Segregation of duties and Transparent: Difference between pages

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imported>Doug Williamson
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imported>Doug Williamson
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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.
Transparent means having the desirable quality of making full disclosure of information to markets and other stakeholders, in such a way that they can readily see and understand what has been done.


Having dual controls, for example:
Transparent is the opposite of ''opaque.''
*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,
== See also ==
etc.
* [[Corporate governance]]
Within each department, responsibilities are split & access rights to systems & information is on a need to have basis to perform the tasks.
* [[Disclosure]]
 
* [[Disclosure and Transparency Rules]]
==See also==
* [[Efficient market]]
* [[Fraud]]
* [[Ethics]]
* [[Fraud Advisory Panel]]
* [[FAST]]
* [[Front office]]
* [[Financial reporting]]
* [[FRANDT]]
* [[Invisible FX]]
* [[Opaque]]
* [[Price transparency]]
* [[Regulation]]
* [[Stakeholder]]
* [[STS]]
* [[Tax transparency initiative]]
* [[Transparency]]
* [[Visibility]]


[[Category:Accounting,_tax_and_regulation]]
[[Category:The_business_context]]
[[Category:Compliance_and_audit]]
[[Category:Ethics]]
[[Category:Ethics]]
[[Category:Treasury_operations_infrastructure]]
[[Category:Financial_products_and_markets]]

Revision as of 08:20, 31 August 2022

Transparent means having the desirable quality of making full disclosure of information to markets and other stakeholders, in such a way that they can readily see and understand what has been done.

Transparent is the opposite of opaque.


See also

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