PeopleSoft 9.1 PeopleBook: Internal Controls Enforcer

Getting Started with PeopleSoft Internal Controls Enforcer

This chapter provides an overview of PeopleSoft Internal Controls Enforcer and discusses:

PeopleSoft Internal Controls Enforcer business processes.
PeopleSoft Internal Controls Enforcer implementation.

PeopleSoft Internal Controls Enforcer Overview

PeopleSoft Internal Controls Enforcer enables your organization to manage the process of meeting the requirements of section 404 of the Sarbanes-Oxley Act. Using next-generation monitoring and diagnostic capabilities, your enterprise can reduce the cost of complying with the new regulations and the risk of unforeseen changes in internal controls. PeopleSoft Internal Controls Enforcer works in conjunction with other PeopleSoft Enterprise and JD Edwards EnterpriseOne corporate governance solutions from Oracle to make the entire compliance process repeatable and auditable, allowing you to focus on running your business.

The system includes:

A single document repository and process automation to streamline ongoing compliance.

The repository consolidates information related to business processes, including policies and procedures, business process narratives, risk libraries, process maps, and benchmark metrics.
Pre-built diagnostic tools to help enforce internal controls compliance.

These tools can test and monitor controls within Oracle's PeopleSoft Financial Management 8.4, 8.8, and 8.9; Oracle's PeopleSoft Enterprise Performance Management 8.9 and 9; and Oracles JD Edwards EnterpriseOne 8.9, 8.10, and 8.11 transaction systems and automatically alert process owners to configuration changes.

For example, the accounting manager can be notified if the PeopleSoft Enterprise Financial Management system is altered in such a way that a new individual is granted authorization to the One Time Vendor capability, or has been granted the authority to issues checks to a vendor that was not previously set up in the vendor master.
Role-based dashboards that provide executives greater confidence in their internal controls by extending accountability throughout the organization.

Personalized dashboards provide real-time visibility into the status of internal control testing and risk exposure.

PeopleSoft Internal Controls Enforcer Business Processes

PeopleSoft Internal Controls Enforcer provides the business process Manage Sarbanes-Oxley Act Compliance.

We discuss these business processes in the business process chapters in this PeopleBook.

PeopleSoft Internal Controls Enforcer Implementation

PeopleSoft Setup Manager enables you to generate a list of setup tasks for your organization based on the features that you are implementing. The setup tasks include the components that you must set up, listed in the order in which you must enter data into the component tables, and links to the corresponding PeopleBook documentation.

PeopleSoft Internal Controls Enforcer also provides component interfaces to help you load data from your existing system into the PeopleSoft Internal Controls Enforcer tables. Use the Excel to Component Interface (Excel to CI) utility with the component interfaces to populate the tables.

This table lists all of the components that have Excel to CI component interfaces:

Component	Component Interface	References
Entity Definition	EPQ_ENTITY_DEFN_CI	See Defining Entities.
Element Definition	EPQ_ELEM_DEFN_CI EPQ_ELEM_RANK_CI	See Defining Elements.
Element Amount	EPQ_ELEM_AMT_CI	See Entering Monetary Amounts for Financial Elements.
Control Definition	EPQ_CTRL_DEFN_CI	See Defining Controls.
Business Process Manager	EPQ_BP_DEFN_CI	See Setting Up Business Processes and Subprocesses.
Risk Definition	EPQ_RISK_DEFN_CI	See Defining Risks.
Test Plan Template	EPQ_TMPL_DEFN_CI	See Establishing Test Plan Templates.
Checklist Definition	EPQ_CHKLST_DEF_CI	See Establishing Checklists.

Other Sources of Information

In the planning phase of your implementation, take advantage of all PeopleSoft sources of information, including the installation guides and troubleshooting information. A complete list of these resources appears in the preface in About These PeopleBooks with information about where to find the most current version of each.