How to Manage Risk and Reduce Friction within your Financial Closing Process
The last 17 years have produced some of the most notable financial statement frauds in U.S. History, including: AIG, Enron, HealthSouth and AIG. The magnitude of the losses associated with accounting scandals stresses the importance of recognising financial reporting red flags in both small and large companies. These red flags are often indicative of:
- underlying operational fraud
- friction and weaknesses in the closing process
- economic distress and financial reporting fraud.
Are you ready to reduce risk within your financial close?
This webinar will dig into these three groups of red flags and will provide best practices for mitigating risk in the financial close. We’ll also discuss how checklists, metrics and analytics can identity process weaknesses and identify areas of possible economic distress.