From the Inside Out.
"An undocumented process is an uncontrolled process. If it lives only in someone's head, your organisation is one resignation away from chaos."
— Finerio Governance Practice
Your Finance Team's Operating Manual, Written Down and Working
Policies and Procedures are the formal written documents that define how your organisation makes decisions and performs activities. A policy sets the rule or principle: "All supplier invoices above AED 50,000 require dual approval." A procedure describes how to implement that rule step by step: "Step 1: upload invoice; Step 2: route to line manager for approval; Step 3..." Together, they form your organisation's finance operating manual.
In a finance and accounting context, policies and procedures cover everything from how transactions are recorded, accounts reconciled, and financial statements prepared, to how fraud is reported and delegated authority is exercised. Without documented policies, every staff member follows their own interpretation — leading to inconsistency, errors, and an inability to demonstrate compliance.
Finerio develops and reviews finance and accounting policies and procedures — from standalone accounting policy manuals to comprehensive finance operations libraries. Our outputs are IFRS-aligned, audit-ready, and written in clear language that finance staff and non-finance managers can actually follow.
P&P documentation — the foundation of a governed finance function
Finance policies and procedures go by many names across governance, compliance, and operational contexts — all referring to the same essential documentation framework.
What We Deliver
Comprehensive policy and procedure development — from a single accounting policy to a complete finance operations manual.
Key Activities in Every P&P Development Engagement
How Finerio develops, validates, and implements finance policies and procedures — from initial scoping through to training and adoption.
Current State Review
We review your existing documentation — accounting policies, procedures, authority frameworks — to understand what exists, what is outdated, and what is missing, before designing the scope of new documentation.
Stakeholder Workshops
We facilitate working sessions with finance, operations, legal, and management stakeholders to understand current processes, identify pain points, and gather the inputs needed to document them accurately.
IFRS & Regulatory Alignment
Every accounting policy is aligned to applicable IFRS and IAS standards and to UAE regulatory requirements — reflecting current standards, not outdated or non-compliant practices.
Policy Drafting
APolicies are drafted in clear, plain language — avoiding unnecessary jargon, with practical examples illustrating how the policy applies in common scenarios your team will encounter.
Procedure Mapping & Documentation
Physical counts are matched to the FAR to identify missing assets, unrecorded items, and discrepancies. Procedures are documented clearly — detailed enough to follow, yet flexible for practical use.
Management Review & Validation
Draft policies and procedures are reviewed by relevant process owners and management — testing whether documented steps reflect reality and whether the policies are operationally practical.
Board / Audit Committee Approval
For policies requiring formal governance adoption (accounting policies, anti-fraud policies, delegated authority), we support preparation of the board or audit committee paper seeking formal approval.
Staff Training & Rollout
We develop training materials and facilitate awareness sessions — ensuring the team that needs to follow the policies and procedures understands and is equipped to apply them from day one.
Questions we hear from clients every week.
Everything you need to know about developing finance policies and procedures for your UAE business.
Preparing IFRS-compliant accounts does not mean your accounting policies are documented. Many UAE finance teams make correct accounting judgements intuitively — but if those judgements are not written down, they cannot be: consistently applied across periods; communicated to new staff; reviewed by auditors; relied upon by investors; or defended in a legal dispute. A written accounting policy manual is the evidence that your judgements are deliberate, considered, and consistent — not accidental.
A policy is a statement of principle — it says what should be done and why. For example: "All capital expenditure above AED 100,000 requires CFO approval." A procedure describes how to implement the policy step by step — who initiates the request, what form is used, who reviews it, what system entry is made. Both are necessary: policies without procedures are aspirational; procedures without policies lack the authority and rationale to be enforced consistently.
Accounting policies should be reviewed at minimum annually as part of the year-end financial reporting process. They must also be reviewed when: a new IFRS standard or amendment becomes effective; the company enters a new type of transaction not covered by existing policies; the business model changes significantly; or auditors or regulators raise concerns. We recommend building a formal policy review cycle into your annual reporting calendar — typically Q3, giving time to update policies before year-end accounts are prepared.
A Delegated Authority Matrix (DAM) defines exactly who can approve what — and at what monetary thresholds. For example: a supervisor approves expenses up to AED 5,000; a manager up to AED 25,000; the CFO up to AED 500,000; the board above that. Without a DAM, there is no clear control over who is committing the company financially — creating significant fraud risk and governance gaps. A well-designed DAM is one of the most fundamental financial controls any organisation can implement.
Yes — and we believe implementation is as important as documentation. A policy manual that sits in a shared folder unread provides no value. Our implementation support includes: training sessions for finance and operational staff; template forms aligned to new procedures; an adoption tracking mechanism; and a 90-day post-implementation review to refine documentation based on real-world application. We stay engaged until policies are genuinely being followed, not just formally adopted.
Governance gap in your finance function?
Whether you need an accounting policy manual from scratch, an update for new IFRS standards, or end-to-end finance process documentation — we are ready to help.