The current business environment has introduced significant risk to companies’ month-end close and financial reporting processes. With employees working from home, firms are required to deliver their first fully remote month end and quarter close. Finance teams must consider the impacts of this virtual close, which will require tighter coordination and necessitate working closer together than ever before.
Some of the new and complex challenges which companies are facing as they prepare to execute their remote financial close include:
To help firms navigate this disruption, our most recent guidance outlines the broad context in which the close needs to be completed as well as key operational and market considerations. It covers such topics as:
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