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Accounting
Segregation of Duties
Making sure no single person controls all parts of a money-related process so one person can't steal and cover it up.
Segregation of duties is one of the most important internal controls. It stops fraud because it takes two or more dishonest people working together to beat the system.It's like making sure the person who orders the pizza isn't also the one who pays for it and delivers it — that way nobody can fake the whole thing.
Real world: One employee receives customer checks, a different employee records them in the books, and a third employee deposits them in the bank.
💡 If one person handles cash, records, and approvals, that's a giant red flag — segregation of duties is the #1 way to stop insider theft.