Skip to Main Content
Information Quality Applied: Best Practices for Improving Business Information, Processes and Systems
book

Information Quality Applied: Best Practices for Improving Business Information, Processes and Systems

by Larry P. English
October 2009
Beginner to intermediate content levelBeginner to intermediate
839 pages
29h 16m
English
Wiley
Content preview from Information Quality Applied: Best Practices for Improving Business Information, Processes and Systems
Chapter 12 n IQ Applied to Financial and Risk Management 567
External Financial Reporting Information Quality Issues
Common IQ issues and costs of External Financial Reporting failure:
Table 12-4: Information Quality Issues and Costs in External Financial Reporting
IQ ISSUES COSTS OF POOR INFORMATION QUALITY
Improper currency
translation
Inaccurate Risk calculation and under- or overestimating
cash reserve needs
Improper asset
valuations
Inaccurate Risk calculation and under- or overestimating
cash reserves needs
Counterparty issues Inability to rate the Risk of the total exposure
Errors that result in
restatements
Drop in stock price because of a loss in confidence in pre-
dictable reporting
Regulator-identified
IQ issues
Fines and costs of specialized consultants to make
improvements
How to Measure the Quality of Financial Management
Accounting and Reporting Information
By definition, Budget Planning Information is an estimate. The real measure-
ment of budget “accuracy” is the precision of the estimates and in the tangible
results of the expenditures to accomplish the Mission effectively.
Budget plans change in a dynamic world. Customer Requirements change,
economic conditions change, and new opportunities emerge, requiring budget
changes.
External Financial Reporting Information is not an estimate as Budget
Planning is. External Financial Reporting Information must be accurate and
precise t ...
Become an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
and much more.
Start your free trial

You might also like

Improving Data Warehouse and Business Information Quality: Methods for Reducing Costs and Increasing Profits

Improving Data Warehouse and Business Information Quality: Methods for Reducing Costs and Increasing Profits

Larry P. English
Information Quality

Information Quality

Ron S. Kenett, Galit Shmueli
Business Metadata: Capturing Enterprise Knowledge

Business Metadata: Capturing Enterprise Knowledge

W.H. Inmon, Bonnie O'Neil, Lowell Fryman

Publisher Resources

ISBN: 9780470134474Purchase book