Subscribe to one of our Finserv newsletters. If you sign up to our free Finserv monthly newsletter, you will receive a free Business Health Check report. Home We live and work in a fast-changing business world. This means that we need to be able to adapt to these changes quickly. Itâs not possible if our financial reporting systems are out-of-date, or just not up-to-date. We need to be geared for change. This is why we use the phrase âAccounting for Changeâ to underline what we do for clients.
A policy is a deliberate system of principles to guide decisions and achieve rational outcomes. A policy is a statement of intent, and is implemented as a procedure or protocol.olicy differs from rules or law. While law can compel or prohibit behaviors (e.g. a law requiring the payment of taxes on income), policy merely guides actions toward those that are most likely to achieve a desired outcome.
At its most basic, policy is âa course or principle of action, adopted or proposed by a government, party, business or individualâ (Australian Concise Oxford Dictionary). The term is used in many different ways, varying from institution to institution, organisation to organisation and sometimes within institutions and organisations as well.