Driving Efficiency: Shorter Close, Stronger Controls
September 30, 2021
< 1 Minute Read
A publicly traded global internet company was experiencing a lengthy record to report (R2R) process, and in the previous year needed to restate their financial statements. As a result, the company was in a perpetual close process during 10 months of the year, and their external auditors had cited the R2R process as a material weakness.
Our client needed to shorten the overall financial close process while maintaining and enhancing internal controls. RGP assessed the R2R process and provided them with the knowledge and tools to optimize the accounting close.
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