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?
Hi Tim,
At Michigan Tech, our new vendors are created by Purchasing staff, but both Accounts Payable and Purchasing report to our Controller. I don't think that compromises the segregation of duties. Our Accounts Payable staff do not have access to create new vendors, and neither does our Controller.
Good luck!
Sharon
Sharon J. Haapala, CIA, Auditor
Michigan Technological University
906-487-1994
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