Service Details
policies, and procedures
Service Overview
policies, and procedures
Processes, policies, and procedures serve as one of the main components of internal control systems, which support achieving efficiency and effectiveness in managing the organizational units.
What are processes, policies, and procedures?
Process is defined as an integrated framework for implementing a goal, objective or task in a complete and proper manner in a context of controls.
Policy is defined as set of regulations governing the implementation of the goal, objective or task. Procedure is defined as the workflow steps and associated forms from start to end points in light of the approved regulations where upon the end of the procedure, the process will be completed.
Why are processes, policies, and procedures important for business entities?
The importance comes from three main elements completing each other’s through the following:
- Roadmap objectives’ directions within the most effective shortcut and benefits and fulfilling required internal control.
- Ensuring compliance with laws, regulations and entity’s internal regulations.
- Ensuring standardization of process implementation.
- Furthermore, documented and approved processes, policies and procedures manuals ensure that the processes are recurrently implemented based on standard approach and quality of deliverables is attained on timely basis. This will help all organizational units to operate consistently and achieve their objectives in accordance with the approved strategic and operational plans, and ultimately put the business entity on the path to success.