What You will Learn

The Public Company Accounting Oversight Board (PCAOB) defines Segregation of Duties as “Assigning different people the responsibilities of authorizing transactions, recording transactions, and maintaining custody of assets is intended to reduce the opportunities to allow any person to be in a position to both perpetrate and conceal errors or fraud in the normal course of his or her duties.”  Discover how to identify if segregation of duties exist in your Procure-To-Pay (P2P) process, and if so, how to mitigate with preventative and detective controls.

After this session participants will be able to:

1. Understand how segregation of duties can lead to internal fraud and the latest information on characteristics of internal fraudsters
2. Identify the activities in the Procure-to-Pay (P2P) process that should not be performed by the same team member
3. Understand how to mitigate segregation of duties using compensating controls to prevent internal fraud
4. Use the Segregation of Duties Audit and Desktop Procedure templates to perform an audit 

To enroll in this training session:
1. Click the "PURCHASE" or "ACCESS" button above.
2. Attend Live: Click the link in the first section to register for the live session.
3. Watch On-Demand: Access the recording and handouts sections.

Additional Information

• Session Recording:  On-demand recordings will be available within 24 hours of the live session.  The last recorded session will remain available until the next live session recording replaces it. 
• IOFM CEU Credit(s) is (are) earned for live, in-person or recorded sessions after the successful completion of the exam.
• ACFE CPE Participant Credit(s) is (are) earned for live or in-person after the successful completion of the exam.
• ACFE CPE Self-study Credit(s) is (are) earned for or recorded sessions after the successful completion of the exam. 
• Session Access:  Access is available for one year from original enrollment date, or at the expiration of a Training Pass membership.
• Prerequisites:  None
• Who Should Attend:  This training session is for employees performing or managing the vendor setup and maintenance process.  This includes adding and updating vendor records, as well as responding to vendor inquiries regarding vendor data included on the vendor record. 
• Advanced Preparation:  None
• Program Level:  Beginner
• Delivery Method:  Group Internet,  Self-Study,  In-Person
• Field of Study:  Accounts Payable, Procure-to-Pay, Production, Fraud Prevention and Deterrence
• Live Attendance:  All students attending live sessions must log on within the first 20 minutes.  Debra R Richardson LLC reserves the right to end any scheduled live training session after 20 minutes if no registered students have logged into the session.
  
• Refunds and Cancellations:  Requests for refunds must be received in writing.  A full refund is available for any training session not attended or recording not viewed.  Rescheduling to a future session is available at no cost up to one year after the original purchase.  Vendor Process Training Pass Members will not be subject to a refund nor a cancellation fee as this session is included in the cost of the training pass, and the member will have access until the expiration date of the training pass. For more information regarding refund, complaint, and/or program cancellation policies please contact our offices at 313-572-1598.