Companies are migrating toward automating their internal control over financial reporting, according to a recent survey by Financial Executives Research Foundation.
In a poll of nearly 200 senior-level executives, more than half of the larger companies in the sample (those with at least 10,000 employees) said they had plans in the near future or on the horizon to invest in automation of their internal control environment. More than half said they would automate at some point in the next year to 18 months, and one-fourth plan to automate in the next six to 12 months. Only one-in-five said they had no plans to automate controls.
