SAP's (temporary) accounting 'error' on Q2

SAP's (temporary) accounting 'error' on Q2

Summary: Can you believe it? The initial release of SAPs figures had a monumental typo.

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TOPICS: SAP
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Spot the error

Courtesy of eagle eyed Jason Stamper, it seems that when SAP first released its figures last week, the PDF contained a glaring typo. The circled figure should have read Total Revenue.

According to the corrected PDF which carries a date of 07/20 (the day following Jason's story), the original document is a Word file. So I could not let this pass without referring readers to SAP's blurb on Duet where the company says:

Duet software enables seamless access to SAP business processes and data via Microsoft Office -- revolutionizing how information workers interact with enterprise applications.

I'm wondering what Amit Chatterjee, senior vice president for SAP’s Governance, Risk and Compliance (GRC) business unit has to say about this? Last time, we met, he was crowing about how well GRC was performing. Clearly not well enough - at least internally.

As a reminder, KPMG had this to say about SAPs internal systems

As the auditor for the SAP Group, KPMG Deutsche Treuhand-Gesellschaft Aktiengesellschaft Wirtschaftsprüfungsgesellschaft (KPMG) audited the Executive Board’s evaluation of the functioning of the internal control system for financial reporting and this system’s effectiveness on December 31, 2006, and issued an unqualified audit opinion.

I should stress the Q2 preliminary results are unaudited financial statements. Nevertheless, as Jason says:

For a company that is meant to help enterprises gain better control of their financial and other business processes, there will be ashen faces at SAP.

Topic: SAP

Dennis Howlett

About Dennis Howlett

Dennis Howlett is a 40 year veteran in enterprise IT, working with companies large and small across many industries. He endeavors to inform buyers in a no-nonsense manner and spares no vendor that comes under his microscope.

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