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4 Pillars of Financial Governance by Abdul Khaliq

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4 Pillars of Financial Governance by Abdul Khaliq

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Here are the 4 Pillars:

๐—œ๐—ป๐˜๐—ฒ๐—ฟ๐—ป๐—ฎ๐—น ๐—–๐—ผ๐—ป๐˜๐—ฟ๐—ผ๐—น๐˜€
Internal Controls are put in place to achieve objectives, mitigate risk and ensure that resources are used appropriately.

๐—ฃ๐—ผ๐—น๐—ถ๐—ฐ๐—ถ๐—ฒ๐˜€ & ๐—ฃ๐—ฟ๐—ผ๐—ฐ๐—ฒ๐—ฑ๐˜‚๐—ฟ๐—ฒ๐˜€
Financial policies and procedures are a companyโ€™s guidelines and rules to govern its financial activities and transactions.

๐——๐—ฎ๐˜๐—ฎ ๐—ถ๐—ป๐˜๐—ฒ๐—ด๐—ฟ๐—ถ๐˜๐˜† & ๐—ฆ๐—ฒ๐—ฐ๐˜‚๐—ฟ๐—ถ๐˜๐˜†
Data integrity refers to the accuracy and consistency of data throughout its lifecycle.

Data security protects digital information from unauthorized access, theft, or corruption.

๐—–๐—ผ๐—บ๐—ฝ๐—น๐—ถ๐—ฎ๐—ป๐—ฐ๐—ฒ & ๐—”๐˜€๐˜€๐˜‚๐—ฟ๐—ฎ๐—ป๐—ฐ๐—ฒ
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.

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