  You may be familiar with the COSO (Committee of Sponsoring Organizations of the Treadway Commission) framework for internal control. COSO has received significant attention when referenced by the Securities and Exchange Commission (SEC) and the Public Company Accounting Oversight Board (PCAOB) as an example of an "internal control system as required by Sarbanes-Oxley Act (SOX) sections 000 and 000.  COSO based Financial Policies and Procedures  These COSO internal controls are then documented in your finance policies and procedures manual template.  SOX, in general, has generated a lot of discussion about internal controls even requiring financial policies and procedures.  Financial Controls Prevent Waste, Fraud and Abuse  Historically, for business finance and accounting processes, controls have typically referred to preventing fraud and abuse. Increasing regulatory requirements have caused compliance 