Case Study: Audit Support
Overview
- Company - $800 million Honda subsidiary
- Hired for a six-week project, have helped with every quarterly close since 3/31/2010
Objective
- Support the accounting department in technical accounting matters
- Facilitate an efficient audit process
Approach
- Learn the business and build relationships with management and auditor
- Apply experiences to facilitate smooth audit
Results
- Considered a trusted advisor by executive management
- Streamlined processes and took point on external audit firm relationship
Value
- Avoided the material weakness the Audit firm was planning to give the company without a CPA on staff
- Displaced a manager/director role with public company technical accounting experience
- Improved the close process