Business continuity and year-end closure

1. The right closure schedule

A well-constructed closure schedule is a cornerstone of financial stability. Timely scheduling ensures that closings are completed on time and that they enable financial statements to be prepared to make informed decisions. A list of specific tasks and responsibilities not only simplifies the audit process but also ensures that financial data reflect the most accurate and up-to-date information.

2. Cyber security challenges in the digital age

In today's world, cyber security is of paramount importance for organisations of all sizes. Threats targeting vital and sensitive data come from all corners of the world. Vigilance and proactivity are essential to protect IT infrastructure. As an auditor, we encourage you to have an IT security policy in place or obtain an IT security certification to strengthen your defences against cyber threats. As part of our audit work, our colleagues will check your preparedness in terms of IT security, compliance and operations through a questionnaire.

3. Business continuity: mitigating IT risks

For organisations where IT is critical, a business continuity plan is essential. A well-prepared business continuity policy ensures that operations continue smoothly, even in the event of unforeseen events. Our advisory team can help you assess and develop an effective business continuity plan tailored to your specific needs.

We remain committed to helping you navigate the complexities of financial control and information security. If you have any questions or need help with implementing IT policies, strengthening cyber security or developing a business continuity plan, please feel free to contact our consultants. As part of our audit, we will need to verify the existence of these policies and procedures, failing which we will alert management to potential risks.