Dividing Responsibilities for Business Process

Business - Lynn Fountain

Isolation of obligations (SOD) is the foundation of solid inner control. Powerlessness to keep up appropriate SOD can hamper an association's capacity to convey benefit proficiently. Faculty regularly battle with the correct ideas of what adds to SOD. At the point when assets are rare, the idea is considerably more troublesome.

A different course titled "Isolation of obligations for the workplace of the CFO" featured why and how the workplace of the CFO should give careful consideration to the isolation of obligations (SOD). This course digs further into center business forms and inspects the ideas of which obligations ought to be isolated to give satisfactory inside control.

The basics of segregation of duties indicate that no one individual should be given or assigned job functions in more than one of the following categories:

  • Asset custody
  • Authorization and approval
  • Recordkeeping
  • Reconciliation

This course examines each of the following business processes and discuss key roles/tasks that should be evaluated for proper segregation of duties.

  • Revenue and receivables
  • Disbursement
  • Procure to pay
  • Treasury and cash
  • Inventory
  • Payroll

 

 

Learning Objectives:

  • Explore the definition of segregation of duties (SOD), and recognize how it applies to roles and processes.
  • Identify risks of inadequate SOD.
  • Recognize how SOD applies to individual business processes.
  • Identify SOD opportunities in role assignments.
  • Discover control mechanisms.

Instructor

Lynn Fountain

Consultant and Audit Executive

Lynn has over 30 years of experience in the business profession, which includes public and industry…

Training 5 or more people?

Get your team access to WIISE top 2,000 courses anytime, anywhere.

Try WIISE for Business

What will you cover?

  •   Introduction 00:04:25
  •   SOD Basics 00:08:08
  •   Defining SOD 00:02:05

Instructor

Lynn Fountain

Consultant and Audit Executive

Lynn has over 30 years of experience in the business profession, which includes public and industry…

Training 5 or more people?

Get your team access to WIISE top 2,000 courses anytime, anywhere.

Try WIISE for Business
Course Projects Not found ! in this Course
Attachments
No Attachments found ! in this Course