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Blog - Reporting Challenges for Companies around the Globe

  • 1.  Blog - Reporting Challenges for Companies around the Globe

    Posted Mon November 16, 2020 08:34 AM

    Close, consolidate, and reporting

    The coming reporting season will be unlike any other members have faced. With the unprecedented uncertainty caused by COVID-19 and the further significant disruption that undoubtedly lies ahead, they face more challenges than ever in preparing and auditing financial statements.

     

    In addition to COVID-19, members face further reporting challenges relating to Brexit, with the transition period ending on 31 December 2020, and the impacts of climate change, which came into sharper focus in 2019.

    https://www.icaew.com/insights/viewpoints-on-the-news/2020/nov-2020/202021-reporting-season-accountants-face-up-to-exceptional-challenges

     

    Companies around the globe will be facing similar challenges with their close, consolidate, and close cycle

    • More and more companies are looking at automation
    • More and more companies are embracing Data and AI
    • More and more companies are looking at risk analytics
    • More and more companies are reviewing their supply chain management
    • More and more companies are putting more emphasis on real-time reporting.

     

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    Here is my blog on linked in 
    2020/21 Reporting Season: accountants face up to exceptional challenges
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    2020/21 Reporting Season: accountants face up to exceptional challenges
    The coming reporting season will be unlike any other members have faced. With the unprecedented uncertainty caused by COVID-19 and the further significant disruption that undoubtedly lies ahead, they face more challenges than ever in preparing and auditing financial statements.
    View this on Linkedin >




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    paul YOUNG
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