Tuesday, May 23, 2006
Segregating Duties: How software can help to address one of the bugaboos of compliance
One of the big themes in Sarbanes-Oxley (SOX) and other regulations is segregation of duties. The basic idea behind this is that no one person can gain the ability to perpetrate fraud or, for that matter, make sweeping mistakes; if many people are involved in a process, with each person responsible for a certain segment of it, this kind of risk can be mitigated.
Segregation of duties in a large enterprise can be a pretty complicated issue in practice because of the many possible violations. "We had a customer for whom we identified 8,000 conflicts," says Chris Rossie, VP of Business Development for Oversight Systems, by way of example.
posted by Brian Moran @ 4:15 PM