Hi Global Risk Community member
The analyst group, Gartner, has said, "Effective segregation of duties (SOD) controls can reduce the risk of internal fraud by up to 60% through early detection of internal process failures in key business systems."
And in a survey by KPMG, over 50% of respondents said they have more than 10 in-scope business applications for SOX compliance, but less than 30% of them had a tool that supports cross-application SOD reviews.
Failure to maintain adequate segregation of duties across multiple business applications can lead to regulatory compliance violations, fines, loss of data, and fraud.
To help companies understand how SOD can be managed effectively, Fastpath has produced an eBook, Segregation of Duties: Basics and Applications. This eBook discusses:
- What Is Segregation of Duties?
- Segregation of Duties and SOX Compliance
- Implementing Segregation of Duties
- Roles and Role Creation
- Access Reviews and Certifications
- Cross-Application SOD Conflicts