Segregation of duties (SOD) is a critical foundational concept for the accounting function of any business, whether it’s privately held or publicly traded. While that’s not exactly breaking news, that doesn’t mean organizations can afford to be complacent when it comes to ...
Segregation of Duties – SoD Segregation of Duties – SoD Applies to:Segregation of Duties GRC SAP Access Control Suite.Summary Under growing pressure of various regulatory standards by different governments such as SOX, an US accounting law, it is clear that there should be properly defined and ...
The article discusses the "Segregation of AP duties matrix," to help determine potentially conflicting accounts payable (AP) duties that can lead to internal control problems. The matrix identifies major AP tasks which include recordkeeping, approval, supervision and control, and lays out who is ...
Although the risk isn’t life or death when it comes to public sector accounting, a lack of oversight can still be quite harmful to a significant number of people. If you don’t think you have time to segregate duties, do you have time to fail an audit due to m...