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:
- Adequate, experienced, motivated, organized and proactive staff
- Excellent process of communication and exchange of information
- Robust and current process and internal control documentation
- An environment of continuous improvement and an ability to absorb change
- Sufficient review and supervision
- A culture of quality and excellence
- Sufficient and balanced risk management practices
- Sufficient contingency planning
- 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".