A note from Sary

The core principle behind Segregation of Duties is multiparty verifica-fion: no individual in the organization is able to complete all four of these processes concerning a single Transaction. In most cases, any specific person might be able to complete one or two of these activities on their own. but the rest must be done and/or verified by another individual. The classic example of multiparty verification is common corporate banking practice: any check, bank transfer, or other instrument of payment above a certain threshold requires the signature of two authorized officers of the company. Unless two signatures are present, the payment isn't valid and is flagged for investigation.

Sary The Personal MBA, page 199 · November 3, 2023 Save to shelf
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