While not every segregation of duties (SoD) risk leads to fraud, it makes it more likely to happen. According to a 2016 KPMG report on internal fraud, weak controls were a contributing factor for 61 percent of fraud cases and over half of fraudsters were currently employed by the company.
It’s time (or almost time) for your yearly audit, where your organization’s access controls will be under the microscope so to speak. Don’t panic, but audits are simply getting tougher. This is due in part to COSO 2013 changes affecting internal controls. With that in mind you should ask yourself, “Is my SAP environment ready?” If you’re still using manual processes to manage areas of SAP, chances are your environment is not ready and could have underlying SoD risks.
While attending SAPinsider GRC 2016 Conference in Vienna this past week, we officially announced the opening of our first European office in the UK . With a growing number of European companies using Access Analyzer , it was the next logical step for us to have a physical presence in this market and we are beyond excited!