This checklist ensures that all financial operations and transactions comply with established policies and regulations, preventing any financial discrepancies or legal issues.
Ensure that all team members are familiar with the current financial policies and procedures.
Check that all financial transactions have the required approvals as per policy guidelines.
Provide training sessions for staff on financial compliance requirements and best practices.
Perform spot checks on recent transactions to ensure compliance with financial policies.
Review and update the financial policy documents to reflect any changes in regulations or organizational guidelines.