What is audit definition in SAP EPM-FC - SAP BusinessObjects Financial Consolidation?

SAP Term: audit definition

• Component: EPM-FC

• Component Name: SAP BusinessObjects Financial Consolidation

• Description: An object which enables you to find all the uses of each dimension, characteristic and object, and which can be run as a task.

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• Key Concepts: 
  Audit definition is a feature of SAP BusinessObjects Financial Consolidation (EPM-FC) that allows users to define and manage audit rules. It enables users to define rules that will be applied to the data in the consolidation process, such as data validation, data integrity checks, and other audit-related tasks. 
  
  How to use it: 
  To use the audit definition feature, users must first create an audit rule. This can be done by selecting the “Audit Definition” option from the main menu. From there, users can define the parameters of the rule, such as which data elements should be checked and what type of validation should be performed. Once the rule is created, it can be applied to the consolidation process. 
  
  Tips & Tricks: 
  When creating an audit rule, it is important to consider the scope of the rule. For example, if a rule is only meant to apply to certain entities or data elements, it should be specified in the rule parameters. Additionally, it is important to ensure that all rules are properly tested before they are applied to the consolidation process. 
  
  Related Information: 
  For more information on using audit definition in SAP BusinessObjects Financial Consolidation (EPM-FC), please refer to the official documentation provided by SAP. Additionally, there are many online resources available that provide tutorials and tips on using this feature.