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Internal Control over Financial Reporting - Core

Financial Statement Close and Reporting

The Financial Statement Close and Reporting Playbook addresses the following areas:

  • Policy and Procedures

  • Segregation of Duties (and access rules that support SOD)

  • Non Routine Transactions

  • Asset Impairment Assessment

  • Foreign Currency Transactions

  • Depreciation and Amortization

  • Income Taxes

  • Transfers from Sub-ledgers

  • General Ledger Close

  • Inter-company Accounts

  • Consolidations

  • Preparation of the Financial Statements

  • Final Financial Statements and Disclosures, and

  • Additional Considerations (IPE and Management Review Controls)

 

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What is the Financial Statement Close and Reporting Playbook?

The Financial Statement Close and Reporting Playbook addresses the following areas:

  • Policy and Procedures
  • Segregation of Duties (and access rules that support SOD)
  • Non Routine Transactions
  • Asset Impairment Assessment
  • Foreign Currency Transactions
  • Depreciation and Amortization
  • Income Taxes
  • Transfers from Sub-ledgers
  • General Ledger Close
  • Inter-company Accounts
  • Consolidations
  • Preparation of the Financial Statements
  • Final Financial Statements and Disclosures, and
  • Additional Considerations (IPE and Management Review Controls)
 

Gallery

 

You Also Get

Policy Document Template

Policy Document Template

These templates are designed to be a starting point for your clients, which can be tailored for your client's specific organizational needs.

Overview Flow Charts

Overview Flow Charts

A diagrammatic representation of the flow of assessment activities within your playbook.

Instructions

Instructions

Our instructions for use. These are the same for all our playbooks, once you know how to use one, you can use them all.

Tutorial

Tutorial

A PowerPoint tutorial on the specific playbook, covering the most important aspects of this area of assessment.

 

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Related Playbooks

Baseline Controls in Small Entities

Entity Level Controls (Tone-at-the-Top)

Financial Statement Close and Reporting

General Control Activities over Technology (ITGC)

Information Technology Application Controls (ITAC)

Systems Development Life Cycle (SDLC)

Based on Authoritative Sources

 

US Securities and Exchange Commission FRC FFIEC European Commission COSO
 

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