Workflow Templates: Quarterly Financial Reporting Checklist

Compile balance sheet, income statement, statement of cash flows, and equity statement

Reconcile all accounts, ensuring accuracy of balances

Review financial statements for compliance with GAAP or applicable financial reporting standards

Prepare and review footnotes for all relevant accounting policies and disclosures

Ensure completeness of disclosures related to any subsequent events or contingencies

Review legal counsel correspondence to identify any potential disclosure requirements

Analyze and document significant variances and trends in the financial statements

Draft MD&A section that discusses liquidity, capital resources, and results of operations

Obtain management's review and approval of MD&A content

Perform a review of internal controls over financial reporting

Ensure all compliance checks are completed and documented

Review any changes in internal controls and assess their impact on financial reporting

Coordinate with auditors to ensure timely completion of quarterly reviews

Prepare all requested schedules and reconciliations for auditor review

Address and resolve any auditor inquiries or findings

Verify all filing deadlines for the SEC and other regulatory bodies

Assemble and review all documents required for the 10-Q filing

Ensure timely submission of financial reports to the appropriate regulatory agencies

Quarterly Financial Reporting Checklist