Financial Policy
Financial policy is a systematic activity aimed at creating, distributing and using the financial framework required to achieve the company's economic objectives through the use of its financial resources, in accordance with the requirements of local and international legislation.
The Financial Policy of Caspian Industrial Construction LLC establishes the company's short- and long-term priorities and objectives and links them with operations and expenditures. Based on these priorities, an annual budget is prepared and approved by management before implementation.
The company is committed to ensuring that its financial statements comply with applicable accounting standards and regulations and ensures transparency by providing reports to relevant stakeholders.
Confidential financial information is protected, and access is restricted to authorized personnel when required.
The purpose of the Financial Policy is to ensure that a comprehensive planning process is established to support the company's decision-making, and that sufficient resources are available to provide high-quality services at reasonable prices.
This policy promotes prudent financial practices, transparency, accountability and compliance with applicable laws and regulations.
The policy applies to all employees and contractors of Caspian Industrial Construction LLC who are involved in financial management and decision-making. It covers all aspects of financial management, including budgeting, financial reporting, internal controls and financial decision-making.
Financial Policy Objectives
- Ensure economic growth in line with the company's potential;
- Maintain a balanced budget;
- Ensure financial stability by maintaining balance beyond the effects of inflation and deflation;
- Increase investments;
- Improve income distribution.