Due Diligence Case Study

Due Diligence for a Company’s Personnel, Processes, & Systems

The client acquired a subsidiary and needed the new personnel, processes, and ERP systems reviewed.

Smith Schafer Approach

Smith Schafer reviewed the goals and concerns with two sets of management and corporate executives. We started by interviewing the finance staff and reviewing their respective accounting procedures and ERP systems to identify areas with improvement opportunities. Our experts identified areas in each company that were not in-sync with the other, creating extra time to close the monthly financial records, reporting inefficiencies, and additional hours worked.


    The investigative process, combined with industry best practices, allowed Smith Schafer to provide a comprehensive recommendation report to the Board of Directors. Recommendations included a thorough review of the finance staff, their strengths and weaknesses, and suggestions to improve their accounting procedures to ensure compliance with GAAP. Our review also included recommendations for ERP enhancement providing increased management reporting, reduce month-end close times, and increase the financial statements’ accuracy.

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