- A Deloitte poll of over 1,000 C-suite and other executives found that during the past 12 months, 22% had not revised any financial processes, 37.1% had revised one process, and 26.8% had revised more than one process.
- For the next 12 months, 19.9% do not expect to revise any processes, 31.7% expect to revise one process, and 30.3% expect to revise more than one process.
- The most likely driver for financial process revisions in the next 12 months is implementation of new technologies (48%), followed by changes to accounting standards (23.8%), and material weakness or deficiency remediation (6%).