Segregation of duties
From ACT Wiki
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.
