Segregation of duties (SoD) is an essential, critical 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 ordinary course of daily business. Segregation of duties provides two benefits: 1) deliberate fraud becomes more difficult because it requires the collaboration of two or more persons, and 2) it is much more likely that innocent errors will be found. 

It means that no single individual should have control over two or more phases of a transaction or operation at the most basic level. 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.

Learning Objectives:

• Identify the four types of SoD conflicts at the corporate level


• Recall 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


• Recall specific examples of compensating controls for the AP process


• Identify the components of an effective SoD policy