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  • Cost Efficient Budget Approval Budget

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    narasi64
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    The document outlines the KPMG/GE audit management process, which requires monthly expense forecasts to be approved by the BPO Global Head. Any expenses not included in the approved monthly forecast or exceeding the forecast amount require a detailed business case substantiating the objective, benefits, financial details, and importance of the expense for approval. The business case must address questions around the purpose, importance, budget implications, benefits, financial costs, and consequences of not approving the expense.

    Original Description:

    finance

    Original Title

    Fiscal Prudence

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    The document outlines the KPMG/GE audit management process, which requires monthly expense forecasts to be approved by the BPO Global Head. Any expenses not included in the approved monthly forecast or exceeding the forecast amount require a detailed business case substantiating the objective, benefits, financial details, and importance of the expense for approval. The business case must address questions around the purpose, importance, budget implications, benefits, financial costs, and consequences of not approving the expense.

    Copyright:

    © All Rights Reserved
    Download as PPT, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    11 views4 pages

    Cost Efficient Budget Approval Budget

    Uploaded by

    narasi64
    The document outlines the KPMG/GE audit management process, which requires monthly expense forecasts to be approved by the BPO Global Head. Any expenses not included in the approved monthly forecast or exceeding the forecast amount require a detailed business case substantiating the objective, benefits, financial details, and importance of the expense for approval. The business case must address questions around the purpose, importance, budget implications, benefits, financial costs, and consequences of not approving the expense.

    Copyright:

    © All Rights Reserved
    Download as PPT, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 4

    g

    KPMG/GE Audit Management Process Protocols

    Cost efficient

    Budget

    Budget
    Approval

    Fiscal Discipline
    Monthly Forecast
    Forecast
    Variance

    Business case
    Approval

    Business Case
    The earlier slide is the monthly dept expense
    forecast which needs to be approved by the
    BPO Global Head. Each expense in the forecast
    would need to be substantiated to the BPO
    Global Head.
    For each individual expenses that has not been
    approved in the monthly forecast or is more than
    the forecast amount, there need to be a
    business case with the objective, impact if not
    done and the benefits from the expenses as well
    as the amount of finance involved.

    Cont

    What is the purpose of this expense


    Why is it important
    Why was it not in the financial forecast
    Is it within the budget.
    What are the benefits
    How much is the financial outgo
    What are the consequences of not doing this
    now
    How does it fit with business initiatives and
    targets.

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