Financial governance review
When governance is reviewed in organisations the review of financial governance is often minimal or eliminated from the review as the perception is, incorrectly, that it forms part of the annual audit. Reviewing financial governance in detail is important as often there can be deficiencies in the way trustees and governors are fulfilling their financial responsibilities which we have seen in the Media in recent years. Typical reviews I have carried out have identified many strengths but also that finance and audit committees are not working effectively, financial policies are deficient and risk management processes are unable to identify the risks that will break the charity. They have also identified that financial delegation and decision making is not as robust as it might be.