PEFR

(redirected from Period-End Financial Reporting)
AcronymDefinition
PEFRPeak Expiratory Flow Rate
PEFRPeriod-End Financial Reporting
PEFRPeak Early Filling Rate (cardiology)
PEFRPort E Function Register
PEFRPerson Eligible for Relief (Maryland)
PEFRProlonged Recording Expiratory Flow Rate
PEFRPick Expiratory Forced Rate (nervous system research)
References in periodicals archive ?
When the period-end financial reporting process occurs at the holding company and the IDI does not comprise substantially all of the consolidated total assets, the IDI's financial reporting process may be sufficient for the auditor to meet the requirement in paragraph .41 of AT section 501, if the necessary GAAP information is prepared by the IDI or the holding company, and the process can be evaluated by the auditor.
Recommendation: To improve period-end financial reporting process controls, the Chairman should reconfigure the property and equipment module to enable production of a property register report.
Recommendation: To improve period-end financial reporting process controls, the Chairman should develop and implement an automated sub-ledger that interfaces with the general ledger for investment and disgorgement and penalty liability transaction activity.
Recommendation: To improve period-end financial reporting process controls, the Chairman should establish and implement procedures for documenting data reliability checks at the enforcement case level for data extracted from non-integrated subsidiary systems to include appropriate supervisory reviews until SEC is able to establish and implement procedures for fully integrating its detailed investment and disgorgement liability activity into its general ledger.
Recommendation: To improve period-end financial reporting process controls, the Chairman should develop and implement an automated solution that will eliminate the manual process of reentering disgorgement and penalties data from Phoenix into the general ledger system accounts receivable module.
Recommendation: To improve period-end financial reporting process controls, the Chairman should, in coordination with the Department of the Interior's (DOI) National Business Center (NBC), establish and implement a cost effective procedure for accurately recording student loan payments and employee awards in the general ledger.
Recommendation: To improve period-end financial reporting process controls, the Chairman should establish and implement procedures to properly record property and equipment receipt transactions using capitalizable project and budget object class codes within the general ledger system.
Recommendation: To improve period-end financial reporting process controls, the Chairman should establish and implement procedures for performing a comprehensive review of all posting configurations and recurring correcting journal entries to identify and address any additional departures from Treasury's prescribed posting models.
Recommendation: As part of SEC's planned corrective measures to improve period-end financial reporting process controls, the Chairman should develop and implement procedures to provide for a review of all transactions resulting in prior period corrections, including filing fee revenue and property and equipment transactions, and to quantify the cumulative effect of known and likely prior period corrections in the current fiscal year.
Given the high degree of risk that misstatements could occur during the period-end financial reporting process, significant attention to this process
is necessary in virtually all audits." (PCAOB Release 2005-023, November 30, 2005) </pre> <p>At most companies, this period-end financial reporting process is known as the "close." It encompasses all accounting processes and journal entries created by the finance team to accurately recognize and report the financial results and position of the company, and it includes the reporting of the statements and disclosures in SEC-required financial statements.
This will require a list of controls designed to: prevent or detect fraud; safeguard assets; monitor period-end financial reporting and processes; explain how transactions are initiated, authorized, recorded, processed and reported; explain the flow of transactions to identify points where material misstatements due to error or fraud might occur; and more.