Proper Segregation of Duties for Internal Control

Course details

Segregation of duties (SOD) is the cornerstone of strong internal control. Inability to maintain proper SOD can hamper an organization's ability to deliver service efficiently. Personnel often struggle with the proper concepts of what contributes to SOD.  When resources are scarce, the concept is even more difficult.

This course delves deeper into core business processes and examines the concepts of which duties should be segregated to provide adequate internal control.

The basics of segregation of duties indicates 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