Industry: Financial Institutions
Type of Service: Pre-audit, Technical Accounting
Hired by a Bank that had been late in issuing its previous annual report because of delays in dealing with certain accounting issues. Provided advisory services including assisting the Bank to properly account for loan sales and other than temporary impairment, properly analyze potential goodwill impairment, and resolve certain tax accounting matters.
Resolved all issues enabling external auditors to complete their work and sign off on the financial statements in a timely manner.