Reliant Case Studies
FIXED ASSET ACCOUNTING: Global Manufacturer in Energy Industry
Operating environment and the continuous movement of equipment across geographic locations was causing a challenge for Our Client’s balance sheet. Project focused on implementing fixed asset subsidiary ledger in addition to reconciliation | consolidation of disparate ledgers. Implemented fixed assets methodologies and Client has better accountability over inventory.
IT AUDIT: Multi-State Financial Services Company
Review data security and protection across Our Client’s enterprise with specifics to identify areas of risk and follow with corrective action. Project scope focused on data security, privacy, payments and lending. Provided the client with a stronger more streamlined controls process which saved time and money for future compliance costs.
OUTSOURCED INTERNAL AUDIT: Oil & Gas Industry Client
Review internal controls and financial reporting methodologies across Our Client’s international operations and develop an outsourced internal audit function. Provided client with a scalable & robust corporate governance and stronger oversight. In addition, implemented value-add business solutions to enhance client accounting procedures.
ACCOUNTING PROCESS IMPROVEMENT: Upstream Energy Industry
Best practices methodologies were needed in addition to improvement of accounting processes. Project focused on overall compliance to North American, Canada and International operations along with re-engineering accounts payable, establishment of fixed asset accounting process and a chart of account conversion. Consulting provided client with ability to reduce overall costs, consolidating their accounting efforts in centralized operations for accounting.
SOX COMPLIANCE: Dental Equipment Manufacturer
Our Client was disjointed in their approach to the SOX process. Project focused on risk and compliance for two merged entities establishing stronger controls. Implemented methodology and changes to deficient processes creating a more defined path on what to do when changes in the environment occur as well as being better prepared for subsequent year’s compliance.
SOX COMPLIANCE: Technology Solutions for Energy Industry
Review compliance and controls for client in addition to consulting in accounting process improvement. Identified five material weaknesses, which Reliant remediated. Implemented a customized internal audit solution that integrated with and leveraged the Client’s SOX effort. Delivered best practices to create change in accounting processes which resulted in reduced audit costs.
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