Reflection and connection Assignment

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Running Head: OPERATION SECURITY 1

OPERATION SECURITY 2

Operation Security

Anurag Pallala

University of The Cumberland’s

Date: 5/17/2020

Separation of Duties

Separation of duties refers to how no one individual has sole control over one transaction within an organization. This means that no one should be able to initiate, record, authorize, or reconcile a transaction (Bragg, 2020). Therefore, all organizations are supposed to have separate functional duties. Separation of duties in an organization ensures that no intentional or unintentional mistakes are made without being discovered by a different person within the organization. It provides an organization with oversight and a review to detect and catch errors (Bragg, 2020). Since it requires two or more people to collude and hide a transaction, it does not allow them to defraud the organization.

Functions That Should Be Separate In All Transactions

The three functions include the separate custody of all accounting assets which plays an important role in the protection of the organizational transactions. It is used to trace all the transactions from the beginning to the end (Lefler, 2018). The second function is the separate authorization of organizational transactions. This is a function that ensures that the person who has an authority to control a transaction is prevented from controlling assets within the organization (Lefler, 2018). The third function is the separate duties in organizational accounting. This function allows for the detection and prevention of unintentional errors. It discourages one person from dealing with one transaction from the inception to posting it in the ledgers (Lefler, 2018). An example of separation of duties may arise when one person performs the duties from the beginning but at the end of a transaction, another person has to approve the transaction before it is finalized. such transactions may arise when disposing of an asset of the organization.

References

Behr, A. (2020). Separation of duties and IT security. CSO Online. Retrieved 15 May 2020, from https://www.csoonline.com/article/2123120/separation-of-duties-and-it-security.html.

Bragg, S. (2020). Separation of duties — Accounting Tools. Accounting Tools. Retrieved 15 May 2020, from https://www.accountingtools.com/articles/what-is-separation-of-duties.html.

Lefler, R. (2018). Aligning Security Services with Business Objectives. Aligning Security Services with Business Objectives, 1. doi: 10.1016/b978-0-12-417008-7.00001-5