Source: www.knowledgeleader.comPurposeInstructionsA fundamental element of internal control is the segregation of certain key duties. The basic idea underlying segregation of duties is that no employee or group should be in a position both to perpetrate and to conceal errors or fraud in the normal course of their duties. In general, the principal incompatible duties to be segregated include: - Custody of assets- Authoriation or appro!al of related transactions affecting those assets- "ecording or reporting of related transactions- #$ecution of the transaction or transaction acti!ityAn essential feature of segregation of duties%responsibilities within an organiation is that no one employee or group of employees has e$clusi!e control o!er any transaction or group of transactions.&ased on the abo!e criteria, this worksheet has been designed to highlight conflicting duties performed by one indi!idual or group of indi!iduals 'potential lack of proper segregation of duties(. Audit teams are encouraged to use this form to help identify potentially commingled duties within accounting processes that may constitute a control weakness.)( The Tester should in*uire to determine which indi!iduals are responsible for certain duties within the company%location. +( The matri$ should be used to determine if there is potential for a segregation of duties conflict. ,se the following key to identify the potential financial risk and segregation of duties conflicts:X - Segregation of duties conflictH - High financial riskM - Medium financial riskL - Low financial risk-( The potential issues should be in!estigated to ensure a mitigating control pre!ents the indi!iduals from performing both tasks..( If a control is not present, a conflict of duties may be present.Source: www.knowledgeleader.comA fundamental element of internal control is the segregation of certain key duties. The basic idea underlying segregation of duties is that no employee or group should be in a position both to perpetrate and to conceal errors or fraud in the normal course of their duties. In general, the principal An essential feature of segregation of duties%responsibilities within an organiation is that no one employee or group of employees has e$clusi!e control o!er any transaction or group of transactions.&ased on the abo!e criteria, this worksheet has been designed to highlight conflicting duties performed by one indi!idual or group of indi!iduals 'potential lack of proper segregation of duties(. Audit teams are encouraged to use this form to help identify potentially commingled duties within )( The Tester should in*uire to determine which indi!iduals are responsible for certain duties within +( The matri$ should be used to determine if there is potential for a segregation of duties conflict. ,se the following key to identify the potential financial risk and segregation of duties conflicts:-( The potential issues should be in!estigated to ensure a mitigating control pre!ents the indi!iduals Segregation of /uties 0atri$ - 1erformance Task "isk AssessmentSource: www.knowledgeleader.com -AP Voucher EntryAP PaymentsVendor (add/delete/change)Bank Reconciliation APBank Reconciliation ARAR Cash ApplicationAR Clear Customer AccountItem Master Maintenance

er!ice Master MaintenancePurchase Re"uisitioningRelease Purchase Re"uisitionPurchase #rder EntryPurchasing Agreements$oods Receipt on P#

er!ice Receipts EntryPhysical In!entoryIn!entory Ad%ustments

ales Agreement/Contracts

hip ProductCustomer Master MaintenanceCustomer Master (Credit)

ales In!oicing

ales In!oice Release

ales #rder Entry

ales #rder Release

ales Pricing Maintenance

ales Re&ates#pen/Close $eneral 'edgerPost (ournal EntriesAppro!e (ournal EntriesInitiate )ire *rans+ersAppro!e )ire *rans+ersAppro!e Asset Ac"uisitions,i-ed Asset ReconciliationProcess PayrollPayroll Bank ReconciliationsMaintain

ecurity*ask $roup .escription Grp 1 2! " # $ % & 1' 11 12 1 1! 1" 1# 1$ 1% 1& 2' 21 22 2 2! 2" 2# 2$ 2% 2& ' 1 2! " # $ % & !' !1 !2 !AP Voucher Entry 1AP Payments 2Vendor (add/delete/change) Bank Reconciliation AP !upplier Master Maintenance "Bank Reconciliation AR #AR Cash Application $AR Clear Customer Account %Item Master Maintenance &er!ice Master Maintenance 1'Purchase Re"uisitioning 11Release Purchase Re"uisition 12Process Purchase Re"uisition 1Purchase #rder Entry 1!Purchasing Agreements 1"$oods Receipt on P# 1#er!ice Receipts Entry 1$Physical In!entory 1%In!entory Ad%ustments 1&ales Agreement/Contracts 2'hip Product 21Customer Master Maintenance 22Customer Master (Credit) 2ales In!oicing 2!ales In!oice Release 2"ales #rder Entry 2#ales #rder Release2$ales Pricing Maintenance 2%ales Re&ates 2pen/Close $eneral 'edger 'Post (ournal Entries 1Appro!e (ournal Entries 2

Initiate )ire *rans+ers !Appro!e )ire *rans+ers "Appro!e Asset Ac"uisitions #$,i-ed Asset Reconciliation %Employee Master ,ile (add/delete) &Process Payroll !'!1Payroll Bank Reconciliations !2Maintain ecurity !

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u&/'edgers to $eneral 'edgerRecord ,i-ed Assets into ,i-ed Asset

ystemEmployee Master ,ile (add/delete)Issue Payroll Checks (Manual or Electronic)Reconciliation o+ u&/'edgers to $eneral 'edgerRecord ,i-ed Assets into ,i-ed Asset ystemIssue Payroll Checks (Manual or Electronic)