How Poor Segregation of Duties in the Public Sector Impact Private-Sector Compliance with National Policies


Authors : Geeta Sewsankar

Volume/Issue : Volume 9 - 2024, Issue 8 - August

Google Scholar : https://tinyurl.com/3c7h9aem

Scribd : https://tinyurl.com/mrx5927z

DOI : https://doi.org/10.38124/ijisrt/IJISRT24AUG822

Abstract : This study examines the critical role of the segregation of duties within the public sector and its impact on private-sector compliance with national policies. Segregation of duties, an internal control mechanism designed to prevent errors and fraud, is essential for ensuring accountability and transparency in public administration. The research highlights how inadequate segregation of duties in the public sector can lead to inefficiencies, errors, and misuse of resources, ultimately compromising financial integrity and governance. The failures of companies like Enron and Wells Fargo underscore the risks associated with poor public oversight. This study aims to raise awareness among public sector leaders about the importance of effective segregation of duties and its influence on the private sector. By implementing robust internal controls, clear policies, and leveraging technology, governments can enhance regulatory oversight, promote accountability, and create a more resilient and trustworthy governance system, benefiting both public and private stakeholders.

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This study examines the critical role of the segregation of duties within the public sector and its impact on private-sector compliance with national policies. Segregation of duties, an internal control mechanism designed to prevent errors and fraud, is essential for ensuring accountability and transparency in public administration. The research highlights how inadequate segregation of duties in the public sector can lead to inefficiencies, errors, and misuse of resources, ultimately compromising financial integrity and governance. The failures of companies like Enron and Wells Fargo underscore the risks associated with poor public oversight. This study aims to raise awareness among public sector leaders about the importance of effective segregation of duties and its influence on the private sector. By implementing robust internal controls, clear policies, and leveraging technology, governments can enhance regulatory oversight, promote accountability, and create a more resilient and trustworthy governance system, benefiting both public and private stakeholders.

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