In a medium to large organization, we normally would have a treasurer who reports to the Head of Finance or CFO

Hence, for uniformity and consistency purposes, it is important to establish a simple statement of policy on Treasury function.

The policy should basically encompass the following areas:

Banking
Petty Cash
Wire Transfer
Borrowings
Treasury Risk Management

Append below is a sample for […]

It’s important to have a Statement of Policy on Record Retention.
This is particularly so where you have a number of subsidiaries in different countries where they need to comply with various local regulation like the Inland Revenue. By having a clear-cut policy and procedure, you can demonstrate to outsiders that from the Head Office’s […]

Using the salient points below, you can establish an internal control checklist or statement of policy for your company’s Information Technology
General
• Procedures should be defined and documented to ensure the security and proper maintenance of notebooks, computers and computer-related equipment.
• Usage of pirated software within the office premises should not be permitted at all times.
Logical Security
• Access should […]

Using the below salient points, you can draw up an audit checklist and or a statement of policy for your Company’s Bank and Cash.
General

Polices and procedures for cash handling and banking controls should be clearly documented and communicated.

The amount of cash kept at the office premise should be within insurance coverage amount.

Banking Facilities

Bank mandates that […]

For many financial executives, inventory will take a major chunk of your company’s current asset. It’s therefore important that you should set up a clear policy and procedure for the conduct of the physical stock-count.
Broadly speaking, the policy and procedure of physical stock-count should consider the following areas:
a. Before Physical Stock-count,
b. During the Physical count,
c. […]