FloQast, a provider of close management software for accountants, announced the release of Strict Tie-out Mode. The new control prevents sign-off on reconciliations that are not tied out, even if the source data changes after initial sign-off.
Strict Tie-out Mode is the latest addition to FloQast’s internal controls framework, Strict Suite Controls, which helps organizations enforce segregation of duties between preparers and reviewers and manage internal controls overall.
