organization. The figure below highlights an example of how the scoring should be done along a continuum of stage 1 5. – Figure 2: Sample Complete Domain Domain: Finance compliance and Operations Sub-domain Ideal Key Stages Means Practice Question of Stage 1: 2: In Stage 4: Stage 5: Not 3:Present Present, Present, present some complete application application The Does The The The The the has and Policies has does has has has established and written have not have financial written written and and any policies financial financial operational policy financial and policies policies / financial policies and and policies, policies and that procedures and are not but in the , and Financial the form of a systems policy practice manual, exist and known OR is not in which is guiding all and financial readily aspects of adhered policies with available financial known to by all and the to staff. and staff? policies The readily refered need and policies available , to by all update. and and staff. are in practiced by all staff with members and meet but generally are not accepted accounting used. practices (GAAP). 3.4 Administering the Tool The team agreed on the following methodology to administer the tool: Facilitation While the tool can be self-administered, the team recommends that the process is led by Facilitators
organization. The figure below highlights an example of how the scoring should be done along a continuum of stage 1 – 5. Figure 2: Sample Complete Domain Domain: Finance compliance and Operations Sub-domain Ideal Practice Key Question Stages Means of Stage 1: Not present 2: In 3:Present Stage 4: Present, some application Stage 5: Present, complete application Policies and The has written and Financial policy and known and refered to by all staff. Does the have operational financial policies and procedures known and adhered to by all staff? The does not have any financial policies and The has financial policies and that are not OR financial policies and need update. The has written financial policies and but the practice is not in with the policies and The has written financial policies and in the form of a manual, which is readily available to staff. The policies and are in with but are not used. has established and policies, and systems exist guiding all aspects of financial readily available , and practiced by all staff members and meet generally accepted accounting practices (GAAP). and policy / 3.4 Administering the Tool The team agreed on the following methodology to administer the tool: Facilitation While the tool can be self-administered, the team recommends that the process is led by Facilitators ,
INCH%20FUND%20END%20OF%20PROJECT%20REPORT_FINAL.DOCX