This questionnaire focuses on the financial close process, specifically examining the review and analysis of consolidated financial information and business segment information. It outlines a process description, key risks, expected key controls, and key questions to ask during this process review.
Sample questions include: Who is responsible for completing financial analysis? Who has access to change/update financial analysis? What is the timeframe for completing the financial analysis process? What is the ultimate deadline? Is there a standard format for financial analysis information? What information is analyzed? What is the source of this information?