Читать книгу Wiley GAAP: Financial Statement Disclosure Manual - Joanne M. Flood - Страница 76

The SEC offers suggestions for avoiding errors when preparing the statement of cash flow. While these suggestions apply to the statement of cash flows, they are equally valid when preparing other financial statement statements.

Information

 How are you collecting the financial data necessary to prepare the statement?

 What processes are in place to ensure this information is complete and accurate, especially to the extent new or nonrecurring transactions have occurred?

 Are there manual processes that are ad hoc that could be standardized or automated?

People

 Do those individuals preparing the statement of cash flows understand the principles in ASC 230?

 Are there ways you can provide them with better training to perform their job?

 Do those individuals reviewing the statement of cash flows have enough expertise to identify and prevent misstatements in their review process?

Timing

 Are there ways to prepare and review the statement of cash flows earlier in the financial statement closing process?(Source: https://www.sec.gov/news/speech/2014-spch120814tkc)