IPSU » Topics » Accounting Systems

This excerpt taken from the IPSU 10-K filed Dec 12, 2006.

Accounting Systems

The Company is required to keep books and records that accurately and fairly reflect its business transactions and dispositions of assets. All associates who have responsibility for accounting, financial reporting, treasury, banking, or similar functions must be familiar with the Company’s accounting policies and procedures. All associates must comply with the Company’s Record Retention Policy.

In addition, no undisclosed or unrecorded fund or asset shall be established for any purpose. No false or artificial entries shall be made in the books and records of the Company for any reason and no associate shall engage in any arrangement that results in such an entry. No payment shall be approved or made with the intention or understanding that any part of such payment is to be used for a purpose other than that disclosed by the documents supporting the payment.

 

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