policies and procedures in a business are designed to minimise the risk of harm

Policies and procedures in a business are designed to

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policies and procedures in a business are designed to minimise the risk of harm to people as they carry out their duties. 5. How can policies and procedures control spending? (5 marks) Financial policies and procedures actually guide operations and also lay out how the organization manages as well as uses its money. A manual for financial procedures normally brings these together as one document. This document helps establish financial controls at the organization that will ensure completeness, accuracy, timeliness and completeness of financial data. The finance staff generally uses this document, in addition, managers, trustees and others by finance staff, but it can also act as a reference for trustees, managers and other staff would also use it. 6. What security checks should be applied to cheques or vouchers? (4 marks) Ensure company name is correct. The customer must initial all corrections. The cheques must be signed in before the Supervisor.
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Ensure cheques are marked Not Negotiablewith the right amount and date. Writing must either be in blue or black pen. For cheques that are over $100 one must make a phone call for authorisation. Oversee and interstate cheques should be authorised by telephone. Verify and ensure figures and words match. Ensure to verify signature. Record cheque identification, address, license and phone number.
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  • '16
  • dsa
  • Confidentiality, Secrecy, Sadaf Tamizkar, Diego Alexander Valencia Giraldo

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