Segregation of duties (SOD) is the cornerstone of strong internal control. The 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 will delve deeper into core business processes and examine the concepts of which duties should be segregated to provide adequate internal 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 categories: Asset custody, Authorization and approval, Recordkeeping, and Reconciliation.
This Course will examine each of the following business processes and discuss key roles/tasks that should be evaluated for proper segregation of duties.
Join this CPE Auditing webinar to gain a comprehensive understanding of the essential principles of segregation of duties (SOD) and how to apply them effectively in various core business processes, enhancing your organization's internal control and operational efficiency.
Owner, Lynn Fountain Consulting and Training
Lynn Fountain has over 39 years of experience spanning public accounting, corporate accounting and consulting. 20 years of her experience has been working in the areas of internal and external auditing and risk management. She is a subject matter expert in multiple fields including internal audit, ethics, fraud evaluations, Sarbanes-Oxley, enterprise risk management, governance, financial management and compliance. Lynn has held two Chief Audit Executive (CAE) positions for international companies. In one of her roles as CAE, she assisted in the investigation of a multi-million-dollar fraud scheme perpetrated by a vendor that spanned 7 years and implicated 20 employees. The fraud was formally investigation by the FBI and resulted in 5 indictments estimating a $13M fraud loss.
Ms. Fountain is currently engaged in her own consulting and training practice. She has successfully executed on several consulting assignments spanning areas of accounting, risk, ERM and internal audit. She is a highly sought-after trainer and international speaker and has produced hundreds of courses delivered through seminars, conferences and on-demand training. She is the author of three separate technical books.
Ms.
Fountain obtained her BSBA from Pittsburg State University and her MBA from
Washburn University in Kansas. She has her CPA, CGMA, CRMA credentials.
Course Level
Credits
Instructional Method
Pre-requisites
Advance Preparation
MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478
MY-CPE LLC (Sponsor Id#: 143597) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org.
33 Ratings
ME
Apr 19th, 2024
Currently studying for my CIA exam and this course really helped me understand the business processes that must be handled by different individuals and/or departments to achieve proper segregation of duties.
RM
Nov 2nd, 2023
I appreciate the myCPE webinars. The subject matter is aligned to my job and I love the fact that there are so many to choose from. It allows me to meet my CPE requirements in my busy work day.
MA
Oct 30th, 2023
Although I work for a non-publicly traded company, it's good to revisit this topic to ensure that my areas as operating as separately and efficiently as possible.
JB
Oct 24th, 2023
Great examples for viewers to compare with their organizations, regardless of what level they are within the organization
JB
Feb 25th, 2024
From start to finish, the webinar offered invaluable insights, practical strategies that left a lasting impact.
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