Ensuring financial integrity
CFO’s organizations often wrestle with accounting reconciliation challenges emanating from rising transaction volumes, increased business complexities, multiple systems, and the need for timely transaction processing.
Effective management of account reconciliation activities greatly enhances the CFO’s ability to proactively identify and resolve issues that could result in misstatements in financial accounting and reporting that lead to substantial losses and/or regulatory lapses.
Solutions from StraitsBridge
StraitsBridge can help CFOs and their organizations achieve increased assurance over their general ledger balances.
To achieve this, we create and put in place appropriate reconciliation and information management processes and policies, and improve organization, training, and automation.
Key areas of delivery
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Call us on: +65 6408 0501
Risks of inadequate controls
Robust financial and accounting controls are critical in fairly presenting an institution’s operating results and risk profile.
Weaknesses in these controls can contribute to inaccurate or incomplete financial reporting and potentially result in legal fees/fines, significant reputational damage and a loss of business.
Some of the most notable accounting missteps by corporations have resulted in legal penalties, fines, prison terms, and the downsizing and/or dissolution of the entity.