What is a Processor Role and how does it relate to an Approver Role?
A Processor has the ability to create transactions. An Approver has the ability to approve transactions/business activities at the supervisory/management level. One person may have both a Processor and an Approver role, however, FMMI will not allow one person to approve a document that they have also processed. OMB circular A-123 defines the purpose of Segregation of Duties (SoD) is to ensure that there are controls to separate personnel with authority to authorize a transaction, process the transaction, and review the transaction. SoD exists to ensure that errors or irregularities are prevented or detected on a timely basis by employees in the normal course of business. At the most basic level SoD means no single individual should have control over two or more phases of a transaction or operation (e.g., a user cannot approve the transaction he/she previously created). Management assigns role(s) responsibilities to ensure a crosscheck of duties.
