Finance & Accounting

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At Resources, we treat every client as unique and provide the specific expertise and specialised skills necessary to help solve problems, implement internal initiatives and drive change. Providing specialised skills and transferring knowledge helps clients leverage their own personnel, providing them with more agility in responding to change and in managing internal projects with tight timelines. Our Big Four heritage has given us a wealth of experience in all areas of financial services, including:

• Financial and SEC reporting
• Implementation of new financial accounting standards
• Budgeting, planning and forecasting
• Financial analysis
• Finance & accounting systems implementations
• Business process optimisation
• Merger and acquisition due diligence
• Post-acquisition integration
• Sarbanes-Oxley compliance
• General accounting and finance assistance
• IPO preparation
• Start-up assistance
• Policy and procedure development and documentation

Sample Engagement — Large-Scale Restatement: Over a 12-month period, we provided more than 50 professionals to assist a large manufacturing client with a multi-year accounting restatement. The project required the review and updating of numerous accounting policies and thousands of journal entries. Our professionals assisted by:

• Performing account reconciliations
• Researching and applying proper technical accounting treatment
• Supporting the financial reporting group
• Developing, documenting and implementing processes for quality assurance related to adjusting journal entries
• Developing data query tools
• Documenting the re-consolidation process
• Conducting internal controls training
• Documenting and testing internal controls as part of Sarbanes compliance
• Acting in interim accounting roles.

Sample Engagement — Stock Option Accounting: We provided more than 20 professionals to assist a software company with a review of their historical stock option accounting. Two of the four project teams assembled to complete the job were led by Resources project managers and had complete responsibility for delivery of services as well as interfacing with both the client’s external auditors and forensic auditors appointed by the Board of Director’s Special Committee. Subsequent to filing its restated Form 10-K, a Fortune 50 company acquired the client, and one of our professionals served as the lead on the finance team integration. Our professionals also assisted by:

• Determining, based on forensic evidence and guidance from the Securities and Exchange Commission (“SEC”), the appropriate measurement date for thousands of stock options grants
• Gathering and analyzing specific equity data through analysis of records from human resources, legal and finance departments as well as other sources
• Identifying, compiling and determining the appropriate technical accounting treatment for various stock option modifications based upon accounting rules in place at the date of modification
• Assisting with the calculation of historical compensation expense charges
• Documenting findings of equity issues in technical white papers
• Preparing SEC and other regulatory filings associated with the restatement
• Performing additional technical research and documentation on non-equity accounting issues identified during the forensic review; and documenting and testing internal controls as part of Sarbanes compliance requirements

Resources Global Professionals is not a certified public accountancy firm.