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Software Functionality Revealed in Detail
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 segregation of accounting duties


SOX Segregation of Duties Matrix
I'll get to the downloadable SOX segregation of duties matrix in a moment, but first let me address a question from one of our readers.Needless to say, I

segregation of accounting duties  Segregation of Duties Matrix I'll get to the downloadable SOX segregation of duties matrix in a moment, but first let me address a question from one of our readers. Needless to say, I appreciate all feedback, including one recent comment regarding my article Segregation of Duties and Its Role in Sarbanes-Oxley Compliance Issues : Mr. Hankewicz mis-states Section 404 in his article Segregation of Duties and Its Role in Sarbanes-Oxley Compliance Issues.   He says this section (404) is a comprehensive

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Software Functionality Revealed in Detail

We’ve opened the hood on every major category of enterprise software. Learn about thousands of features and functions, and how enterprise software really works.

Get free sample report
Compare Software Solutions

Visit the TEC store to compare leading software by functionality, so that you can make accurate and informed software purchasing decisions.

Compare Now

Small Business Software (SBS)

The Small Business Software (SBS) evaluation model targets functional requirements for fully featured solutions designed to support all business requirements of a typical small business. Extending beyond mere accounting functions, it is primarily applicable to those businesses for which full-scale ERP software may be too complex or cumbersome. However, the model of SBS solutions includes all the essential categories such as General Ledger, Accounts Payable (A/P) and Accounts Receivable (A/R), Payroll, Job and Project Costing, Multinational Accounting, Light Manufacturing, Inventory, Technology, and much more. 

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Selecting Manufacturing ERP for ISO 26000 Compliance


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segregation of accounting duties  Sarbanes-Oxleycompliance typically involves rigid segregation of duties so that no single person can, for instance, create a vendor in the ERP system and then approve checks to that vendor. This would prevent someone from either paying large sums to themselves or to another individual inside or outside of the company for illicit purposes. At the very least, these preventive controls would mean that non-authorized funds cannot be paid without a good deal of collusion among various parties in the Read More

Segregation of Duties and Its Role in Sarbanes-Oxley Compliance Issues


The Sarbanes-Oxley Act (SOX) requires publicly traded firms to demonstrate that their accounting and reporting practices are in compliance with regulatory standards. Section 404 of SOX addresses the concept and practice of segregation of duties—a key aspect of this legislation, and the focus of this article.

segregation of accounting duties  Key audit control standards. Segregation of Duties Within SOX is a provision entitled Section 404. This section is a comprehensive list of accepted internal controls organizations must have in place to be deemed SOX-compliant. The list targets application internal controls and highlights areas where fraudulent reporting is likely to occur, whether intentional or not. Among key provisions in this section is segregation of duties (SOD). SOD aims to close loopholes that would otherwise permit questionable Read More

Thou Shalt Comply (and More), or Else: Looking at Sarbanes-Oxley


Compliance with the US Sarbanes-Oxley Act (and a slew of other regulations) is crucial for all businesses, as failure to comply with the law’s strict standards and policies can spell disaster for executives and upper management of any enterprise.

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Global Trade and the Role of Governance, Risk Management, and Compliance Software


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segregation of accounting duties  the entire business; avoid segregation of duties (SOD) conflicts (by instituting key controls within the underlying enterprise system), and to protect sensitive data with the right security and authorization techniques; continuously monitor, test, and document the efficacy of internal controls, and to validate and reconcile data for compliant reporting; tighten critical business processes and close gaps that could jeopardize compliance with the US Sarbanes-Oxley Act (SOX), Occupational Safety and Health Read More

The Future of Talent Management: Underlying Drivers of Change


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segregation of accounting duties  Future of Talent Management: Underlying Drivers of Change The next generation of talent management practices and solutions will largely be driven by economic evolution, demographic changes, and technology advancements. These factors are dramatically influencing the way people work, the way companies are organized, and the way talent is managed. This paper explores how current business and talent management processes and technology must evolve in order to effectively deliver business value in the next 5 Read More

Top Accounting Software Comparisons 2010


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Confessions of a Techno Junkie


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segregation of accounting duties  IV Accounting for Windows CYMAIV Accounting for Windows is a family of accounting software systems designed specifically for Windows users (98, ME, NT, 2000, 2003 Server). The software includes the following modules: Accounts Payable, Accounts Receivable, After-The-Fact Payroll (Client Write-Up), Bank Reconciliation, General Ledger, Job Costing, Payroll, Purchase Order, System Manager. Integrated third party add-ons include: State Payroll Forms, MICR Check Package, Crystal Reports, F9. Read More

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segregation of accounting duties  Integrated Information Management Infrastructure: The Business Value of the Best-of-Suite Approach Overlooking how an application fits into your overall IT landscape can lead to costly implementations. But addressing data management with middleware solutions that work seamlessly with existing applications in your company’s IT environment can lead to significant benefits. Explore the value of technology decisions that support and maintain infrastructure-wide interoperability with regard to your data Read More

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segregation of accounting duties  of ERP Investments Part Three: Costs of Implementing an ERP System Enterprise resource planning (ERP) implementation costs can be divided into one-time costs and ongoing annual costs. Both types of costs can be segmented into hardware, software, external assistance, and internal personnel. *This is Part Three of a four-part article reprinted from Maximizing Your ERP System by Dr. Scott Hamilton. Bridging the theory and realities of current ERP systems, Maximizing Your ERP System provides Read More

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segregation of accounting duties  2011 Buyer's Guide to Accounting and Financial Software Too often, finance professionals must contend with outdated financial and accounting systems that present spiraling overhead costs, functional limitations, and unnecessary risks. And that makes it challenging for them to respond to complex business issues such as frequent regulatory change and increased compliance challenges--as well as requirements for visibility across multiple entities, currencies, and tax and regulatory frameworks. Download Read More