Definition
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Story Behind the Curve
Very clear and well implemented financial policy and procedures are in place.
Partners
External suppliers, plus HNSW staff including Finance Manager, Office Manager and Administrative Assistant.
What Works
Clear process and flow of information across the teams. We have documented and timely processes. Following a review, we have improved internal control of credit card payments. This involves a clear separation of duties in approving crdedit card purchases.
Action Plan
Our current accounts payable system is operating well. An interim and year-end external, independent audit verifies both systems and practice to to ensure adherence to current Australian Accounting Standards is maintained.