AUDIT WORKBENCH IN DYNAMICS 365 FINANCE AND OPERATIONS
In the previous article, I provided an introduction to the audit features available in Dynamics 365 Finance and Operations, highlighting tools such as the Audit Trail and Audit Workbench, which are designed to support compliance and transactional accuracy.
This article delves deeper into the Audit Workbench module, a detective tool that enhances audit processes by automating the detection, tracking, and resolution of transactional discrepancies, ensuring compliance and operational efficiency.
Let's get started.
CONTENT
The logic Query (Audit) types Sample scenarios Demo - Case creation Demo - Audit Conclusion |
THE LOGIC
The logic of the Audit Workbench module in D365FO involves the following steps:
- Creates Policies: Establishes audit policies and rules to define criteria for identifying discrepancies or irregular transactions.
- Monitors Transactions: Continuously scans transactional data to detect deviations from the defined policies.
- Identifies Exceptions: Flags transactions that violate policies as exceptions for further review.
- Conducts Audits: Facilitates a detailed examination of flagged exceptions to analyze potential issues or risks.
- Tracks Resolutions: Enables tracking and documentation of resolutions for each flagged transaction, ensuring accountability and compliance.
- Provides Insights: Generates reports and insights to support decision-making and improve future processes.
This article demonstrates all of the above steps through realistic end-to-end business scenarios.
This feature enables the auditing of expense reports, vendor invoices, and purchase orders in various ways. The essential configuration required is the Audit Policy, which allows you to specify the document type to be audited and select the desired audit type.
QUERY (AUDIT) TYPES
When you set up an audit policy rule, the first thing you do is pick a rule type. This also decides the kind of audit the rule will use. The query looks at the source document the rule will evaluate and figures out details like which legal entity and date to use when selecting documents for auditing. The type of query also affects what fields show up by default when you're working in the query page or the Audit policy rule page.