WCHA’s reputation in the public marketplace is an important asset. We must use our assets and business information in a responsible manner and in the best interests of our members.
Accounting for Business Transactions; Business Records
The accurate and timely recording of financial information is important to our members, and our Board of Directors. Our business practices must be conducted with the highest standards of ethical behavior, and our transactions must be accurately and properly documented and accounted for. Our commitment to the long-term success of WCHA is too important to sacrifice our reputation by resorting to unacceptable accounting practices.
While certain officers and employees have job responsibility for accounting for business transactions and the preparation of accurate financial statements, the overall responsibility extends to each and every member. All of us must ensure that our business transactions are promptly and properly reflected on our books and that all transactions are documented in a manner consistent with their economic substance.
Our financial records must conform to Generally Accepted Accounting Principles (GAAP).
Individuals who have concerns about WCHA’ financial, accounting, internal accounting controls or auditing matters, may report such matters to the Executive Committee of the Board of Directors.
Proper Use of Company Assets
Every member and employee has a responsibility to protect our assets against loss, theft and misuse. Our funds and property should only be used for the benefit of WCHA.
Theft, embezzlement or misappropriation of WCHA property by any employee is prohibited.
Proper Use of Confidential Information
You may not, directly or indirectly, disclose, or use for the benefit of any person, firm, corporation or other business organization or yourself, any of our confidential information.