Strengthen internal controls and mitigate risk by mastering the evaluation of critical workflows to prevent fraud and ensure operational compliance.
This course provides a practical overview of segregation of duties (SOD) as a core internal-control concept used to reduce the risk of error, fraud, misuse of assets, and inappropriate concentration of authority. Learners examine how SOD applies across common business processes, including revenue and receivables, disbursements, procure-to-pay, treasury and cash, inventory, and payroll. The course emphasizes how to evaluate real workflows, identify incompatible duties, assess role assignments and system access, and design compensating controls when full separation is not practical. By focusing on both process design and day-to-day execution, the course helps learners understand how SOD supports accountability, protects employees, strengthens audit trails, and improves the durability of internal controls as organizations grow and change.
Learning Objectives
Lynn Fountain has over 45 years of experience spanning public accounting, corporate accounting and consulting. 24 years of her experience has been working in the areas of internal and external auditing. She is a subject matter expert in multiple fields including internal audit, ethics, fraud evaluations, Sarbanes-Oxley, enterprise risk management, governance, financial management and compliance. Ms. Fountain has held two Chief Audit Executive positions for international companies. In 2011, as the Chief Audit Executive for an international construction/ engineering firm, she was involved in the active investigation of a joint venture fraud. The investigation included work with the FBI and ultimately led to indictment of the perpetrators and recovery of $13M. Ms. Fountain is currently engaged in her own training and consulting business and is a regular trainer for the AICPA. Ms. Fountain is the author of three separate technical books. “Raise the Red Flag – The Internal Auditors Guide to Fraud Evaluations” was published by the Institute of Internal Auditors Research Foundation. -“Leading The Internal Audit Function” and -“Ethics and The Internal Auditor Political Dilemma” were published by Taylor & Francis In addition Ms. Fountain was a contributing author to the certification program exam for the National Association of Accountants. She also has certificate programs on various on-line platforms. Ms. Fountain has performed as an adjunct instructor for the School of Business for Grantham University and developed the first internal audit curriculum for the School of Business at the University of Kansas. Ms. Fountain obtained her BSBA from Pittsburg State University and her MBA from Washburn University in Kansas. She has her CGMA, CRMA credentials and CPA certificate (non-active).
