Dear ,
What makes segregation of duties so important? Segregation of Duties (SOD) is a basic building block of sustainable risk management and internal controls for a business and is now made mandatory as a part of the annual audit requirements.
As per the Securities and Exchange Board of India circular SEBI/HO/MRD1/ICC1/CIR/P/2020/03, dated January 07, 2020, every Annual System Audit should comply with the areas mentioned in order to ensure that the audit is comprehensive and effective.
The System Audit Program – Terms of Reference (TOR) section refers to the best practices for maintaining proper Business Controls, Access Policy & Controls, and General Access Controls in which maintaining Segregation of Duties and Access Controls is one of the main areas.
ToggleNow offers an affordable SoD Management solution - Verity - A certified solution by SAP AG to address your annual audit requirements.
Verity can be implemented within a week's time and supports SAP ECC, S/4 HANA systems. To know more about the product and a quick demo, use the link below:
https://calendly.com/tnowsoftware/60min
It's time to make your organization audit ready!
Regards,
Kritika
I am a proud member of #SmartSales @ ToggleNow
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