Financial Reporting
Our Policy
Integrity in our recordkeeping inspires trust by our customers, partners, suppliers, colleagues, investors, and other stakeholders.
We prepare timely, accurate, and complete financial information for use in reports to management, investors, regulators, and other stakeholders.
Showing Accountability and Trustworthiness
Each of us has an obligation to follow all internal controls in recording and maintaining our company books and records.
Maintain effective processes and internal controls that fairly reflect transactions or events in a timely manner, as well as prevent or detect inappropriate transactions.
Follow the appropriate Schedule of Authorizations and obtain all necessary approvals for business transactions and expenses.
Be honest, accurate, and complete when preparing any business documents.
Never sign or enter into side agreements that are not on standard paper or have not been approved by Legal and Contracting.
Never engage in inappropriate transactions that misrepresent the reporting of other parties, such as customers or suppliers.
Never engage in tax evasion or facilitate anyone else in engaging in tax evasion.
Take the time to review and verify that documents you approve are factual and accurate.
Know your customers and partners and understand their use of our products and data to prevent illegal activity.
Watch for and report signs of potential fraud, bribery, tax evasion, or money laundering activity.
Observe both the form and spirit of technical accounting and ethical standards.
Seek the advice of your controllership team if you become aware of a questionable transaction.
If you identify transactions that are questionable, immediately notify your manager, controller, or the Ethics and Integrity Team.
Accurately complete quarterly representation letters or other required representations when asked.
At the end of the quarter, your supervisor mentions that he asked a business partner to place an order early to meet his target and verbally committed to take the product back if the deal did not materialize with the end customer. How should you respond to this?
You should contact the Ethics and Integrity Team and report the deviation in your quarterly representation letter.