In DBS, the policies are an important management tool. Policies reflect the ¡§rules¡¨ that control the performance of the organization processes. Every company that my organization has around the world are subject to follow through the company policies. All employees are responsible to understand every policy no exemptions. They have to sign a document, which states that they read the companies policies, and understand that they need to follow them and will be liable if they do not. The policies in my organization helps employees understand the expectations about the work environment, communicate standards of action and behavior as well as helping new hires get up to speed about how things work in the organization. In addition, it helps increase professionalism and efficiency in the organization as well as to protect the company from possible legal actions. The policies also help management attain reasonable assurance that business risks are managed efficiently as well as the success of the organization. The policies of the organization are developed and operated under a system of internal controls that: h Protects the assets of the organization
h Verifies the accuracy and creditability of accounting data h Helps the organization promote effective and reliable business outcome h Protects the employees
h Affiliates to provide managerial policies
h Verifies that the...