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What is Account Reconciliation?

Insight Software

With regular bank account reconciliation, businesses can identify and rectify errors promptly, reducing the risk of financial misstatements and fraud. Bank reconciliation involves reconciling cash accounts using bank statement reconciliations. Reconciliation is also crucial for effective cash management.

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SOX Compliance Guide

Insight Software

While it has been effective in improving corporate governance and transparency, the Sarbanes-Oxley Act has also led to increased compliance costs for companies. A number of SOX Act provisions also apply to privately held companies, such as the willful destruction of evidence to impede a federal investigation.

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FAQs: Preparing for the EU CSRD Directive and ESRS Standards

Insight Software

1 January 1, 2025 Companies, banks, and insurance under NFRD have to report the first set of Sustainability Reporting standards for the financial year 2024. Eliminate the need for multiple tools, systems, and formats, leading to streamlined data management and lower overall costs. Reports due in 2025.

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CFO Panel: Generating Value in a Post-Pandemic Market

Insight Software

Peter van Tiggelen: There’s a lot more scrutiny around cost and the capital deployed on the ROIs of the investments we are making. Now that there’s the realization out there that big banks are cutting people, the realization that all the big tech companies are cutting people, we see a new normal in place.