This tool contains two sample policies that document the approval and authorization requirements to commit company funds or assets.

According to this policy, all employees should know and adhere to their approval authorization limits; the finance organization is responsible for ensuring compliance with these guidelines; the president or the chief financial officer may approve exceptions to this policy but not beyond the limits of their authority; the authorization limits should be converted to the operation's functional currency; and the local finance manager is responsible for updating the local levels, as needed, due to foreign currency exchange fluctuations.