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Shetland NHS Grandstanding Financial ProceduresCare & Custody of Patients PropertyAuthorKarl WilliamsonImplementation Date Jan 2011Review Date Jan 2014 Completed Jan 2017Equality & Diversity Impact
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Standing financial procedures are the established guidelines and protocols for managing the financial aspects of an organization on an ongoing basis.
All businesses and organizations that handle financial transactions are required to file standing financial procedures.
Standing financial procedures can be filled out by documenting the financial policies, processes, and controls that are in place within an organization.
The purpose of standing financial procedures is to ensure transparency, accountability, and compliance with financial regulations.
Information such as financial policies, budgeting processes, accounting practices, and internal controls must be reported on standing financial procedures.
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