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
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.