Owners, company directors and managers of businesses and other not-for-profit entities have many and varied duties and responsibilities associated with their roles. Of these areas one that is considered to be most important is that relating to the financial aspect of the business or entity.

The main responsibility is owed to the owners and other stakeholders in the entity to ensure that the business or activity is being managed according to best practice and that those involved in decision making have access to the relevant information to enable them to take the decisions based upon the best available information in the best interest of the entity. Read more…