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Chapter 14

Tax, Governance and Your Responsibilities

I didn't realise approving that expense had compliance implications.

20 min read
This is real

"A senior manager approves an expense outside his delegation, to help a teammate. The audit picks it up. His protection disappears."

Key concepts

Concept 1

Tax for a manager

You don't need to file tax. You do need to know when an approval has tax implications — contractors, gifts, cross-border.

Concept 2

Delegations & Segregation

What you can approve, what you can't, and which transactions need a second pair of eyes.

Concept 3

Four personal responsibilities

Approve within authority. Code correctly. Submit on time. Never bypass controls — even with good intentions.

Flashcard deck

Tap a card to flip.

Knowledge check

Q1

Bypassing a control to help a teammate:

Q2

Segregation of duties means:

Q3

If you don't know whether something is within your delegation:

Red flag alert

Bypassing controls — even with good intentions — removes your protection if something goes wrong.

Questions to ask your finance team

  • 1.What expenses am I allowed to approve, and what requires escalation?
  • 2.How do I correctly classify a contractor vs. employee engagement?
  • 3.What is our delegation of authority matrix?