Finance and Accounting Risk

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Abstract

Finance + Accounting risk refers to the potential for errors or discrepancies in financial management, bookkeeping, and reporting. As we operate in the web3 space, we will use the blockchain as the single source of truth here, and compare all financial measurements with onchain data.

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Policy

Endaoment believes in proper financial and accounting account management, and in providing accurate financial data to users. We manage these risk through use of the blockchain as the singular source of truth for activity and balances, and regularly test its validity and alignment with our internal offchain data.

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Scope and Applicability

This policy applied to all Endaoment employees, contractors, board members, and those acting on behalf of Endaoment in any capacity. Non-compliance with this policy may lead to disciplinary action up to and including termination/removal. Should there be a conflict of law, the more stringent of either this policy or the applicable law will be applied.

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Operational Controls + Testing

Internal controls will be monitored and/or tested on a periodic basis determined by risk. Monitoring and testing outcomes will be used to inform the continuous improvement of internal controls in order to appropriately mitigate risk.

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Training

All Endaoment employees will receive training on Legal Compliance + Regulatory Risk to ensure policy continuity and application. New hires will be trained within their first 60 days, and mandatory incumbent trainings will be conducted bi-annually with all current employees.

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Governance

This policy will be reviewed by the executive team and updated semi-annually to ensure it remains up-to-date. Escalation of any questions, concerns, or requests for exceptions regarding this policy must be made to the Endaoment executive team and approved unanimously.