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Bridget Walsh and EY에서 제공하는 콘텐츠입니다. 에피소드, 그래픽, 팟캐스트 설명을 포함한 모든 팟캐스트 콘텐츠는 Bridget Walsh and EY 또는 해당 팟캐스트 플랫폼 파트너가 직접 업로드하고 제공합니다. 누군가가 귀하의 허락 없이 귀하의 저작물을 사용하고 있다고 생각되는 경우 여기에 설명된 절차를 따르실 수 있습니다 https://ko.player.fm/legal.
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How to navigate a remote close during COVID-19

28:15
 
공유
 

Manage episode 259769109 series 2659320
Bridget Walsh and EY에서 제공하는 콘텐츠입니다. 에피소드, 그래픽, 팟캐스트 설명을 포함한 모든 팟캐스트 콘텐츠는 Bridget Walsh and EY 또는 해당 팟캐스트 플랫폼 파트너가 직접 업로드하고 제공합니다. 누군가가 귀하의 허락 없이 귀하의 저작물을 사용하고 있다고 생각되는 경우 여기에 설명된 절차를 따르실 수 있습니다 https://ko.player.fm/legal.

Karim Anani, Financial Accounting and Advisory Partner, and Lukas Hoebarth, Strategy & Operations Partner explain how to manage a remote close in today’s volatile financial and regulatory environment.

Visit ey.com to read our latest private equity perspectives.

While there has been a growing trend towards remote (or virtual) close for several years, the need for this capability has not only been accelerated but thrust into an volatile environment. Unforeseen complexity due to macroeconomic uncertainty, regulatory change, remote ways of working, incomplete information, workforce uncertainty and cybersecurity risks threaten vital systems of control that must now pivot to cover the risk mitigation they were designed to provide.

Private Equity CFOs and finance teams are instrumental in connecting the dots throughout the organization and will play a pivotal role as the business partner to the CEO. Analysis of short-term liquidity forecasts, tax implications and business plans will impact investment decisions and expose resource constraints across the private equity portfolio in the weeks and months to come.

In order for CFOs to cultivate successful remote close outcomes, they must focus on:

  • Communication: holding regular meetings and establish expectations for communication
  • Collaboration: establish and maintain healthy ways of remote working
  • Preparation: organize a PMO to map the close calendar, identify exposure and predict/solve for different scenarios
  • Motivation: keeping spirits high and nurture positivity

Five complexities will drive additional focus on the upcoming reporting cycle:

  1. Delays in the close process due to remote ways of working, personal distraction and impact of available (or unavailable) technology
  2. Different/additional analysis will be required to “close the books”
  3. Incomplete information from upstream operational activities and suppliers
  4. Sensitivity of data in a remote working environment brings cybersecurity and potential vulnerabilities into question
  5. The ability to ensure the controls environment is sufficient to ensure accuracy for stakeholder signoff
  continue reading

79 에피소드

Artwork
icon공유
 
Manage episode 259769109 series 2659320
Bridget Walsh and EY에서 제공하는 콘텐츠입니다. 에피소드, 그래픽, 팟캐스트 설명을 포함한 모든 팟캐스트 콘텐츠는 Bridget Walsh and EY 또는 해당 팟캐스트 플랫폼 파트너가 직접 업로드하고 제공합니다. 누군가가 귀하의 허락 없이 귀하의 저작물을 사용하고 있다고 생각되는 경우 여기에 설명된 절차를 따르실 수 있습니다 https://ko.player.fm/legal.

Karim Anani, Financial Accounting and Advisory Partner, and Lukas Hoebarth, Strategy & Operations Partner explain how to manage a remote close in today’s volatile financial and regulatory environment.

Visit ey.com to read our latest private equity perspectives.

While there has been a growing trend towards remote (or virtual) close for several years, the need for this capability has not only been accelerated but thrust into an volatile environment. Unforeseen complexity due to macroeconomic uncertainty, regulatory change, remote ways of working, incomplete information, workforce uncertainty and cybersecurity risks threaten vital systems of control that must now pivot to cover the risk mitigation they were designed to provide.

Private Equity CFOs and finance teams are instrumental in connecting the dots throughout the organization and will play a pivotal role as the business partner to the CEO. Analysis of short-term liquidity forecasts, tax implications and business plans will impact investment decisions and expose resource constraints across the private equity portfolio in the weeks and months to come.

In order for CFOs to cultivate successful remote close outcomes, they must focus on:

  • Communication: holding regular meetings and establish expectations for communication
  • Collaboration: establish and maintain healthy ways of remote working
  • Preparation: organize a PMO to map the close calendar, identify exposure and predict/solve for different scenarios
  • Motivation: keeping spirits high and nurture positivity

Five complexities will drive additional focus on the upcoming reporting cycle:

  1. Delays in the close process due to remote ways of working, personal distraction and impact of available (or unavailable) technology
  2. Different/additional analysis will be required to “close the books”
  3. Incomplete information from upstream operational activities and suppliers
  4. Sensitivity of data in a remote working environment brings cybersecurity and potential vulnerabilities into question
  5. The ability to ensure the controls environment is sufficient to ensure accuracy for stakeholder signoff
  continue reading

79 에피소드

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