Episode 135 of the Accounting Best Practices podcast looks at Fine Tuning Your Control process. It’s worth a listen. You can have too many controls, to few controls or just the wrong controls. Frankly if you’re looking at controls with any of the Dynamics ERP products, listen to the podcast and then look at FastPath’s Assure product.
Accounting Best Practices Podcast
Archived post from 2012. Dynamics GP and the links it points to have changed since; check current documentation before relying on version-specific steps.