Chemical
PROJECT OBJECTIVE
Overhaul financial reporting and consolidation processes across 10 countries and 21 legal entities in Asia Pacific region to ensure data integrity and compliance with US GAAP and local standards.
Client Challenges
&
Pain Points
- Inconsistent financial reporting across multiple countries and jurisdictions
- Weak internal controls and compliance gaps
- Limited technical accounting expertise at country level
- Manual consolidation processes highly prone to error
Approach
&
How We Helped
- Assessed control environment and identified gaps against internal control standards
- Standardised accounting processes and best practices across all countries
- Provided technical accounting guidance on complex topics (revenue recognition, ASC 740).
- Benchmarked processes internally and externally with best-in-class organisations
Value
Provided
- Robust control environment with zero control deficiencies for 2 consecutive years
- Consistent, high-quality financial reporting across all entities.
- Enhanced country controller team capabilities and competencies
- Reduced audit findings and strengthened corporate governance
