This Consolidated Financial Statement Reporting and Disclosures Policy is designed to empower organizations with the necessary frameworks to enhance the accuracy and reliability of their financial disclosures. By establishing policies and procedures, this tool ensures compliance with SEC regulations and promotes transparency in public filings. It serves as a resource for companies looking to streamline their financial reporting processes while building trust with stakeholders. The structured approach provided in this tool facilitates adherence to accounting standards and equips financial teams with the knowledge and resources needed to navigate complex regulatory environments effectively.

This tool includes two samples that provide actionable insights into effective financial reporting practices. Sample 1 emphasizes the importance of controls to guarantee the completeness and accuracy of disclosures made in quarterly and annual filings, detailing the roles of responsible parties and essential definitions. Sample 2 outlines specific policies and procedures that guide the disclosure process, highlighting the significance of ongoing education and resource availability for financial reporting teams. Collectively, these samples illustrate a methodical approach to ensuring that organizations can present their financial information with confidence and integrity while meeting regulatory expectations.

Sample procedures include:

• The accounting system's financial data is imported and mapped at the account level to the ERP system.
• Financial reporting team members are educated continuously for new learning or to keep current on financial reporting topics.
• A schedule of events and timing for each quarterly and annual reporting period is established in cooperation with the company.