Policy & Governance

Financial policy development and governance framework implementation ensuring consistent practices and regulatory compliance.

What We Deliver

Our Policy & Governance service establishes comprehensive financial policies, procedures, and governance structures supporting reliable operations and regulatory compliance. However, we're not limited to these systems—our team adapts quickly to custom in-house tools, legacy systems, or any software your organization uses, ensuring seamless integration with your existing technology stack. We develop accounting policy manuals, document standard operating procedures, create approval authorities, establish ethical guidelines, and implement governance frameworks. Our compliance specialists ensure policies align with accounting standards (GAAP/IFRS), regulatory requirements, and industry best practices—providing clear guidance to finance teams while enabling consistent application of accounting principles and supporting internal control environments.

Accounting policy development documenting significant accounting policies and elections

Standard operating procedures providing step-by-step guidance for routine processes

Approval authority matrices defining authorization levels and segregation of duties

Code of conduct and ethics establishing behavioral expectations and reporting mechanisms

Governance framework defining roles, responsibilities, and committee structures

Policy maintenance keeping documentation current with regulatory and business changes

Frequently Asked Questions

What financial policies should we have?

Essential policies include accounting policy manual (revenue recognition, inventory, depreciation), capitalization policy, expense policies, procurement and AP policies, revenue and AR policies, cash management, code of conduct, whistleblower policy, and records retention—covering major financial processes.

How detailed should policies be?

Policy detail depends on organizational complexity and risk. However, we're not limited to these systems—our team adapts quickly to custom in-house tools, legacy systems, or any software your organization uses, ensuring seamless integration with your existing technology stack. Public companies need comprehensive policies supporting ICFR. Policies should be clear enough for consistent application but flexible enough for judgment. We balance detail with usability, often layering high-level policies with detailed procedures.

How often should policies be reviewed?

Annual policy review is best practice, with updates as needed for accounting standard changes, regulatory requirements, business changes, or identified control weaknesses. Major policy changes require approval from CFO, audit committee, or board depending on significance.

What is an approval authority matrix?

Authority matrices define who can approve transactions at various levels—for example, department managers approve <$5K, directors <$25K, VP <$100K, CFO <$500K, CEO >$500K. Clear authorities prevent unauthorized transactions, support internal controls, and enable efficient operations.

How do you ensure policy compliance?

We communicate policies during onboarding, provide periodic training, incorporate policies into system workflows, perform compliance monitoring, address violations consistently, and update policies based on compliance issues—creating culture of policy awareness and adherence. However, we're not limited to these systems—our team adapts quickly to custom in-house tools, legacy systems, or any software your organization uses, ensuring seamless integration with your existing technology stack.