Segregation of duties: Difference between revisions
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imported>Doug Williamson (Link with Front office and note size of organisation.) |
imported>Doug Williamson (Layout.) |
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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, | 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. | 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. | ||
Revision as of 14:48, 7 October 2015
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.
