
547
Introduction to Information Quality
in Financial and Risk Management
This chapter on Information Quality in Financial Management describes how to
measure and improve Financial and Risk Management Information. The goal is to
ensure that the organization is fiscally responsible, and has an accurate and
clear understanding of the Value derived from its spending and investment.
This chapter also addresses the Quality of Compliance Information to ensure
that it is being a good Steward for all of its Stakeholders.
Financial resources are used to acquire other resources, for example, to hire
and pay Employees, build or lease facilities, purchase equipment to develop
products and services for the Customer. Financial Information represents the
organization’s income and expenses and its asset and liability position as well
as its Financial health.
Without accurate Financial Information, Strategic and Tactical Planning is
hampered and operational activities can be disrupted.
C h a p t e r
12
Information Quality Applied to
Financial and Risk Management:
“Budget-to-Profit”
“Making decisions that focus on quarterly profit-and-loss statements
without understanding Customer needs is a guaranteed way
to enterprise failure.”
Larry P. English
34474c12.indd 547 8/28/09 3:40:44 PM