Process inefficiencies are present in most corporate accounting departments and contribute to the inability to produce timely, accurate and meaningful financial and operational data. Material weaknesses and internal control issues are often the result of poorly designed or implemented processes.
DCG works with clients to identify and address process improvement opportunities, including:
- Streamlining the monthly, quarterly, and year-end closing processes
- Aligning daily activities with the month-end and quarter-end closing processes
- Developing daily workpapers and documentation that support the closing and financial reporting processes and is prepared in “auditable” format
- Re-engineering key processes and implementing best practices that are scalable
- Incorporating the company’s internal control objectives into the daily processes