Segregation of duties: Difference between revisions
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imported>Freespirit80 No edit summary |
imported>Doug Williamson (Link with Front office and note size of organisation.) |
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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 | 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. | ||
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==See also== | ==See also== | ||
* [[Fraud]] | * [[Fraud]] | ||
* [[Front office]] | |||
[[Category:Ethics]] | [[Category:Ethics]] | ||
[[Category:Treasury_operations_infrastructure]] | [[Category:Treasury_operations_infrastructure]] | ||
Revision as of 05:58, 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. 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.
