Challenges Involved In Implementing Of Erp And Auditing

An ERP system allows an organization to integrate all primary processes in order to increase the efficiency and to maintain a competitive position. However, without the successful implementation of the system, the benefits designated for improving productivity and increasing competitive advantage would not be possible. In his definition, the ERP is a system of enterprise-wide information system that integrates and controls all business processes across your organization. Enterprise Resource Planning system (ERP) is universally accepted as a practical solution to get a solution for an integrated information system for the entire organization. ERP implementation is a complex process, and the success or failure depends on many factors, and it is difficult to be planned to avoid any potential pitfalls. Traditional audit model has undergone significant changes over the past decade. Change in financial audit is attributed to market pressures, including competitive prices, saturation and increasing training and technology. The profession moved toward providing additional systems of insurance services. For example, there has been a paradigm shift in insurance services, which focuses on the internal control system throughout the life cycle of the information system. Implementation of an ERP system is usually followed by an increase in internal audit procedures as a result the organisation may reach a higher level of integration in business processes and to improve the quality of the reports.