Corporate Records
We cannot overstate the importance of ensuring that AFC® corporate records are truthful and complete.
AFC policy:
Every employee has a responsibility to make sure that the corporate records are truthful, complete and reliable.
As a result:
All employees must:
- create clear and accurate entries in accordance with generally accepted accounting principles and AFC's system of internal controls;
- record all financial reporting and accounting;
- detail the true nature of every transaction or payment in its supporting documentation;
- report the existence of any undisclosed or unrecorded funds or other assets;
- send executed originals of all AFC contracts to the Office of General Counsel; and
- be honest and open with all auditors. Your complete disclosure of all required information is essential, as misleading or partial disclosures can give the appearance of unlawful or unethical actions.
In addition:
- No undisclosed or unrecorded funds or other assets are permitted.
- No false or misleading entries may be made in our books or records.
- All corporate records (including correspondence, reports and memorandum) are maintained for a specified period of time and then destroyed in compliance with statutory and legal requirements and the applicable department record retention policy.