Role of the Internal Audit in ERP Implementation
Vikram Phulari
Vikram Phulari, Department of Computer Science & Engineering, Jawaharlal Nehru Engineering College, Aurangabad (Maharashtra). India.
Manuscript received on 23 November 2016 | Revised Manuscript received on November 2016 | Manuscript published on 30 November 2016 | PP: 12-16 | Volume-5 Issue-5, November 2016 | Retrieval Number: E1634115516©BEIESP
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© The Authors. Blue Eyes Intelligence Engineering and Sciences Publication (BEIESP). This is an open access article under the CC-BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/)
Abstract: The aim of this study is to investigate how internal audit can contribute to the successful implementation of projects (ERP Enterprise Resource Planning). ERP projects are well documented for the high dropout rate and the negative impact on the beneficiaries. Although there is little literature on the role of internal audit in ERP implementations, there are many available in ERP implementations risks, challenges and critical success factors associated with these projects complex and strategic document. The results of the literature shows that there is no general agreement on which a number of factors are the key to success in ERP implementations, which in turn puts more emphasis on the ability of management to their agreed requirements differ from company to deliver to company. Internal audit is typically a central function operating within the governance and control system of an organization and is recognized as having expertise in reviewing control which includes ensuring that adequate governance structures are in place and effective risk management processes are activated that can mitigate the problems that occur. According to the evolutionary nature of the internal audit, auditors are constantly increasing their skill levels to enable them to independently review the ERP projects and report issues in time for the action of the management of business. It is the depth of investigation that is part of an internal audit that achieves most of the benefits and this became evident in the most success factors, risks and issues identified by respondents compared to documented items ERP in the related documentation. The interviews of the population of ERP experienced auditors show that the benefits of using them to examine the ERP projects have been positively recognized within their companies. In many cases the audit reviews are now included in the project planning process.
Keyword: ERP Audit, Risk Assessment, Challenges, System Implementation
Scope of the Article: Multi-Agent Systems