Consulting Brief: The Dirty Dozen – 12 Signs Accounting Problems May Be Lurking In Your Financial Closing Process

Well run financial reporting and close processes have lots of characteristics in common. In general, these include:

1. Adequate, experienced, motivated, organized and proactive staff
2. Excellent process of communication and exchange of information
3. Robust and current process and internal control documentation
4. An environment of continuous improvement and an ability to absorb change
5. Sufficient review and supervision
6. A culture of quality and excellence
7. Sufficient and balanced risk management practices
8. Sufficient contingency planning
9. Current, clear and concise goals and objectives

Are there hidden accounting issues going undetected by your financial closing process? What are some of the signs of a hidden closing process problem? Please fill out the form to download our consulting brief "The Dirty Dozen - 12 Signs A Financial Accounting Problem May Be Lurking In Your Close Process".