For companies with a distressed internal control environment or new to the public company ecosystem, remediating significant deficiencies or material weaknesses in their financial reporting requires an effective execution strategy.
Many publicly traded organizations struggle with maintaining effective internal controls over financial reporting. Remediating significant control deficiencies or material weaknesses can be a multiyear challenge that can lead to increased audit costs, departure of talent and an inability to scale business operations effectively if not handled correctly. Organizations that tackle the problem with an investment in addressing their root causes with precision are the most successful. Solutions may include a combination of people, process, technology and internal control change management.
View RSM's webcast for a deep dive into the best practices for effective and efficient remediation of material weaknesses and significant deficiencies in financial reporting.
