DAY 6 OF 100 AUDIT LESSONS · Risk & Controls
Understand Segregation of Duties
One person should not control incompatible stages of a transaction without an effective compensating control.
Why this matters
Look beyond job titles and follow who can initiate, approve, record and review.
Take it into your next audit
Do not treat this lesson as theory. Connect it to the process objective, the risk, the control and the evidence available. Ask what the lesson changes about the way you plan, test, discuss or report your work.
Auditribe takeaway: Look beyond job titles and follow who can initiate, approve, record and review.
Want practical tools for your next audit?
Explore the free resources, The 360° Guide to Auditing and Steal My Checklist.
Explore Auditribe resources