Hubbell Policies

policy.

Internal Audit reviews are performed periodically at the discretion of the local, Group, or Corporate management.

SOX key controls relevant to balance sheet account reconciliations are reviewed and tested at select locations as appropriate.

Exceptions. In order to obtain an exception to this procedure a written request must be submitted to the Vice President, Controller that contains a compelling business reason why the account cannot be reconciled per the requirements of this Procedure.

ACCOUNTING AND DISCLOSURE

None

REPORTING

None

DEFINITIONS

Account Currency shall mean the currency defined for the specific general ledger account that is being reconciled in the entity’s system of record. Account Reconciliation shall mean a comparison of the supporting documentation for an account balance to the actual general ledger balance to ensure the existence, completeness and accuracy of the ending account balance recorded in the general ledger.

Active Accounts shall mean any account in the general ledger that has the ability to be posted to.

Adequate Supporting Documentation shall mean represents evidence substantiating the existence, completeness and accuracy of the period end balance in a general ledger account and includes, but is not limited to, invoices, bank statements, subledgers, relevant calculations, contracts/agreements, or a narrative detailing a clear and complete explanation of the item being supported. A roll-forward of the activity in an account balance from the beginning to the end of the period is not Adequate Supporting Documentation.

Earnings Release shall mean t he public announcement of the Company’s quarterly or annual results which can be found in the Investor Info section at www.hubbell.com.

Hyperion Financial Management shall mean f inancial reporting system used to consolidate Hubbell’s financial statements.

Timely Manner shall mean items are considered completed in a timely manner for month-end and non-quarter end reporting if prepared prior to the last calendar day of the subsequent month. For quarter-end purposes reconciliations must be prepared two business days prior to the Earnings Release unless otherwise communicated by the Controller or Assistant Controller. Reconciling items are considered adjusted timely if adjusted no later than the next monthly reporting period unless otherwise agreed upon with the Vice President, Controller. All reconciling items requiring adjustments greater than $50,000 USD or $50,000 USD equivalent must be communicated to the Vice President, Controller.

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