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Travel Expenses for Non-SSPL Employees Quiz

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Travel Expenses for Non-SSPL Employees Quiz

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Questions and Answers

What are the considerations when dealing with travel expenses for non-SSPL employees?

Travel needs to be related to SSPL’s business, prior approval needs to be sought from ED, required documentation for reimbursing expenses, travel only for the business associate, avoid direct reimbursements.

When can SSPL employees accept sponsored travel and entertainment expenses from a third party?

SSPL employees can accept sponsored travel and entertainment expenses from a third party if approved by their immediate reporting manager.

What level of approval is required for SSPL employees if an event involving sponsored international travel is to be attended?

Approval needs to be sought from the business unit head or ED.

Why should direct reimbursements to non-SSPL employees be avoided for travel expenses?

Direct reimbursements should be avoided to maintain transparency and ensure that reimbursements are made to the Government Entity or business entity employing the expense recipient. Signup and view all the answers

What is the consequence if an employee fails to report financial information accurately and completely?

The integrity of SSPL’s financial transactions and records is compromised. Signup and view all the answers

Why is it important for SSPL to make full, fair, accurate, timely, precise, and reliable disclosure on material aspects of its business?

To maintain the trust and confidence its stakeholders have in SSPL. Signup and view all the answers

What is the responsibility of SSPL towards its shareholders in terms of financial transactions and dealings?

To record all transactions and dealings fully and accurately in compliance with accounting policies and procedures. Signup and view all the answers

What is the purpose of SSPL's robust internal control system?

To promote the efficient conduct of business, prevent and detect fraud, and ensure the completeness and accuracy of financial records. Signup and view all the answers

Define fraud as per the text provided.

Any wrongful or criminal deception, intentional concealment, omission, or perversion of truth intended for financial or personal gain. Signup and view all the answers

What action should employees take if they suspect or know of any fraudulent activity?

They should promptly report it to the Human Resources Department. Signup and view all the answers