Segregation of Duties under ERP

Segregation of Duties (SoD) separates roles and responsibilities to ensure that an individual cannot process a transaction from initiation through to reporting without the involvement of others and thereby SoD reduces the risk of fraud or error to an acceptable level.For example, no one individual should be able to set up a new supplier, raise a purchase order for that supplier, post and approve the invoice from that supplier, create, approve and record the payment to that supplier. This is because giving a single individual the ability to perform all of the above operations increases the risk of fraud or error. this is a key part of achieving SOX/MiFID/ISO2100 compliance.

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