Account Resolution

Resolution Number: [Number]

Date: [Month Day, Year]

WHEREAS, the ongoing efficiency, consistency, and transparency of [Your Company Name]'s financial operations are of utmost priority to the board members, shareholders and all stakeholders;

WHEREAS, the establishment of a unified, clear and comprehensive accounting policy is deemed necessary to maintain the financial integrity of [Your Company Name];

BE IT RESOLVED, that the Board of Directors of [Your Company Name], in a meeting held at [Your Company Address] on [Month Day, Year], has unanimously agreed to adopt the following revised accounting policies and procedures:

Budget Procedure: A comprehensive annual budget proposal shall be created by the Chief Financial Officer (CFO) in collaboration with respective department heads. This must be submitted to and approved by the Board of Directors no later than the last quarter of the current fiscal year.

Financial Reporting: All financial statements and reports shall follow the Generally Accepted Accounting Principles (GAAP) and comply with federal and state laws. Reports should be prepared on a monthly basis by the company's designated accountant and submitted to the CFO for review.

Expense Reimbursements: All staff seeking reimbursement for company-related expenses are required to submit a duly completed and signed reimbursement form together with the necessary receipts and documentation within thirty (30) days of incurring such expense.

Internal Audit and Control: An internal audit shall be conducted annually by an independent, external auditor as part of the effort to ensure the accuracy of financial reporting and the integrity of financial management within [Your Company Name].

Record Keeping: All financial documents, records and reports shall be maintained and securely stored for a period of seven (7) years in compliance with federal and state laws.

BE IT FURTHER RESOLVED, that the Chief Financial Officer (CFO) is hereby authorized and directed to implement these resolutions and ensure compliance with all applicable accounting standards and regulations.

ADOPTED AND APPROVED by the Board of Directors of [Your Company Name] this [Day] of [Month], [Year].

_____________________
[Your Name]

[Job Title]

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[Name]

[Job Title]