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. FloQast organises not only my close workflow but that of my entire team. It makes it easy for me to see exactly where everyone is in the close process.

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

They are implemented at all levels of the organization and are often embedded in business processes. Examples of control activities include: Approvals Authorizations Verifications Reconciliations Asset security Segregation of duties 4. All of these need to be well documented and replicable for external auditor testing. “I

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