Implementing Preventative Segregation of Duties with NextLabs

Segregation of duties (SoD), also called separation of duties, is a fundamental aspect of sustainable internal controls and risk management. The purpose of SoD is to prevent fraud, conflicts of interest, and errors by ensuring different individuals are responsible for separate areas of a task. SoD is commonly implemented in organizations and federal government/military to enforce financial controls, such as approval, accounting/reconciling, and asset custody. Download the white paper to learn how preventative SoD controls reduce an organization’s risk of conflicts of interest, fraud, and compliance violations.