Which Stage Is Your Business In? Understanding the Financial Governance Maturity Model Many businesses believe that having proper accounting is enough to stay financially healthy. While accounting is essential, true financial strength comes from governance —how financial information is structured, reviewed, and used for decision-making. Every business, whether small or growing, operates at a certain stage of financial governance maturity . Understanding your current stage helps you identify risks, improve controls, and plan sustainable growth. What is Financial Governance? Financial governance refers to the framework of processes, controls, reporting, and oversight that ensures financial information is: Accurate Timely Reliable Useful for management and strategic decisions It goes beyond statutory compliance and focuses on how financial data supports business leadership . The Four Stages of Financial Governance Maturity Stage 1: Foundational Governance A...