Case Study

Segregation of Duties (SoD) Concepts by CPA Academy

Segregation of duties is a basic, key internal control and one of the most difficult to achieve. It is used to ensure that errors or irregularities are prevented or detected on a timely basis by employees in the normal course of business. Segregation of duties provides two benefits: 1) a deliberate fraud is more difficult because it requires collusion of two or more persons, and 2) it is much more likely that innocent errors will be found.

At the most basic level, it means that no single individual should have control over two or more phases of a transaction or operation. This webinar will explore specific concepts, examples and applications of the segregation of duties control at the corporate level and will use the accounts payable (AP) process as an example.

Why should you attend this webinar?

  • Identify the four types of SoD conflicts at the corporate level
  • Obtain examples of SoD controls at the corporate level and for the AP process
  • Recognize SoD conflicts that can exist within the AP process at the transaction and system level
  • Obtain specific examples of compensating controls for the AP process
  • Identify the components of a SoD policy

Agenda

  • Introduction to the Segregation of Duties (SoD) Controls
  • Defining SoD Conflicts
    • Corporate Level
    • AP Process Level
  • When to Consider Compensating Controls
  • The Specifics of a SoD Policy
  • Case Study
  • Q&A