Segregation of duties - Revision history

imported>Doug Williamson: Add link.

2022-05-11T21:40:31Z

Add link.

← Older revision		Revision as of 21:40, 11 May 2022
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	* [[Reporting]]		* [[Reporting]]
	* [[Settlement]]		* [[Settlement]]


			==Other resource==
			*[https://www.treasurers.org/node/8446 ACT masterclass - segregation of duties]

	[[Category:Ethics]]		[[Category:Ethics]]
	[[Category:Treasury_operations_infrastructure]]		[[Category:Treasury_operations_infrastructure]]

imported>Doug Williamson: Add links.

2022-05-09T16:55:22Z

Add links.

← Older revision		Revision as of 16:55, 9 May 2022
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	In a larger organisation each of the following departments cannot perform tasks for other departments, each is separate - front office, risk management, compliance, legal, operations, finance,		In a larger organisation each of the following departments cannot perform tasks for other departments, each is separate - front office, risk management, compliance, legal, operations, finance, etc.
	etc.
	Within each department, responsibilities are split & access rights to systems & information is on a need to have basis to perform the tasks.		Within each department, responsibilities are split & access rights to systems & information is on a need to have basis to perform the tasks.


			:<span style="color:#4B0082">'''''Segregation of duties - dealing, settlement and reporting'''''</span>

			:“The front office does the deal, but doesn’t settle the money.

			:The back office settles the money, but doesn’t do the deal.

			:Historically, the middle office is a control function that does the reporting and ensures that system controls are enforced."

			:''Naresh Aggarwal, associate policy and technical director, Association of Corporate Treasurers, May 2022.''


	==See also==		==See also==
			* [[Back office]]
	* [[Compliance]]		* [[Compliance]]
	* [[Control]]		* [[Control]]
			* [[Deal]]
	* [[Duty]]		* [[Duty]]
	* [[Four eyes]]		* [[Four eyes]]
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	* [[Fraud Advisory Panel]]		* [[Fraud Advisory Panel]]
	* [[Front office]]		* [[Front office]]
			* [[Middle office]]
	* [[Operations]]		* [[Operations]]
			* [[Reporting]]
			* [[Settlement]]

	[[Category:Ethics]]		[[Category:Ethics]]
	[[Category:Treasury_operations_infrastructure]]		[[Category:Treasury_operations_infrastructure]]

imported>Doug Williamson: Add link.

2022-05-09T15:20:16Z

Add link.

← Older revision		Revision as of 15:20, 9 May 2022
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	* [[Control]]		* [[Control]]
	* [[Duty]]		* [[Duty]]
			* [[Four eyes]]
	* [[Fraud]]		* [[Fraud]]
	* [[Fraud Advisory Panel]]		* [[Fraud Advisory Panel]]

imported>Doug Williamson: Add links.

2022-05-02T16:31:01Z

Add links.

← Older revision		Revision as of 16:31, 2 May 2022
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	==See also==		==See also==
			* [[Compliance]]
			* [[Control]]
			* [[Duty]]
	* [[Fraud]]		* [[Fraud]]
	* [[Fraud Advisory Panel]]		* [[Fraud Advisory Panel]]
	* [[Front office]]		* [[Front office]]
			* [[Operations]]

	[[Category:Ethics]]		[[Category:Ethics]]
	[[Category:Treasury_operations_infrastructure]]		[[Category:Treasury_operations_infrastructure]]

imported>Doug Williamson: Layout.

2019-04-19T17:06:05Z

Layout.

← Older revision		Revision as of 17:06, 19 April 2019
Line 9:		Line 9:
	etc.		etc.
	Within each department, responsibilities are split & access rights to systems & information is on a need to have basis to perform the tasks.		Within each department, responsibilities are split & access rights to systems & information is on a need to have basis to perform the tasks.


	==See also==		==See also==

imported>Doug Williamson: Expand first sentence.

2019-04-19T17:04:03Z

Expand first sentence.

