4 Pillars of Financial Governance by Abdul Khaliq
Here are the 4 Pillars:
๐๐ป๐๐ฒ๐ฟ๐ป๐ฎ๐น ๐๐ผ๐ป๐๐ฟ๐ผ๐น๐
Internal Controls are put in place to achieve objectives, mitigate risk and ensure that resources are used appropriately.
๐ฃ๐ผ๐น๐ถ๐ฐ๐ถ๐ฒ๐ & ๐ฃ๐ฟ๐ผ๐ฐ๐ฒ๐ฑ๐๐ฟ๐ฒ๐
Financial policies and procedures are a companyโs guidelines and rules to govern its financial activities and transactions.
๐๐ฎ๐๐ฎ ๐ถ๐ป๐๐ฒ๐ด๐ฟ๐ถ๐๐ & ๐ฆ๐ฒ๐ฐ๐๐ฟ๐ถ๐๐
Data integrity refers to the accuracy and consistency of data throughout its lifecycle.
Data security protects digital information from unauthorized access, theft, or corruption.
๐๐ผ๐บ๐ฝ๐น๐ถ๐ฎ๐ป๐ฐ๐ฒ & ๐๐๐๐๐ฟ๐ฎ๐ป๐ฐ๐ฒ
Compliance pertains to the act of adhering to laws, regulations, and standards within a particular industry.
Assurance refers to giving impartial and unbiased evaluations of financial data and activities.