Why Should You Attend:
Segregation of duties promotes the use of sound business practices and supports the achievement of a business process objective. When designing segregation of duties controls for a business or financial process, most business process owners start with identifying incompatible functions and then define the segregation of duties and systems access controls. However, the segregation of duties control cannot always be achieved in certain situations due to staffing limitations.
In some cases, an employee will perform all activities within a process. In this scenario, segregation of duties does not exist and risk cannot be identified nor mitigated in a timely manner. As a result, the implementation of additional compensating controls should be considered.
Many companies include compensating controls in their internal controls programs as additional measures to reduce risk. These controls can be embedded in continuous controls monitoring (CCM) and controls self-assessment (CSA) processes. Learn about specific examples of compensating controls and why they should be implemented at your company to augment existing control programs.
Areas Covered in the Webinar:
Who Will Benefit:
Chris has been the owner and president of Doxey, Inc. since 2012. She provides management consulting services to clients such as NACHA, Oracle and Mastercard. She advises her clients on how to implement leading edge best practices and automation in the areas of internal controls, risk management and metrics for financial operations. She specializes in the procure to pay (P2P), order to cash (O2C) and record to report (R2R) processes.
Chris held senior finance and controller positions at Digital Equipment Corporation, Compaq, and Hewlett Packard and MCI which allowed her to develop and implement standards of internal control and leading practices for all aspects of financial operations. She was recruited to lead WorldCom (MCI) in the implementation of SOX 404, internal controls, and corporate governance policies and procedures.
Chris also held senior management positions at accounts payable recovery firms which included APEX and Business Strategy, Inc. (BSI). As a consultant, she worked with PRGX to implement a self-audit tool for the accounts payable payment process.
She holds a bachelor's degree in English, a bachelor's in accounting, a master's in business administration, and has a graduate certificate in project management. She is a Certified Accounts Payable Professional (CAPP) and holds a Certification in Controls Self-Assessment (CCSA). Chris is also a Certified Internal Controls Auditor (CICA), and a Certified Professional Controller (CPC).
Chris is a member of the Institute of Internal Auditors (IIA), the Institute for Internal Controls (The IIC), and the Institute of Management Accountants (IMA). She is also a member of the advisory board for The IIC and The Exchange Summit.
Chris a sought after speaker at global conferences and presents several webinars each year. As a published author, she writes numerous blogs and whitepapers. Her books, “The Internal Controls Toolkit” and “The Fast Close Toolkit” will be published by Wiley later in 2019.
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