Financial Record Control Procedure | FA1040

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Streamline Your Financial Record Control with Our Procedure Template Word Product


Keeping track of financial records is crucial for any business, but it can be a daunting task. Our Financial Record Control Procedure Template Word product is designed to simplify the process and ensure that your financial records are accurate and up-to-date.

This template provides a step-by-step guide for creating and maintaining financial records, including procedures for recording transactions, reconciling accounts, and preparing financial statements. It also includes guidelines for ensuring the security and confidentiality of financial information.

Our Financial Record Control Procedure Template Word product is fully customizable, allowing you to tailor it to your specific business needs. You can easily add or remove sections, modify procedures, and include your own company policies and guidelines.

By using our template, you can streamline your financial record control process, reduce errors and inconsistencies, and ensure compliance with regulatory requirements. It can also help you identify areas for improvement and implement best practices for financial management.

Our Financial Record Control Procedure Template Word product is suitable for businesses of all sizes and industries. Whether you are a small startup or a large corporation, this template can help you maintain accurate and reliable financial records.

Invest in our Financial Record Control Procedure Template Word product today and take the first step towards better financial management and control.

Financial Record Control Procedure

The Financial Record Control Procedure both demonstrates conformance to specified customer, regulatory, and other requirements and explains how records are maintained.

This procedure applies to all records- regardless of form- that pertain to the company’s finance-related activities and are required to demonstrate implementation of and conformance to the company’s Financial Management System (FMS). (16 pages, 3597 words)

Financial Record Control Responsibilities:

Financial Management is responsible for maintaining a list of Finance records and for controlling record distribution.

All Finance personnel are responsible for ensuring that the financial records they generate are legible, accurate, and timely.

Financial Record Control Definitions:

Controlled document – Document that provides information or direction for performance of work and is part of a controlled document system. Characteristics of control include such things as revision number (or letter), signatures indicating review and approval, and controlled distribution.

Document – Information and its supporting medium; the medium may be paper, magnetic, electronic, optical, photograph, or a sample of the Company’s product.

Form – Document or web form with spaces in which to write; business document that typically contains some predefined data and designated, labeled areas for filling in data.

Record – Anything retained to provide and preserve permanent evidence of or information about an event (e.g., document, photograph, nonconforming product sample).

Financial Record Control ProcedureFinancial Record Control Procedure Activities

  • Identification of Financial Records
  • Financial Record Generation
  • Financial Recordkeeping and Traceability
  • Financial Record Retention and Long-Term Storage
  • Financial Record Maintenance

Financial Record Control Procedure References

  • Public Company Accounting Reform and Investor Protection Act of 2002
  • Right to Financial Privacy Act
  • Small Business Paperwork Relief Act
  • Guide to Retention Requirements
  • IRS Revenue Procedure 98-25- Records Retention

Financial Record Control Procedure Forms



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