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Saves time and costs, and enhances reputation
- Regulation and compliance are core work for treasurers. Mastering them and collaborating with colleagues and specialist support saves time and costs, and enhances reputation. Ignoring them is not an option.
learning.treasurers.org/resources/understanding-regulation-for-treasurers
The importance of ethics when regulation has become more all-embracing is discussed in The Treasurer article Ethics in an Era of Regulation. All members, corporate representatives, affiliates and students are required to abide by the ACT's ethical code and disciplinary rules.
Oct 24, 2024 · The relevance for treasurers who work in financial institutions is fundamental, particularly given the regulator's recognition of voluntary codes, and taking them into consideration when reviewing regulated organisations. But why should non-financial corporates be interested in them?
Sep 21, 2024 · Treasurers are strategic leaders, providing critical insights that shape the financial stability and future growth of their institutions. They balance risk, ensure regulatory compliance, and leverage new technologies to enhance decision-making.
Dec 7, 2023 · Understanding financial regulations and reporting requirements is crucial for treasurers to ensure compliance and avoid penalties. Treasurers must have a thorough understanding of GAAP and any local or international regulations that apply to their organization.
Corporate treasurers should understand the corporate-governance regulations that apply in the jurisdictions where they operate. Both the organisation itself and the daily activities of treasury need to be in compliance with these regulations.
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Oct 18, 2023 · A firm understanding of the organization’s bylaws is vital for treasurers to ensure compliance with internal policies and external regulations. Treasurers should be familiar with the financial rules and requirements outlined in the bylaws to maintain the organization’s financial integrity.