Oracle Releases New Edition of E-Business Suite Reference Book
Oracle recently made public its 3rd edition of Security, Audit and Control Features Oracle® E-Business Suite, a reference book that integrates more than 130 business applications and IT infrastructure module that can be used by most organizations to maintain a powerfully built integrated solutions.
Oracle® E-Business Suite (EBS) is part of Oracle’s enterprise resource planning (ERP) software that has been known as one of the biggest business packages in the industry. EBS is primarily built and designed to allow for easy automation of various enterprises and operations and processes of many companies.
The new edition of Oracle® E-Business Suite covers the security, audit, and control perspectives and requirements, as its previous editions did. The publication covers certain auditing aspects of Oracle EBS Release (R) 12 that includes formal methodology, IT audit framework, and risk-management approach.
Oracle® E-Business Suite features the “popularization” of ERP auditing concepts with a framework that considers potential risks. It also provides working tools and templates. The publication is intended to assist in audit “contextualization” that basically employs information on risks, key controls, and testing procedures, among others, through imbibing the Oracle EBS context with the current auditing techniques.
The publication provides templates that can be used in the processes of EBS business, which include audit layouts in Financial Accounting Business Cycle, Expenditure Business Cycle, Oracle Security Administration, maturity assessment, and Internal Control Questionnaire.
Security, Audit and Control Features Oracle® E-Business Suite, 3rd Edition, is said to contain useful frameworks and templates in auditing and information on risks and ways to control them. However, Oracle admits that the scope of the book may not extend its usability to certain circumstances and contexts in operations, in which case the application is limited. Oracle poses a challenge to auditors to adapt to specific circumstances and decide appropriately.