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Implementing Segregation of Duties Controls in Accounting Systems

This slide set covers the importance of segregation of duties, risk analysis, and steps involved in a case study for accounting information systems. Learn how to apply controls, assess risks, and utilize the SAP system.

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Implementing Segregation of Duties Controls in Accounting Systems

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  1. Module 2Segregation of Duties Case StudyIndividual Assignment Important Points of the Assignment These slides are designed to supplement the slides that you use in your standard textbook lectures. The contents of this slide set is intended to cover material not typically covered in the textbook material and to highlight the learning objectives of the assignment. Accounting Information Systems

  2. Slide Set Contents • 1. Learning Objectives • Segregation of Duties • Risk Analysis • Steps Involved in Case Study Accounting Information Systems

  3. Primary Learning Objectives • Understand how to implement segregation of duties controls • Begin to understand the role of risk assessment in implementing controls • Applying the principles of segregation of duties to a case study • Determining how segregation of duties can be applied to a computerized system • Investigating how the SAP system assigns authorizations to users Accounting Information Systems

  4. Segregation of Duties • Segregation of duties is one of the strongest controls within an accounting system • The following duties should be segregated: • Authorization of the transaction • Recording of the transaction • Custody of assets involved in the transaction • Independent verification and reconciliation of the transactions Accounting Information Systems

  5. Risk Analysis • All control assessments, including the segregation of duties, should be based on the analysis of risks • Control should then be apllied in order to medigate those risks • Risks have two components • Threats • Vunerabilities Accounting Information Systems

  6. Steps Involved in the Case • The case deals with the revenue cycle (sales to cash business process) of a hypothetical company • The case consists of four parts • Risk assessment – analyze the threats to the company;s revenue cycle • Allocating tasks to employees to properly segregate duties • Developing an authorization matrix for segregating duties on a computerized system • Examining how the SAP system assigns authorizations to users Accounting Information Systems

  7. Steps Involved in the Case • The case is divided into two separate assignments • The first assignment deals with the first two steps of the case (risk assessment and task assignment) • The second assignment deals with the second two steps of the case (authorization matrix and examination of the SAP system) Accounting Information Systems

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