These financial regulations and manual set out a broad framework of financial management systems, controls, procedures which lay down the power, authority and responsibility of officers to administer, regulate, monitor and control financial transactions (revenue and expenditure), incur financial commitments and authorize payments specifying their limits in order to ensure that financial resources are
effectively and efficiently utilized and managed.
The regulations are supplemented by more detailed procedural instructions covering specific aspects of the financial operations and the supporting financial information systems, such as procurement, staff regulations and manual. The regulations translate into practical guidance of the broad policies relating to financial controls at Relief to Development Society (REDESO).