The questions provided in this tool can be used to analyze and enhance the financial close process.
Sample questions include: Who is responsible for completing the financial analysis? Who has access to change/update the financial analysis? What is the period for completing the financial analysis process? What is the ultimate deadline? Is there a standard format for financial analysis information? What information is analyzed? What is the source of this information? Do they reconcile the financial analysis to the consolidated financial statements? What financial analysis documentation is retained? Who is responsible for generating financial statements and disclosures?