What is audit in SAP GRC-AUD - SAP Audit Management?

SAP Term: audit

• Component: GRC-AUD

• Component Name: SAP Audit Management

• Description: According to DIN EN ISO 9000, this is a systematic, independent, and documented process used to obtain audit results and to evaluate these results objectively in order to determine to what extent the criteria of audit have been fulfilled. An audit is modeled in as a named auditing process to which auditable items are assigned for auditing, and which defines the time periods and other attributes of audits to be conducted.

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• Key Concepts: 
  SAP Audit Management is a component of the Governance, Risk, and Compliance (GRC) suite of tools. It is used to monitor and manage the internal audit process. It helps organizations to identify and address risks, ensure compliance with regulations, and improve overall performance.
  
  How to use it: 
  SAP Audit Management provides a comprehensive set of tools for managing the audit process. It allows users to create audit plans, assign tasks to auditors, track progress, and generate reports. It also provides a centralized repository for storing audit documents and results.
  
  Tips & Tricks: 
  When using SAP Audit Management, it is important to ensure that all audit tasks are completed on time and that all documents are properly stored in the system. Additionally, it is important to regularly review audit results and take corrective action when necessary.
  
  Related Information: 
  SAP Audit Management is part of the GRC suite of tools, which also includes SAP Access Control, SAP Process Control, and SAP Risk Management. These tools can be used together to provide a comprehensive solution for managing risk and compliance.