Financial reporting controls are the processes, systems, and procedures organizations use to ensure accuracy and reliability of their financial information. They encompass everything from ensuring that reported numbers reflect the actual underlying transactions and events, to providing internal oversight and compliance with regulatory requirements. At their core, financial reporting controls are designed to protect the integrity of a company’s financial performance by tracking and verifying information. When done correctly, they provide an accurate picture of a company’s finances so managers can make better decisions and shareholders can have confidence in the data they receive. Done right, strong financial reporting controls can help your organization reach its business goals while staying compliant with industry and government regulations.