Non-Routine Transactions Policy

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screenshot of the first page of Non-Routine Transactions Policy

This sample policy establishes uniform procedures for identifying and recording non-routine transactions. Non-routine transactions include the acquisition or disposal of a business unit, the adoption or cancellation of a benefit plan, a change in accounting principles, the opening/closing/sale of a plant, implementation of a restructuring plant, and any other item that is considered to be infrequent or unusual to operations and is determined to be non-routine by the CFO, disclosure committee, the audit committee and/or the board of directors.

In this example, all non-routine transactions should be formally documented in writing and forwarded to either the corporate controller or CFO upon occurrence.

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