This sample policy outlines procedures for managing significant accounting updates. The purpose of this policy is to enhance the disclosure process and practice of early detection of required SEC financial reporting disclosure items in order to improve the efficiency and effectiveness of compliance efforts. It applies to all parties responsible for financial reporting and disclosure of related events.
This document can be used as a general guide to understand an organization's significant accounting updates. Organizations should continuously update and monitor the processes included in this document to ensure that it reflects business operations.