alt Hacker NewsWhen people think of automation I'm assuming their thinking of the financial statements (balance sheet, income, cash flows, equity).
Reporting also contains narrative explanations by management of: the company's financial health, updates on any new or existing market risks and the company's strategy to deal with them, any changes to controls or accounting procedures, updates on any new or existing litigation, and more.
These reports need to be certified for truth by the CEO, CFO, and relevant officers under penalty of 10+ years in jail and millions of dollars in fines personally.
It's also common to do a press release, earnings call, and investor presentation but those aren't required.
I meant just closing the financial records, not coming up with the shareholder marketing. It can take a month just to find out if you "made" the quarter or not, mostly because accounting and finance is combing through every line item to see if they can recategorize it in a way that makes the numbers look better but doesn't result in them going to jail
In what should be a very black and white line of work there is a ton of judgement and negotiation involved