Reporting health check on controls and processes [Sample survey]

[Please share your contact details with your response so we can share our initial assessment]
Financial close process is an accounting procedure carried out at the end of the month to close the current period from posting transactions. The close process begins with recording the journal entry (actuals & estimates) and activity, which leads to the review stage and subsequently Monthly reports. 

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* 1. How many applications and systems are connected to your accounting system?

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* 2. Any standard process exist to transfer financial data between accounting system and all other connected systems?

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* 3. How often any operation performed to correct the financial data in ledger after the month end closing?

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* 4. Any process exist to record the financial data into ledger after the month end closing date?

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* 5. Any special correction of entries are required apart from daily accounting process at the month end?

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* 6. Is there a standard process in place to submit all regulatory returns and reports?

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* 7. Does your accounting system include effective reconciliation module which is easy to use and understand?

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* 8. How often do you need to rectify your financial data in the ledger system?

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* 9. Does your accounting system requires dual control when user manually enter key data into ledger system.

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* 10. Average number of people engaged to support in the accounting and finance function in the business

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