Segregation of duties: Difference between revisions
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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, 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== | ||
Revision as of 00:09, 6 October 2015
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.
