Financial Integrity and Fraud
We maintain accurate financial records and comply with all disclosure standards.
What we need to know
Financial integrity is key to maintaining the trust of our shareholders, customers, business partners and employees
Meeting International Financial Reporting Standards is not only required, it enables us to best manage our business
What is expected of all of us
We follow Telenor’s Accounting Principles (TAP) and abide by internal controls implemented by Telenor
We register all transactions correctly in accordance with legal obligations and good accounting practices
We report accurately, reliably, transparently, consistently and in a timely manner
We ensure that expenses are reasonable and recorded properly when we spend the company’s money
We make decisions in accordance with applicable Group or Local Authority Matrix and ensure segregation of duties where applicable
We verify facts and completeness of information and underlying business rationale before approving a transaction or signing a document
We do not create fraudulent records, falsify documents or otherwise misrepresent facts, transactions or financial data
What to look out for
If we see financial or accounting irregularities
If we become aware that a colleague or business partner has falsified any documentation
If we are unsure if we have recorded a transaction correctly
If we become concerned that any employee is misreporting financial information, including sales results or forecasts
If we become concerned that Telenor’s resources are not being spent or recorded as consistent with our policies