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    Audit: Segregation of duties

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    Melody Wilson is reviewing the principle of segregation of duties. What are the two common applications
    of this principle?

    8) Explain the control principle of independent internal verification.

    (b) What practices are important in applying this principle?

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    Solution Preview

    (1) The principle of segregation of duties states that the power to initiate, approve and review activities is not held by the same person. For instance, the authorization to initiate a payment should be provided, say, by a local manager and approval should be made by a regional manager
    (2) (2 different people).

    Here is another definition:
    Separation of duty, as a security principle, has as its primary objective the ...

    Solution Summary

    273 words outlines two common applications of the principle of segregation of duties.