Just 35% of finance departments are following reporting guidelines to the letter, while the remaining 65% said there was room for improvement, a survey by Softworld discovered.
In light of this, it was not then surprising that only 24% of those surveyed said the recent accounting scandals had impacted on the way they provided information.
Changes in regulations such as Sarbanes-Oxley and the Higgs report had a slightly bigger impact with a third of finance departments saying that these had increased pressure on their methods and speed of financial reporting.
The survey did however reveal a greater integration of software, with 59% of companies saying they now linked their accounting systems with other applications such as sales databases.
Leonard Curtis Business Solutions Group has opened a new office in Glasgow – the first Scottish office for the professional services provider
Harrison Beale & Owen will (HB&O) have a new chairman and managing director at the helm for 2017
Satvir Bungar promoted to managing director in the mergers and acquisitions team
Carolyn Brown appointed as the first head of client legal services practice RSM Legal