The effects of COVID-19 will be experienced across the whole accounting cycle and not only by the Budget.
- Increased pressure on year-end processes due to time lost during the lockdown.
- Possibility of changes to timeframes for submission of AFS and Annual Reports.
- Failure to execute AFS Plans due to lockdown down-time as well as changes to submission deadlines.
- Possibility of a large number of outstanding transactions at year-end that will create cut-off issues.
RCA RESPONSE SOLUTIONS
- Detailed AFS Preparation and Submission Plan that effectively utilises available resources.
- Support to CFO’s Offices on AFS preparation and audit files.
- Assistance with cut-off procedures and all reconciliations.
- Support during the audit
- Detailed AFS and Performance Information review
- Annual Report review