← Older revision		Revision as of 17:04, 19 April 2019
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	~~Splitting~~ responsibilities within a process between different individuals or parts of an organisation, to reduce the risk of fraud.		Segregation of duties means splitting responsibilities within a process between different individuals or parts of an organisation, to reduce the risk of fraud.

	Having dual controls, for example:		Having dual controls, for example:

imported>Doug Williamson: Link with Fraud Advisory Panel page.

2017-10-01T16:44:20Z

Link with Fraud Advisory Panel page.

← Older revision		Revision as of 16:44, 1 October 2017
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	==See also==		==See also==
	* [[Fraud]]		* [[Fraud]]
			* [[Fraud Advisory Panel]]
	* [[Front office]]		* [[Front office]]

	[[Category:Ethics]]		[[Category:Ethics]]
	[[Category:Treasury_operations_infrastructure]]		[[Category:Treasury_operations_infrastructure]]

imported>Doug Williamson: Layout.

2015-10-07T14:48:18Z

Layout.

← Older revision		Revision as of 14:48, 7 October 2015
Line 1:		Line 1:
	Splitting responsibilities within a process between different individuals or parts of an organisation, to reduce the risk of fraud.		Splitting responsibilities within a process between different individuals or parts of an organisation, to reduce the risk of fraud.

	Having dual controls, ~~e.g. capture~~ by one person & verification or review by another person.		Having dual controls, for example:
	~~Also~~ tasks ~~segregated~~ between departments. In a larger organisation each of the following departments cannot perform tasks for other departments, each is separate - front office, risk management, compliance, legal, operations, finance,		*Capture by one person & verification or review by another person
			*Segregating tasks between departments.


			In a larger organisation each of the following departments cannot perform tasks for other departments, each is separate - front office, risk management, compliance, legal, operations, finance,
	etc.		etc.
	Within each department, responsibilities are split & access rights to systems & information is on a need to have basis to perform the tasks.		Within each department, responsibilities are split & access rights to systems & information is on a need to have basis to perform the tasks.

imported>Doug Williamson: Link with Front office and note size of organisation.

2015-10-06T05:58:06Z

Link with Front office and note size of organisation.

← Older revision		Revision as of 05:58, 6 October 2015
Line 2:		Line 2:

	Having dual controls, e.g. capture by one person & verification or review by another person.		Having dual controls, e.g. capture by one person & verification or review by another person.
	Also tasks segregated between departments - each of the following departments cannot perform tasks for other departments, each is separate - front office, risk management, compliance, legal, operations, finance,		Also tasks segregated between departments. In a larger organisation each of the following departments cannot perform tasks for other departments, each is separate - front office, risk management, compliance, legal, operations, finance,
	etc.		etc.
	Within each department, responsibilities are split & access rights to systems & information is on a need to have basis to perform the tasks.		Within each department, responsibilities are split & access rights to systems & information is on a need to have basis to perform the tasks.
Line 8:		Line 8:
	==See also==		==See also==
	* [[Fraud]]		* [[Fraud]]
			* [[Front office]]

	[[Category:Ethics]]		[[Category:Ethics]]
	[[Category:Treasury_operations_infrastructure]]		[[Category:Treasury_operations_infrastructure]]

imported>Freespirit80 at 00:09, 6 October 2015

2015-10-06T00:09:18Z

← Older revision		Revision as of 00:09, 6 October 2015
Line 1:		Line 1:
	Splitting responsibilities within a process between different individuals or parts of an organisation, to reduce the risk of fraud.		Splitting responsibilities within a process between different individuals or parts of an organisation, to reduce the risk of fraud.

			Having dual controls, e.g. capture by one person & verification or review by another person.
			Also tasks segregated between departments - each of the following departments cannot perform tasks for other departments, each is separate - front office, risk management, compliance, legal, operations, finance,
			etc.
			Within each department, responsibilities are split & access rights to systems & information is on a need to have basis to perform the tasks.

	==See also==		==See also==