Your mission and vision drive your overall company policy, in which you lay out your overall company objectives that guide your strategic plan. From there come your sales and marketing plans, your operational plans, and so forth. You might think of your policies as a juncture of internal and external forces. Setting business policy is critical to a thriving company. What business policies does every company need? Continue reading What Business Policies Does Every Company Need?
According to the Institute of Internal Auditors (IIA), an effective internal control system helps ensure that our organizational processes are functioning properly, that our financial information is reliable, and that we’re in compliance with applicable regulations. Businesses primarily implement an internal control system to protect themselves from internal fraud and abuse, while many do so with regulatory or standards compliance in mind. Continue reading Why Is an Effective Internal Control System Crucial for Success?
In the past, we experienced an avalanche in our financial system. Major financial institutions failed to the shock of investors and depositors, and there was such a high level of uncertainty in the financial system that availability of credit had been shut off even to the most highly rated borrowers. What does SOX Corporate Governance have to do with this? Continue reading What Is SOX Corporate Governance?