Challenge 15: Can semantic modeling techniques, such as the REA model, effectively in- corporate a comprehensive representation of internal control structures? Are such modeling techniques beneficial to strong control integration during sys- tems implementations?
Challenge 16: Could the models generated through such modeling techniques as REA be used to automatically generate configurations of ERP systems, including which switches should be modified during implementation to tailor a system to business processes and the integration of appropriate control structures?
Challenge 17: Could ERP systems be designed to self-generate semantic models that repre- sent the system’s implementation and self-document control processes in place at a given point in time? Could continuous audit applications automati- cally adapt learn from such semantic models to configure the set of tests that should be used to monitor ERP processes?
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