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Membership Services |
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| Financy
Policy |
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The integrity of every organisation
depends on its financial probity. Charities, charitable
companies and other business have a statutory duty not
only to provide an account of its financial activities,
but to manage them in a way that promotes confidence among
their members, beneficiaries and shareholders.
A financial policy allows an organisation to implement
codes of practices and guidelines to reduce the likelihood
of fraud, suspicion and malpractice. These guidelines
may range from:
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Who
is responsible for setting budgets, receiving and
counting the income? |
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where
monies should be kept? |
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Who
signs cheques? |
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Who approves spending, to how much monies is kept
as petty cash or in a safe? |
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