Silent killer of Business


Every major fraud scandal has one thing in common—too much power in the hands of one person! 💰🔒 Segregation of Duties (SoD) isn't just a policy; it’s a business lifesaver. Without it, financial manipulation, errors, and fraud can thrive. Here are the 3 CRITICAL pillars of SoD every organization must enforce: 🔑 1. Authorization – Who says "YES"? ✅ Prevents unauthorized approvals & fraud. 🔥 Example: A procurement officer shouldn’t approve their own purchases—separation avoids fake invoices! 📜 2. Record-Keeping – Who tracks the numbers? ✅ Ensures data accuracy & accountability. 🔥 Example: The person recording transactions must not be the one reviewing financial statements. 🔐 3. Custody – Who holds the assets? ✅ Prevents theft & data breaches. 🔥 Example: Cashiers should handle cash, but a different team should reconcile accounts—this stops skimming fraud! 💡 Without strong SoD, you're leaving the door wide open for fraud & financial disaster! Don't wait for a scandal to fix it—act NOW.

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