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CFO Insights — Financial statements: Framing your judgment calls

Published on: May 22, 2014

CFOs and their teams continually strive to achieve zero material defects in their financial statements.

Backed by effective internal controls, the knowledge of the senior officers in their accounting teams, and input from external advisors, they work diligently to avoid last-minute adjustments. Still, their efforts are not foolproof.

This issue of CFO Insights examines why companies might consider implementing a formal framework to support accounting and financial reporting judgments, and discusses why they could benefit from a more disciplined approach.


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