• The company’s corporate controller was terminated leaving the company’s accounting and administrative functions without a competent lead
• The year-end audit was expected to be difficult. The company required assistance with audit preparedness.
• A newly implemented front-end sales system needed to be integrated with the accounting system.

Solution

• The company’s board appointed ERG as interim corporate controller
• Conducted comprehensive assessment of the company’s administrative and controller functions
• Implemented internal controls and best practices
• Coordinated the integration of the front-end sales and accounting systems
• Met with auditors to address known issues, audit information requirements, responsibility assignments, audit milestones and timelines
• Managed the company’s administrative and finance functions
• Oversaw independent audit of financial statements

Result

ERG successfully led the administration and corporate controller functions and managed the day-to-day operations of the company for a nine-month period including the overseeing of the year-end close and independent audit. Administrative, accounting, and financial reporting functions were streamlined, and the system of internal accounting controls strengthened. Accounting policies and technical accounting processes were formally documented.