Authority vs. Responsibility is explained the following paper. Moreover, the paper depicts the links with Cobit RACI chart.
Feltus, C.; Petit, M.; Dubois, E.(2009). ''Strengthening employee's responsibility to enhance governance of IT: COBIT RACI chart case study'' , Proceedings of the first ACM workshop on Information security governance (WISG'09), Chicago, Il, USA.
http://portal.acm.org/citation.cfm?id=1655168.1655174&coll=portal&dl=ACM&type=series&idx=SERIES320&part=series&WantType=Proceedings&title=CCS&CFID=62671076&CFTOKEN=92670385
ISBN 978-1-60558-787-5
Establishes command, supervisory and personal responsibility for use of the GTCC and the operation of DoD Travel Card Program
what is financial Management reporting
what is Financial Management Strategy
Financial Management Board
functions of financial management
Financial and Management Accounting Committee : works to increase financial and management accountants' awareness of their professional responsibilities via publications, sponsored research, and forums
Parity of Authority and Responsibility?
the Financial Analysis Officer
to oversee and take responsibility for the proper management and use of resources within an organization. This individual ensures compliance with financial regulations and policies, maintains accurate records, and is accountable for any misuse or mishandling of funds. The Accountable Official is typically a senior-level executive or manager who has the authority to make decisions related to financial management.
saf/afafo
responsibility for the fair presentation in the financial statements of financial position and results of operation and cash flows in conformity with generally accepted accounting practices
Management of the Company and those charged with Governance.
Authority to do something can be accepted by a subordinate but the responsicibilty remains that of the delegator. General Lee delegated authority for Picketts charge but knew he had to accept responsibility for the result. The responsibility to carry out the order requires that both parties have responsibility but the overall responsibility remains with delegator of the authority.
what is financial management function?
what is financial management function?
The primary objective of independent auditors are rendering opinion report on the financial statement that is the responsibility of client management. The main reason auditors need to be independent are to provide credentional for the client prepared financial statements. Therefore, the users (Bankers, Investers and third party) of the financial statement can have unbiased information about the client financial Statements.
Financial Services Authority was created in 2001.