Enhance the Compliance Process and Regulatory Reporting in Your Organization with Disclosure Survey
- by Kehinde Eseyin, Senior SAP GRC Consultant, Turnkey Consulting Ltd.
- September 19, 2014
Kehinde Eseyin shows how implementing SAP Process Control 10.1’s disclosure survey in your business environment enhances transparency, documentation, and adherence to disclosure requirements.
Reading this article you will learn how to:
- Set up your system for disclosure survey
- Plan and perform disclosure survey
- Review and monitor disclosure survey
Disclosure survey is a new type of survey in SAP Process Control 10.1 that is used to perform assessments at different entity levels – organization, control, and subprocess.
The need to comply with regulations (such as the Sarbanes-Oxley Act of 2002) that have direct implications on how organizations handle disclosures is one of the driving factors for introducing disclosure survey in SAP Process Control 10.1. Organizations want to remain as transparent as possible when it comes to disclosure, especially when such disclosures can affect the financial statement of the organization.
SAP Process Control has always supported different types of surveys. The latest version of SAP Process Control offers an enhancement (disclosure survey type) to survey management that is aimed at helping organizations achieve more transparency about control effectiveness review and documentation. Unlike the other closely related functionalities (for example, sign-off), disclosure survey can be implemented at different entity levels: organization, control, and subprocess.
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