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[Group Name]Financial Management and Controls Policy1.×Introduction1.1×Financial records will be kept so that [Group] can:a. Meet its legal and other obligations, e.g., Charities Acts, Inland Revenue,
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Financial management and controls involve overseeing and managing a company's financial resources to ensure efficiency, accuracy, and compliance with regulations.
All businesses, organizations, and entities are required to establish and maintain financial management and controls.
Financial management and controls can be filled out by implementing internal policies, procedures, and systems to track and manage financial activities.
The purpose of financial management and controls is to safeguard assets, ensure financial accuracy, and prevent fraud and errors.
Information such as financial transactions, budgets, financial statements, and internal controls must be reported on financial management and controls.
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