Register today for Oracle CloudWorld. October 17th - 20th, Las Vegas

Register now

Hillel Cooperman, Senior VP of User Experience Design, has a message for you on Oracle CloudWorld

Watch now
Compensating Controls to Mitigate Risk — Cloud Customer Connect
You're almost there! Please answer a few more questions for access to the Applications content. Complete registration
Interested in joining? Complete your registration by providing Areas of Interest here. Register

Compensating Controls to Mitigate Risk

Question
52
Views
0
Comments

Summary

Learn about compensating controls as an additional risk management tool.

Content

Introduction

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.

Tagged:

Howdy, Stranger!

Log In

To view full details, sign in.

Register

Don't have an account? Click here to get started!