This session will examine how good financial governance is derived from your knowledge of your SME business. Financial information should be used in conjunction with non-financial information about the business, to provide clear indicators for matters such as business plan implementation, liquidity concerns, relationships with customers or suppliers, use of assets and employee contributions to the business.

We will:

  • Review of the nature and extent of financial information received at board meetings
  • Discuss the link between the nature and extent of this information to directors' obligations such as record keeping, statutory reporting, culture and risk profile
  • Assess if the information is sufficient to determine whether or not a corporate goal is being achieved and consistent with other information about the business
  • Link nature and extent of financial information received with remuneration structures, related party transactions, compliance obligations, community expectations and management bias in the way information is presented

Attend this webinar to learn how to critically evaluate the nature and extent of financial information, how to recognise when the extensive financial information you receive is not fit for purpose, and could conceal matters that require closer attention.

CTA banner mastering financial governance course