Segregation Of Duties (SoD)
The principle of segregating duties and permissions is vital to ensuring that a company's data are secure.
This principle is widely recognised and applied by financial controllers.
For improved auditing, the following areas are already generally organised by duties with different levels of authorisation:
- Financial Accounting,
- Bank Accounts: opening, closing, account transactions,
- Payments: documents for requesting payments, different levels of powers, suppliers, payment methods, monitoring payments, payments register,
- Billing and receipt of payments,
- Loans and debt recovery,
- Wages: approval of data relating to employees, payment of wages
This segregation of duties can be made easier and more efficient, secure and reliable if permissions
for applications are limited for each user, according to their role within the organisation.
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