Dear Audit-List subscriber,
I need your professional opinion and assessment.
As trained auditors you know there needs to be a segregation of duties between the employee responsible for setting up new vendor accounts in the A/P system and the employees responsible for accounts payable processing.
Given this basic auditing rule, in your opinion is it possible to have adequate segregation of duties between these functions and yet still have them report to the same manager?
Final questions, where in your organization does the person responsible for setting up new vendor accounts report? (A/P, I.S., Purchasing/Procurement, other)?
At risk of tainting your opinion I feel compelled to ask: 'Isn't the control processes followed by the person setting up the new vendors more important than their reporting structure?'
respectfully submitted,
Tim
Tim O'Brien
Sr. IS Auditor
Ball Corporation
[EMAIL PROTECTED]
