Separation of Duties Clause Samples
The Separation of Duties clause establishes that specific responsibilities or tasks within an organization or process must be divided among different individuals or departments. In practice, this means that no single person has control over all aspects of a critical function, such as authorizing transactions, processing payments, and reconciling accounts. By distributing these duties, the clause helps prevent fraud, errors, and conflicts of interest, thereby enhancing internal controls and organizational integrity.
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Separation of Duties. For the duration of this Contract, Contractor and all subcontractors shall not enter into an agreement or working relationship with anyone, and shall not negotiate or make arrangements concerning employment with anyone, who has a pending Application with the Energy Commission, is planning to file an Application, or is otherwise working on an Application that has been filed or is expected to be filed at the Energy Commission, other than as directed by the Energy Commission for DCBO services. All employees (including employees of both Contractor and subcontractors) identified as consultants are subject to restrictions of the Political Reform Act on post-governmental activity. Contractor shall ensure that all employees are aware of these restrictions. Guidance published by the Fair Political Practices Commission on these restrictions can be found at: ▇▇▇▇://▇▇▇.▇▇▇▇.▇▇.▇▇▇/content/dam/fppc/NS-Documents/TAD/Public Officials and Employees/Leaving_State_Employment.pdf.
Separation of Duties. An employee who does not handle cash shall record all cash or check receipts in the CONTRACTOR’S accounting records.
Separation of Duties. The Authorized User Agreement may require the separation of job duties, and that Contractor staff knowledge of Data be limited to that which is absolutely needed to perform job duties.
Separation of Duties the practice of dividing the steps in a system function among different individuals, so as to keep a single individual from subverting the process.
Separation of Duties. The System provides you the ability to require that approval of certain Services take place before they can be processed. To increase your internal security, we recommend that the Company’s Primary Administrator assign dual control to initiate transactions such as Funds Transfers, ACH Originations, Wire Transfers, and ▇▇▇▇ Pay whenever possible. You represent and warrant that each of the entities listed on the Cash Management Application is under common ownership and/or control with you (each, a “Commonly Controlled Entity”), and each Commonly Controlled Entity has signed an Online Banking Application. You acknowledge and agree that, by including an entity on the application as a Commonly Controlled Entity, (i) your Accounts will be accessible to the Commonly Controlled Entities and you will have access to the Accounts of the Commonly Controlled Entities, and (ii) your (and your Commonly Controlled Entities’) Primary Administrator, Secondary Administrators and Authorized Users will be able to transfer funds among the Accounts of the Commonly Controlled Entities, and (iii) all checks issued to payees thru the ▇▇▇▇ Pay function for any of the Commonly Controlled Entities will have the name of the entity in which the Online Banking/Cash Management account has been established printed on the checks. You agree to designate as your Primary Administrator the same individual designated as such by each Commonly Controlled Entity (which individual shall be an officer of you and each Commonly Controlled Entity), and you agree that such Primary Administrator will only designate Authorized Users who are officers or employees of you and each Commonly Controlled Entity. You agree to defend, indemnify and hold us harmless from and against any and all actions, losses, liabilities, claims, damages or expenses (including, without limitation, attorneys’ fees, court costs and expenses) arising from or related to (i) your designation of an entity as a Commonly Controlled Entity, (ii) a Commonly Controlled Entity’s designation of you as commonly owned/controlled with it, or (iii) the transfer of funds from an Account maintained by you to an Account maintained by a Commonly Controlled Entity, or vice versa. You and all Commonly Controlled Entities shall be jointly and severally liable for this indemnity obligation.
Separation of Duties. Contractor shall divide functions among its staff members to reduce the risk of one person committing fraud undetected.
Separation of Duties and Least privilege Principles are followed, and privileged access is granted upon documented approval by senior management.
Separation of Duties. NYSDOT may require the separation of job duties, and limit staff knowledge of Data to that which is absolutely needed to perform job duties.
Separation of Duties. Provider shall divide functions among its staff members to reduce the risk of one person committing fraud undetected; and
Separation of Duties. You must develop internal controls; We have the author- ity to mandate internal controls; We have the authority to mandate generally accepted accounting practices.