Prime number and Segregation of duties: Difference between pages
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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: | |||
*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. | |||
Within each department, responsibilities are split & access rights to systems & information is on a need to have basis to perform the tasks. | |||
==See also== | |||
* [[Fraud]] | |||
* [[Fraud Advisory Panel]] | |||
* [[Front office]] | |||
[[Category:Ethics]] | |||
[[Category:Treasury_operations_infrastructure]] | |||
[[Category: | |||
[[Category: | |||
Revision as of 17:04, 19 April 2019
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:
- 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.
Within each department, responsibilities are split & access rights to systems & information is on a need to have basis to perform the tasks.
