Finance
Segregation of duties
Formal definition
In finance, Segregation of duties refers to an operating term used for structuring the general ledger, separating duties, and reporting management figures to control financial transactions.
What this actually means for you
For day-to-day delivery, Segregation of duties should be documented clearly and applied consistently; standardize transaction codings, review cost allocations monthly, and separate authorization from execution rights.
Example: At the next review checkpoint, Segregation of duties is used in practice like this: the finance officer logs the entries with correct nominal codes and verifies segregation rules during review. Accountabilities are captured in team templates, reporting packs, and operating checklists.
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