FloQast

MAY 7, 2024

The Year End Close: Why Does It Matter? The Year-End closing process is the regulatory requirement that companies verify the accuracy of their annual finances. Following the close, many businesses will also need to open their accounts up for auditors – who will rigorously check their accuracy.

Reconciliation 52

Reconciliation Audit Automation Accounts 52

FloQast

JANUARY 22, 2025

Regulatory Complexity and Increased Reporting Requirements Put a Strain on Resources Regulatory requirements are constantly evolving, and reporting requirements are becoming increasingly complex. After all, any level of friction in your processes leads to lower productivity.

Accounts 52

Accounts AI Automation Audit 52

FloQast

DECEMBER 13, 2023

The purpose of the SPE was to secure financing from the bank and then transfer the cash to Enron for fictitious asset sales. And internal controls are in place throughout all departments of an organization, not just the accounting and finance departments. The CFO must be involved in the risk assessment.

Compliance 52

Compliance Audit White Collar Crime Risk Assessment 52

FloQast

DECEMBER 18, 2024

Maintaining a high standard of reporting requires accounting teams to optimize their close process, eliminating inefficiencies and delays wherever possible, adapting to changes in the regulatory landscape, and seizing opportunities created by advances in accounting technology.

Close Processes 98

Close Processes Process Accounts Adjustments 98