ACS Assessor Guide - Security Industry Authority

ACS Assessor GuideSection 4 – Criterion Specific Guidelines: Criteria 4Criteria 4 – Financial Management4.2.2 Financial procedures are defined, understood and implemented (i.e. there are sound fiscal controls in place).Required Achievement LevelFinancial resources and liabilitiesare managed and controlledthrough audited or certifiedannual accounts.These processes ensure the use offinancial resources to support theplan for the business. All aspects of the previouscolumn plus:Financial resources and liabilities arealso managed and controlledthrough e.g.:• sales ledger• purchase ledger• cash flow and expenses All aspects of the previouscolumn plus:Financial resources and liabilities arealso managed and controlledthrough:• risk management (includingcontingency arrangements)• asset managementAll aspects of the previouscolumn plus:Financial plans are reviewedregularly to ensure relevance andviability and include areas for costsavings.Performance indicators are in placeand are regularly reviewed. All aspects of theprevious column plus:The organisation makes regularuse of available financialbenchmarking data to analyse itsfinancial performance.86The contents of this publication are copyright ©2013 Security Industry Authority, all rights reserved. No part of the contents may be reproduced or transmitted in any form, by any means without prior written permission of the copyright owner.