This post is originally from The Protiviti View. Protiviti, a subsidiary of Robert Half, is a global consulting firm that helps companies solve problems in finance, technology, operations, governance, risk and internal audit. The Protiviti View, the company’s blog, features commentary, insights and points of view on key challenges and risks facing companies today.
Financial reporting deadlines and regulatory compliance demands are challenging enough. No need to intensify them by postponing tasks best tackled now.
From new revenue recognition rules to the updated COSO Internal Control Framework, there are several issues that merit prompt attention. In a recent interview with Compliance Week, I was asked to come up with five things companies should be doing right now to prepare for the year-end close. Jim DeLoach asked me to share them here: