Top 5 Segregation of Duties Auditing Tips
Segregation of duties (SoD) is one of the most impactful internal controls your organization can use to minimize risks and maintain the integrity of your operations and financial systems. SoD also protects against intentional wrongdoing and inadvertent errors and provides your stakeholders with greater confidence in the reliability of your business processes and financial data. Traditionally, Segregation of Duties is siloed and monitors a single application or process. But business has transformed. Applications and cloud technology have proliferated, creating more workflows, integration points, and mitigating controls that must work harmoniously across many applications. Here are five tips to help you elevate your SoD auditing into the next generation. Top 5 tips for next-generation Segregation of Duties auditing 1. Have a strong understanding of your organization's processes and workflows Having a comprehensive understanding of your organization's processes and workflows is cr...