External pressures on businesses from mergers and acquisitions, organizational change and regulatory compliance are causing fault lines in financial processes that are exposing businesses to potential fraud, mistakes and inefficiencies. According to new research into the financial practices of 300 global organizations, the greater the level of change experienced by companies, the higher the chances of financial error and risk exposure. Independent research commissioned by ACL Services across the UK, North America and Germany surveyed 300 global companies. It found that 52 percent of the companies surveyed had either merged, been acquired or undergone a departmental merger in the past 12 months. Against this backdrop, key findings included:
The ACL survey was undertaken by Loudhouse Research, an independent B2B research consultancy, in July 2007.
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