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Section 5: Full, Fair, Accurate, Timely and Understandable Disclosure
Financial Integrity
The Company must always strive to retain the trust of our investors. The disclosures we make to the SEC and our investors are the essential source of information about the Company for regulators and investors. In any reports and documents that the Company files with, or submits to, the SEC or any other governmental agency, and in our other public communications, our disclosures will always be full, fair, accurate, timely, and understandable.
Accurate and Complete Books, Records and Accounting
A company's credibility is judged in many ways--and one very important way is the integrity of its books, records and accounting. In addition to our own commitment to accurately report financial performance, the Company is required by securities laws to report in accordance with generally accepted accounting principles.
Every director, officer, and employee of the Company must help ensure that reporting of business information, computerized, paper or otherwise, is accurate, complete, and timely. This includes accurately booking costs, sales, time sheets, vouchers, bills, payroll and benefits records, regulatory data, and other essential Company information.
In addition, all employees must:
- follow all laws, external accounting requirements and Company procedures for reporting financial information
- never deliberately make a false or misleading entry in a report or record
- never alter or destroy Company records except as authorized by established policies and procedures
- never sell, transfer or dispose of Company assets without proper documentation and authorization
- cooperate with our internal and external auditors
- contact the accounting department with any questions about the proper recording of financial transactions
The goal of accurate accounting and financial reporting requires compliance with rules from the Securities and Exchange Commission, the Financial Accounting Standards Board, and other regulatory organizations. If you have questions about accounting and financial reporting standards, contact the Company's Accounting Department.
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Q: What does financial integrity have to do with me--isn't this just an issue for the Company's accountants?
A: All Company employees, at all levels, have a responsibility to practice "financial integrity".
Virtually all employees impact the company's financial records--for example, by preparing expense reports or time and billing records. Many of our day-to-day decisions and actions on the job can affect the Company's financial integrity.
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