Deloitte & Touche certified Doxis4 according to IDW PS 880
Deloitte & Touche, an internationally renowned auditing firm, has certified that the Doxis4 enterprise content management software by SER is in accordance with the German auditing standard IDW PS 880. SER customers therefore receive guaranteed security and can be sure that their electronic archiving is audit-proof in accordance with the generally accepted principles of computerized accounting systems, the German Tax Code, the German Commercial Code, and the principles of data access and auditability of digital records.
When conducting audits for annual financial statements, auditors are required to evaluate the IT systems used for accounting purposes. Any archiving software with IDW PS 880 certification is therefore guaranteed to meet auditing requirements.
The auditing company Deloitte & Touche evaluates software in accordance with the stringent standards set out by the German Institute of Public Auditors (IDW). It not only tested the Doxis4 iECM software suite itself, but it also checked the underlying development processes.
The certificate issued by Deloitte & Touche states that, when used correctly, the tested software product Doxis4 can be applied to manage and retain the documents and data needed for accounting processes in accordance with the generally accepted accounting principles. With this certification, Doxis4 is one of the industry's leading electronic archive systems.
IDW PS 880: Software product standards
The Technical Committee for Information Technology (FAIT) at the Institute of Public Auditors in Germany (IDW) published a revised version of the auditing standard “Examination of Software Products (IDW PS 880)” on March 11, 2010. The revised standard included an updated examination based on the method used for examining systems using information technology and took into account the criteria approach described in ISAE 3000 “Assurance Engagements other than Audits or Reviews of Historical Financial Information”. IDW RS FAIT 1 incorporates the requirements set out in articles 238, 239 and 257 of the German Commercial Code (HGB) related to drawing up accounting books using IT systems. IDW RS FAIT 3 contains further details on the use of electronic archiving processes under the generally accepted accounting principles. It describes the requirements that archiving systems must meet in order to comply with commercial retention obligations.