Harrisburg: 415 Market Street, Ste #205 Harrisburg, PA 17101 | Camp Hill: 3461 Market Street, Ste 101 Camp Hill, PA 17011 717-273-8626 info@breoncpa.com
Custody
Reconciliation
Authorization
Recordkeeping

The concept of segregation of duties, splitting up responsibilities between different people, is a very important part of an organizations anti-fraud programs and controls. Many times, the concept of segregation of duties is cited but it is not clear exactly what responsibilities are to be assigned to different employees. There are four responsibilities that must be divided up in a particular business function:

Authorization – having the authority and giving approval for a business transaction
Custody – being responsible for the physical keeping / safeguarding of something
Recordkeeping – recording a transaction on the organization’s book
Reconciliation – validating the balance of an account

Appropriately segregating responsibilities between employees can go a long way in preventing malfeasance.

Contact Breon & Associates in Harrisburg

With offices in Harrisburg and North Central PA, Breon & Associates provides business, accounting and tax services throughout Pennsylvania. Call us at 1-888-516-8476 or 717-273-8626, or contact one of our offices online to schedule an online consultation or an online training event.

Harrisburg Office:

415 Market Street, Suite #205
Harrisburg, PA 17101

Camp Hill Office:

3461 Market Street, Ste 101
Camp Hill, PA 17011

Ephrata Office

901 Dawn Avenue, Suite A
Ephrata, PA 17522

Wyomissing Office

4 Park Plaza, Lower Level
Wyomissing, PA 19610