Last updated 6/2017
MP4 | Video: h264, 1280x720 | Audio: AAC, 44.1 KHz
Language: English | Size: 287.41 MB | Duration: 1h 34m
This course examines and discusses key roles and tasks that should be evaluated for proper segregation of duties.
What you'll learn
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.
Requirements
Some experience with Human Resources.
Description
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 custodyAuthorization and approvalRecordkeepingReconciliation
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 receivablesDisbursementProcure to payTreasury and cashInventoryPayrollIf you would like Continuing Education Credit (e.g. CPE, CE, CPD, etc.) for this course, it is available if you take this course on the Illumeo dot com platform under course title: Segregation of Duties for Core Business Processes. Illumeo is certified to provide CPE in over two dozen different professional certifications covering finance, accounting, treasury, internal audit, HR, and more. However, in order to receive CPE credit the courses must be taken on an 'approved-by-the-governing-body' CPE platform, and for over two dozen corporate professional certifications, that is the Illumeo platform. Go to Illumeo dot com to learn more.
Overview
Section 1: Introduction
Lecture 1 Introduction to Segregation of Duties for Core Business Processes
Lecture 2 SOD Basics
Lecture 3 Defining SOD
Lecture 4 Risks of Inadequate SOD
Lecture 5 SOD by Roles
Lecture 6 SOD Roles Procure to Pay
Lecture 7 SOD Roles Payroll
Lecture 8 SOD Receipting Function
Lecture 9 SOD Disbursement Function
Lecture 10 SOD Purchasing Function
Lecture 11 SOD Treasury
Lecture 12 SOD Payroll
Lecture 13 SOD Inventory
Lecture 14 Control Mechanisms
Lecture 15 Summary
Section 2: Supporting Materials
Lecture 16 Slides:Segregation of Duties for Core Business Processes
Lecture 17 Segregation of Duties for Core Business Processes Glossary/Index
Section 3: Review and Test
Anyone interested in Human Resources.,Anyone interested in Leadership and Management Skills.
Homepage
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