Maintaining Audit Readiness in a Virtual World
Jul 15, 2020 | By John Siegel
With the impact of COVID-19 and a huge chunk of the workforce working from home, finance and accounting departments face some major challenges. Day-to-day work is harder, the monthly close is more of a challenge, and staying audit-ready...that might just feel like wishful thinking.
How do you know what’s been done? Who’s working on what — and when? Where are the bottlenecks? It’s not like you can pop your head into cubicles and offices for an update. And for your team, it’s not just business as usual, minus the pants (aka business uber casual). They may also be working with children at home and need the flexibility to work outside of their ordinary schedules.
Despite all the challenges, staying audit-ready is a big part of the finance and accounting departments’ job. With the right tools and strategies, businesses can stay on track and ready, even while your team works from home. You may even find better ways to get the job done and bring them with you when you come back into the office.
How do you do that? We’re here to help.
Recently, FloQast collaborated with top tax and accounting firm Cohen & Company and the reporting and compliance experts at Workiva to create a whitepaper dedicated to maintaining audit readiness in sub-optimal conditions. In it, we discuss:
- The three biggest challenges teams are facing, and how you can use them as opportunities to improve
- The tools that can keep you connected and collaborative with your work-from-home team
- An audit-ready action checklist to keep you on track
If you want to help your team make the most of this challenging time, grab the free whitepaper 3 Ways to Stay Audit-Ready in a Virtual World.
To learn more about Cohen & Company and see their key takeaways from the webinar, click HERE.
You can check out Workiva’s connected reporting and compliance solutions HERE.