Microsoft Dynamics® AX 2009 Compliancy Enhancements

Automatic Elimination of Intercompany Transactions
Elimination transactions are required when a parent company does business with one or more subsidiary companies and uses consolidated financial reporting. Transactions that occur between companies that are part of the same organization must be eliminated because consolidated financial statements must include only transactions between the consolidated organization and other entities outside of that organization. Because of this, transactions between companies that are within the same organization must be removed, or eliminated, from the financial reports.
In Microsoft Dynamics AX 2009, you can set up elimination rules to create elimination transactions in a company that is specified as the destination company for eliminations, or the elimination company. Elimination journals can be generated during the consolidations process or by using an elimination journal proposal.

Microsoft Dynamics AX Compliance Center
Microsoft Dynamics AX supports an organization’s compliance program. Instead of having data and information locked away in separate information silos, Microsoft Dynamics AX provides one central location for users to view, manage, and control the internal controls, business process content, and reporting for the organization's compliance program.
The Compliance Center – easily accessible via the Enterprise Portal – simplifies compliance efforts and helps keep business information secure through a comprehensive set of tools to manage and control sensitive business information and critical key performance indicators (KPIs). The Compliance Center provides easy and convenient access to required documentation, internal controls, and status tracking.
From the Compliance Center, users can view graphs that represent the efficiency and effectiveness of the internal controls, examine key performance indicators, manage action items from alerts or workflow, and add links to important external compliance sites. The Compliance Center also contains a document library that stores and shares important information about compliance, including business process documentation that enables users to view the statistical status and control effectiveness of the organization's internal controls.
Compliance requires recording, documenting, and reporting exactly what happened, when, and by whom. These activities are fundamental to an effective compliance program. Users can view database logs quickly and can store compliance documents in the document library. From the Compliance Center, the Database Logs page makes it possible to view and filter data about changes to the database, for example, who made the changes and when the changes were made. The view is sorted by table name and shows a description of the record, date, type of change, created time, created date, user who created the record, current value, and previous value.
Users can also generate business process documentation by using the Task Recorder. Microsoft Dynamics AX also provides a number of reports to help monitor an organization’s compliance activities, including user permissions, object permissions, database log setup, alert setup, alert tracking, audit trail, and workflow tracking, and makes them available from the Compliance Center.