Case Study – Creation of Interim Financial Statements and MD&A

Case Study – Creation of Interim Financial Statements and MD&A

Industry: Financial Institutions
Type of Service: Accounting & Finance Outsourcing

New Jersey community bank (Target) with assets approaching $300 million agreed to be acquired by a larger institution with SEC reporting responsibilities (Acquirer).

Target was tasked with preparing interim financial statements to support the merger approval process and the Acquirer’s Form S-4 registration statement including Management’s Discussion and Analysis, unaudited GAAP basis financial statements and notes.

Target had no prior need for interim financial statements and no experience preparing same.

CFO Consulting Partners worked with Target’s management to gather the supporting documentation and created MD&A and unaudited financial statements and notes from those supporting documents.

CFO Consulting Partners worked with Target’s management, it’s attorneys and independent auditors to successfully meet the Acquirer’s time sensitive SEC reporting deadlines.