Why Segregation of Duties?

By Pam Miller, APMD There are many controls that can be put into place to ensure that the transactions completed are valid and that the organization is protected from deliberate fraud as well as unintentional errors. Among the most important controls to implement is segregation of duties – or separation of duties, as some call it. Regardless of the nomenclature, the concept is the same: all the pieces and parts that are contained in the AP process (or any other financial transaction type…