Ensuring Job Functions are Segregated
It’s estimated that workplace theft costs U.S. businesses $50 billion a year. No one wants to think about an employee stealing from their organization. After all, we trust them with our data, capital, and IP. But that staggering annual figure means internal theft can happen – and is happening – to virtually all types of organizations.
We aren’t saying you should stop trusting your employees. But, we do suggest putting some controls in place to protect your operations.
One control you can use to lower the odds of workplace theft is ensuring job duties are well segregated. Segregation of duties often gets murky when you’ve changed staff, made upgrades to software, or started using different technology. When these types of changes happen, the original segregation deteriorates without anyone really realizing it.
Our simple segregation of duties test can bring you peace of mind.
Barnes Dennig can take a look at your business process, match the process with the job description, and ensure that software settings only allow employees to complete the tasks necessary to perform their jobs. We’ll test a wide variety of internal controls including things like:
- Control activities
- Separate authorization, recordkeeping, and custody of related assets
- Online banking
We’ll let you know if your processes performed as expected and provide recommendations for potential improvement where appropriate
We’ve developed and tested internal controls and IT controls for hundreds of businesses and non-profit organizations – so we know what’ll work to keep you protected.
See how we can help you continue to trust your employees while putting some simple protections in place. If you’re concerned that fraud might’ve already occurred, our fraud and forensic services team can investigate to alleviate your fears.