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Accounting Operations Advisory
Value, accuracy, timeliness, and reliability
The traditional roles of Finance leaders are being disrupted – from ever-growing asks by executive leadership for participation in value-add, strategic business activities to the onslaught of disruptive technologies – resulting in Finance leaders needing to assess the relevance, timeliness, and reliability of their teams. Do organisations have the right strategic partner to help navigate these hurdles while ensuring they can continue to meet the day-to-day demands of their organisation?
Accounting Operations Advisory vision
To be the strategic partner to Finance leaders by leveraging Assurance’s deep expertise in accounting in order to build confidence in the value, accuracy, timeliness and reliability of the Controllership function.
CFOs, VP Finances, Controllers, and other Finance leaders are tasked with governing most, if not all, the following inputs and their respective outputs:
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What is Accounting Operations Advisory?
Services which enable CFOs and their Finance teams to create world class finance functions by assessing and providing insight on the finance organisation (people/talent), strategy, technology and processes. Finance function advisory services include close, consolidate, report, the finance function diagnostic, account reconciliations automation and enablement, budgeting and forecasting (using KPIs and data visualisation), finance systems assessment and loaned staff.
Accounting operations advisory services also assess and facilitate robust internal financial control environments that support finance functions in meeting their financial reporting and regulatory needs. Internal financial controls advisory identifies, develops, and test the policies and procedures within business processes and information technology environments. Internal financial controls services can include one or more of the following: internal financial control remediation and transformation, end-to end internal financial control review, management testing of internal financial controls and third party controls advisory.
Accounting operations advisory services can include one or more of the following:
Flowcharting and procedures manuals
Infrastructure assessment and selection
Accounting operations loan staff
Advisory on succession planning
Finance workshops
Flowcharting and procedures manuals
Assist in developing flowcharts and procedures manuals as tools to enhance the understanding of the flow of information through the entity’s processes and systems, the identification of likely sources of material misstatements in the financial statements and the controls in place to address those potential material misstatements. Flowcharting allows multiple parties to review the same information and understand the flow of information in basic terms from different perspectives within the organisation (process owners, IT owners, management, etc.). It also allows for easier clarification of gaps in controls and risk areas (What Could Go Wrong) that have not been previously identified.
Accounting infrastructure assessment and selection
Advisory services to assess information technology capabilities, assess functional and technical systems requirements, align develop vendor criteria to accelerate the system selection process; provide advice in systems implementation (ERP, budgeting, planning, forecasting, consolidation, etc.)
Accounting operations loan staff
Services to support our clients in addressing both their short and long-term finance talent needs by providing qualified resources to sustain day-to-day activities.
Advisory on succession planning
Succession planning is a process for identifying and developing new leaders who can replace leaders after they leave, retire or pass away. Our advisory services include Board composition assessment, training to key individuals, and assurance on KPI’s and financial information on which the plan is developed.
Finance workshops
Advisory services to facilitate client workshops including resource transitions, operational accounting strategy assessment and development, and audit readiness.
Internal financial control remediation and transformation
Third party controls advisory
Internal financial control remediation and transformation
Advisory services to design a robust control environment that meets financial, operational, regulatory and legal requirements. Services can include review and redesign of controls in a specific business area in response to a control issue, assistance with selection and implementation of enabling IT technology to support the process of controls automation (where manual controls are transformed to automated controls and detective controls are transformed to preventative controls).
Third party controls advisory
Advisory services to help organisations with addressing regulator and marketplace demand to manage third-party risk with readiness and attestation services. Includes the issuance of assurance reports (e.g. ISAE 3402, SSAE 16 (SOC 1), SOC 2) and agreed-upon procedures (AUP) reporting related to internal financial controls.
Key contacts
