Question: Accounting system procedures require some time at the end of each accounting period to check for errors, make adjusting entries, prepare the financial statements, etc.

Accounting system procedures require some time at the end of each accounting period to check for errors, make adjusting entries, prepare the financial statements, etc. In recent years, most companies have been under pressure to speed up this end-of-period process. Discuss the incentives that companies might have to make this a faster process.

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