Part 2 of the Risk of Manual Processes blog series. You can access the full series here. It’s five minutes before the monthly business review meeting. Your palms are sweaty, your breathing is shallow, and you’re bracing yourself for the blame...
In accounting, we are taught many things that are set in stone. Debits on the left and credits on the right. Assets equal liabilities plus owners’ equity. We are also taught that there are certain things that are considered “shoulds”...
The concept of global process ownership is a relatively new phenomenon. Although the benefits of appointing a single process owner for core financial processes are compelling, delivering on that promise is a formidable concern. The digital economy combined with new...
In my experience, maintaining process documentation was usually given a lower priority and would fall by the wayside as higher priority activities were performed. This had unfortunate consequences down the road because we would often end up scrambling to bring...
A common theme these days is how to get by with less money at your disposal. Whether it’s accounting, auditing or IT related, it seems that resources are the first thing to be scaled back during tough economic times. The...
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