The scoreboard, honestly: the hard targets, how often each one is actually looked at,
and the quiet human signals that never make it onto a dashboard.
Audit Opinion & Findings
The quality of our annual external audit opinion and the number/severity of audit findings.
Target · Unqualified (clean) audit opinion with zero material weaknesses and zero significant deficiencies.Achieving a clean audit opinion for the past three years, with the external auditors noting only minor, easily remediated control observations, rather than significant deficiencies.
Month-End Close Cycle Time
The number of business days it takes to complete the month-end close process, from period end to final financial statement review.
Target · Reduce close cycle time by 1-2 days year-over-year, aiming for WD+3 (Working Day + 3) for monthly close.Successfully moving from a WD+5 to a WD+3 close by implementing new automation and streamlining intercompany reconciliations, saving the business two days of waiting for final numbers.
Internal Control Effectiveness
The robustness and effectiveness of our internal controls over financial reporting (ICFR), as assessed by Internal Audit and external auditors.
Target · Maintain a 'highly effective' rating from Internal Audit; zero control deficiencies identified by external auditors.After a new system implementation, you ensured all new processes had robust controls embedded, leading to zero control failures in the subsequent audit cycle, despite the increased complexity.
Accounting Policy Implementation Success
The timely and accurate implementation of new accounting standards (e.g., IFRS 16, IFRS 15) across the organisation.
Target · 100% compliance with new accounting standards by their effective date, with no restatements or material adjustments required post-implementation.Successfully led the implementation of IFRS 16 (Leases), including system changes, policy documentation, and training across the business, ensuring full compliance by the deadline without any hiccups.
Audit Fee Optimisation
The cost of external audit services relative to prior periods and industry benchmarks.
Target · Reduce external audit fees by 5-10% year-over-year through improved efficiency and preparedness.By significantly improving the quality of PBC (Provided By Client) schedules and proactively addressing auditor queries, you negotiated a 7% reduction in audit fees for the current year.
Board & Executive Confidence
The level of trust and confidence the Board Audit Committee and C-Suite have in the financial reporting process and the numbers presented.
- Regularly invited to present financial results and policy updates to the Board
- C-Suite proactively seeks your input on complex transactions
- minimal follow-up questions from Board members after presentations, indicating clarity and completeness.
Team Leadership & Development
Your ability to build, mentor, and retain a high-performing accounting team, fostering a culture of excellence and continuous improvement.
- High employee engagement scores within your department
- clear succession plans for key roles
- successful development and promotion of managers within your team
- positive feedback from direct reports during performance reviews.
Strategic Influence
Your ability to proactively advise on the accounting implications of strategic business decisions (e.g., M&A, new product launches) before they become problems.
- Regularly consulted by business unit leaders and M&A teams early in the deal process
- your technical accounting memos are accepted without major challenge
- you often identify potential accounting pitfalls that others missed, saving the company time and money.
Process Innovation & Efficiency
Your drive to continuously improve accounting processes and systems, leveraging technology to enhance accuracy and reduce manual effort.
- Successful implementation of new close management software or ERP modules
- demonstrable reduction in manual journal entries or reconciliations
- positive feedback from your team about streamlined workflows and reduced administrative burden.