Client Profile – Health Care Services

The Need

  • Our Client; a provider of ambulatory surgery and rehabilitative health care services was in the midst of an SEC Fraud investigation and corporate crisis
  • Assistance was needed with a complex financial restatement
  • Engaged by the Client to work with their crisis management firm, external audit, and investigation firms to provide an array of accounting-related services.
  • Client and investigative needs included restatements involving cash, related party transactions, accruals, fixed assets, leases, etc. and Sarbanes-Oxley testing.

The Solution

  • We deployed a combination of Project Directors, Team Leads and Consultants at the Client’s various locations with oversight by an engagement Partner.
  • A blend of experienced CPA’s, Managers, Accountants and Subject Matter Experts included a mix of local and traveling resources to provide our client with the desired skills portfolio and project continuity dictated by the size of this project
  • At the peak of the engagement, our team expanded to unprecedented levels and our management provided coverage 24 hour a day, 7 days a week to meet the Client’s management and advisors needs.

The Results

  • Client management was able to respond quickly to external inquiries, as well as efficiently manage a very large financial restatement and emerge from the investigation and corporate crisis.