Segregation of Duties
Using your knowledge of Warren Sports and its three employees, including the flowcharts, perform the following SOD analysis for the purchasing/disbursements cycles:
1) Briefly list the key processes/activities/controls/or duties in each cycle.
2) Categorize the items listed in 1 as either Authorization, Custody, Recording, a Reconciliation, a Process or N/A.
3) Perform an analysis to determine if Warren Sports has proper segregation of duties in these two cycles and conclude. If duties conflicts are noted, discuss the risk and conclude.
Utilize three worksheets in a spreadsheet to analyze 1, 2 and 3 above. 3 may be a short essay (on tab 3 of your spreadsheet).