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Separation / segregation of duties (SoD)

1. Brief Description:

Separation/segregation of duties (SoD) is a critical control that ensures that no single individual has the power to compromise an organization’s operations. It is a preventive measure that helps to reduce the risk of fraud and errors by ensuring that no one person can control all aspects of a particular transaction or process.

2. Key Topics:

  • Definition and importance of SoD
  • Types of SoD conflicts
  • Risks associated with inadequate SoD
  • Best practices for implementing SoD controls
  • SoD in the context of various regulatory frameworks

3. Audience:

The course is intended for individuals responsible for ensuring the effective implementation of internal controls within their organization, including risk management professionals, compliance officers, and internal auditors.

4. Learning Objectives:

  • Understand the concept and importance of SoD
  • Identify different types of SoD conflicts and their associated risks
  • Learn how to design and implement effective SoD controls
  • Understand the role of SoD in compliance with various regulatory frameworks
  • Develop an understanding of best practices for monitoring and maintaining SoD controls.

More Details

Day 1:

  1. Introduction to Separation of Duties (SoD) and its importance
  2. Understanding the key principles of SoD and how it can be implemented
  3. Identifying the potential risks and consequences of not having an effective SoD framework
  4. Case studies/examples of successful SoD implementation and the benefits achieved
  5. Overview of different tools and technologies available to support SoD implementation
  6. Hands-on exercise to create a SoD matrix and identify potential conflicts of interest

Day 2:

  1. Review of SoD matrix and potential conflicts identified
  2. Discussion on how to mitigate and manage conflicts of interest
  3. Strategies for monitoring and enforcing SoD policies
  4. Understanding the role of internal audit in ensuring compliance with SoD policies
  5. Group activity to design a SoD compliance program
  6. Conclusion and next steps for implementing SoD policies in the organization.

Fees for certification and assessments are incorporated into the cost of the course. ConimCert will provide a comprehensive set of educational materials that include explanations, guidance, and practical examples. Upon finishing the course, participants will receive a statement verifying their accomplishment, which carries a noteworthy amount of CPD (Continuing Professional Development) credits. For more details, feel free to reach out to us at trainings@conimcert.com.

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Additional Information

Price: 90 AZN