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Get the free Financial Policy and Procedures Manual.pdf - Sir Thomas Rich's - policies fad harvard

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Back to School Financial Policy Refresher September 22, 2022Welcome Introductions:22Karen Kitted, Manager, Policy and Business ProcessVarious Subject Specialists2022SEP22 Back to School Financial
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Who needs financial policy and procedures?

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Finance departments, finance staff, senior management, board members, auditors, and external stakeholders all need to have a clear understanding of the financial policy and procedures to ensure transparency, accountability, and compliance with regulations.
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Financial policy and procedures are guidelines and rules set by an organization to govern its financial activities.
All employees and departments within an organization are required to adhere to and follow the financial policy and procedures set forth by the organization.
Financial policy and procedures can be filled out by designated personnel within an organization, such as the finance department or senior management, in accordance with the guidelines and rules set by the organization.
The purpose of financial policy and procedures is to ensure transparency, accountability, and compliance with regulations in the financial activities of an organization.
Financial policy and procedures typically include information on budgeting, expenses, accounting practices, approval processes, and financial reporting.
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