematic way which can be a cause of quite some irritation. Because if receivables accounts are used in an incorrect way, in the worst case scenario, this can lead to misstatements on the balance sheet. And that’s always something auditors should be on the lookout for!

Tax trap @ its best: Late invoicing not only means you get paid later…

by Prof. Dr. Nick Gehrke on May 24, 2018 5:30:00 PM

...but that the tax office does too. Here, once again, what we are talking about is, of course, sales tax. We will shed light on when sales tax is actually incurred and is thus to be declared accordingly... and how you can find out in SAP whether you are behind with sales tax. Because, for the tax office, that is very often no joking matter: The State needs money!

Uncovering disguised profit from sales tax in SAP

by Dennis Jürgensen on May 17, 2018 4:45:00 PM

When the tax auditor comes to visit, there are always a number of challenges that need to be overcome. In some exceptional cases, however, the auditor’s visit is not necessarily announced beforehand, which is precisely why you should read this article carefully. To mention all the challenges here would definitely go beyond the scope of a single blog article, which is why we will limit ourselves to correct input tax deduction using discounts. Unfortunately, SAP has a very troublesome Customizing setting in this context, which can be a happy hunting ground for any tax auditor.

Has your goods receipt/clearing account also degenerated into a garbage dump?

by Prof. Dr. Nick Gehrke on May 11, 2018 8:00:00 PM

A good purchasing process in SAP uses a goods receipt/clearing account (GR/IR account) to always have an overview of the goods you have already received and for which you have already received an incoming invoice. In practice, unfortunately, I am forever seeing eternally open positions in this account, i.e. what basically amounts to an "accounting garbage dump". Here, we explain why the GR/IR account is important and how to find out if you are sitting on a pile of GR/IR garbage.

Tax trap @ its best: How it is easy to fall into the trap of sales tax

by Prof. Dr. Nick Gehrke on May 3, 2018 4:45:00 PM

Sales tax issues are complex and often unpopular with auditors – unless they come from the tax office itself that is! So, it's better to be aware of the pitfalls. Sales tax credit notes are invoice documents that are issued by the company itself and are used to invoice an incoming service. In a sense, you are issuing a vendor invoice to yourself and sending it to your vendor – the vendor then does not issue the invoice itself. In this post, we explain in what cases this occurs and what problems it can cause. Of course, we will also give you some hints on how to detect possible problems in your SAP data.

Financial Process Mining and Compliance in Process Models

by Dennis Jürgensen on Apr 26, 2018 4:45:00 PM

With the new release of zap Audit, the process visualization module has been completely overhauled and now has a fresh new look. From now on, findings from our automated data analysis are displayed directly in the process model, so that you as an auditor can evaluate the findings in the context of the process to which they relate. We will show exactly what this looks like in this blog article.

The new zap Audit dashboard for a better overview

by Dennis Jürgensen on Apr 19, 2018 4:45:00 PM

Version 2 of zap Audit has been released, so over the next couple of weeks we are going to take a closer look at the multitude of new features it has to offer. In today's article, we will examine the benefits of the new dashboard, including the “process house”, what exactly it is all about, and why many of our customers find it so useful. In addition, the new dashboard provides a quick overview of findings.

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