AP policy vs. procedures

April 11, 2019


Q. Why does a company need an AP Policy if it has strong procedures? Is it just to put things all in one cohesive document? A. To respond to your question, our AP experts and senior trainers Judy Bicking and Pam Miller think it's very important to explain the difference between the terms "policies" and "procedures."Policies are general in nature. They describe in broad terms the organization’s compliance standards and how AP will support them. On the other hand, procedures are how-to guides…

  Become A Member

Join IOFM today as a Professional, Business, or Enterprise Member — or upgrade your Starter Membership — to get access to this content and thousands of other Articles, Webinars, Expert Answers, Resource Downloads, and more!

Join Today

Naturally, this forum doesn’t allow the kind of full information exchange necessary for the Institute of Finance & Management (IOFM) to provide legal advice and the Expert is not a tax attorney in any event. Please understand that the nature of our responses are limited by these constraints as well as the site’s Terms of Use. If you have further questions or suggestions about how we can improve IOFM, please let us know. 
Ask The Expert is a member resource of IOFM and all advice provided is subject to site’s Terms of Use.

Subscribe to our Monthly Insider

You may unsubscribe from our mailing list at any time. Diversified Communications | 121 Free Street, Portland, ME 04101 | +1 207-842-5500