Common Questions on Segregation of Duties - （常见问题职责分离,）.pdfVIP

Segregation of Duties – Why is it important? Common Questions on Segregation of Duties •Why should duties be segregated? •What duties should be segregated? •How can management determine if duties are properly segregated? •What if management has inadequate staff to properly segregate all duties? Internal Audit Department “We’re here to help!” Segregation of Duties – Why is it important? Why Segregate Duties? To provide assurance that transactions are: Valid Accurately reported In compliance with rules and regulations In accordance with the University’s goals and objectives Internal Audit Department “We’re here to help!” Segregation of Duties – Why is it important? Problems from Lack of Segregation of Duties Administrative errors may not be detected timely since an independent review of transactions may not be occurring. Inappropriate or unauthorized transactions are permitted to occur since one individual controls a major portion of the revenue, expenditure, or payroll function. Internal Audit Department “We’re here to help!” Segregation of Duties – Why is it important? The COST of Not Segregating Duties •Staff time to research and res