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Glossary

Segregation of duties

No single person controls a transaction end to end; the preparer can't be the approver.

The principle that no single person should control a financial transaction from start to finish. The person who enters a bill shouldn't approve it; the person who prepares a reconciliation shouldn't sign it off. It's the single most effective fraud control there is.

In Bizdivers: enforced by the software: the preparer can never be the approver, and the control tests flag any entry where that rule was bent. See Your books, continuously audited.