May 9, 2011

Working Through Restatements and Reconciliation Issues to Position for Continuous Improvement

By Christopher Wright, Brad Rachmiel and Russ Collins, Protiviti

The Sarbanes-Oxley Act has driven companies to a disciplined approach toward reliable financial reporting. Seamless accounting and transaction processing procedures have been put in place to record and capture information in financial records accurately. However, many companies continue to face challenges from inadequate procedures and lack of sufficient oversight when reporting financial results.