A Risk-Based Approach to Segregation of Duties

Sponsored By Ernst & Young

Topics:

Compliance & Governance

Finance & Risk Management

Technology

View White Paper now

Free registration is required

Abstract:

Segregation of Duties (SoD) is an integral part of a company's internal controls. It attempts to ensure no single individual has excessive system access that allows them to commit fraud or materially impact the financial statements. Spurred by Sarbanes-Oxley and similar control-related regulations worldwide, companies have never had a greater incentive to establish rigorous SoD policies and procedures.

By focusing on transactions that pose the greatest risk to the business, a company can quickly gain control over the underlying access issues and determine –- at a level that satisfies management, regulators and audit parties -- that the appropriate risks are being taken to remediate and mitigate the root causes of the issues

Without proper guidance and a sound approach, SoD testing, remediation, and mitigation may appear daunting, but a risk-based approach, as outlined in this white paper, can make the effort manageable for a company of any size.

DETAILS

Sponsored by: Ernst & Young

Released: December 18, 2008

Length: 16 pages

Format: PDF (2115 kb)

Email this abstract

These white papers are not created by the CFO.com editorial staff. In order to view these papers, you must register with CFO.com and agree to share your contact information with related product/service companies.

Search White Papers