Segregation of duties

Segregation of duties means 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.

See also

• Compliance
• Control
• Duty
• Four eyes
• Fraud
• Fraud Advisory Panel
• Front office
• Operations