Single Sign-On (SSO)
Authenticating into an application using the same account and identity provider that controls a firm's other systems, rather than a separate password that exists only for that one application.
Related terms
- Segregation of Duties (SoD)
A control principle that no single person should be able to both execute and conceal a transaction — for example, the person who creates a vendor master should not also approve payments to it.
- Significant Influence
The power to participate in the financial and operating policy decisions of an entity without having control over those policies — one of the tests for whether a party is "related" under Ind AS 24.
- Slow-Moving / Obsolete Inventory
Stock that has not moved for an extended period, or that is no longer saleable at its carrying value, usually requiring a provision down to net realisable value.
- SOC 1 Report
An independent assurance report on the controls at a service organization (such as a payroll processor) that a client has outsourced a process to, used by the auditor as evidence over that outsourced process.
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