Accounting quality is an integral part of HD Faculty™'s business affairs; therefore, from time to time, the Chief Financial Officer is required to ensure that the prevailing account policies employed do not overstate nor understate HD Faculty™s financial performance and position. The Chief Financial Officer is required to ensure that the Internal Auditor(s) accurately disclose all data, where applicable, in respect to: |
a. |
inventory evaluation methods |
c. |
goodwill and intangible assets; |
d. |
treatment of extraordinary items; |
h. |
non-consolidation subsidiaries; |
i. |
healthcare and pension obligations (method of accounting; funding of pension liabilities; pension plan assumptions, severance indemnities); |
j. |
undervalued assets, such as last-in-first-out (LIFO) reserve; |
l. |
off-balance obligations, debt/equity hybrid instruments; and |
m. |
translation of foreign currencies. |