Segregation of duties: Difference between revisions
From ACT Wiki
Jump to navigationJump to search
imported>Doug Williamson (Layout.) |
imported>Doug Williamson (Link with Fraud Advisory Panel page.) |
||
| Line 12: | Line 12: | ||
==See also== | ==See also== | ||
* [[Fraud]] | * [[Fraud]] | ||
* [[Fraud Advisory Panel]] | |||
* [[Front office]] | * [[Front office]] | ||
[[Category:Ethics]] | [[Category:Ethics]] | ||
[[Category:Treasury_operations_infrastructure]] | [[Category:Treasury_operations_infrastructure]] | ||
Revision as of 16:44, 1 October 2017
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.
