Identifying and Optimizing a Fragmented ASC 718 Process

ASC 718 financial reporting processes can be deceiving: having a process that “passes” audit each year does not mean risk is being appropriately managed.

This Issue Brief proposes a framework through which senior finance and accounting professionals can analyze ASC 718 financial reporting risk. By decomposing risk into five categories, specific risk drivers can be more readily identified. Then, the end-to-end process can be examined from the perspective of how well it addresses those risk drivers and the extent to which its execution is automated and repeatable.



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