Complex Accounting and Risk Management

Chess Consulting leverages its financial reporting, accounting, auditing, regulatory compliance, and risk management expertise to help clients interpret and apply relevant standards and regulations to complex accounting and financial reporting matters. We work closely with finance and accounting functions to reduce and mitigate risk, especially in support of major transactions and events including IPOs, mergers and acquisitions, and accounting system set-ups and conversions. In addition, we assist senior management and audit committees with the evaluation and mitigation of potential business process and control risks. We also help clients resolve accounting and financial reporting questions raised by the SEC and other regulatory authorities.

 

Our complex accounting and risk management services include, but are not limited to:

  • Accounting and Financial Reporting Technical Consultation
  • Accounting Restatements
  • Audit Readiness and Accounting Support
  • Enterprise Risk Management
  • Information Technology General Controls
  • Internal Audit – outsource and co-source
  • Interim CFO Services
  • IPO Readiness
  • M&A Support
  • Sarbanes-Oxley (SOX) and Accounting Controls

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Investigations and Forensic Accounting

Chess Consulting assists companies and their legal counsel with internal and government-initiated investigations, as well as forensic accounting-based investigations. Our technical accounting and audit experts bring significant forensic accounting, damage analysis and litigation support experience to find the root cause of issues and bring clarity to complex matters.

Earned Value Management

Earned Value Management (“EVM”) is one of the most constructive tools of the Department of Defense (“DOD”) and the defense industry for allowing the assessment of a program’s cost, schedule, and progress to conduct informed decision-making among stakeholders. A properly implemented EVM System (“EVMS”) provides quantitative and qualitative data that can be used to understand the program objectives, completed scope of work, and program cost to track contract performance. The Defense Contract Management Agency (“DCMA”) will conduct system surveillance beginning at contract award and continuing through the duration of the contract. EVMS surveillance will be conducted at all contractor sites where EVMSs are implemented for contracts valued over $20 million.

Technical Accounting Consultation

Interim Financial Management and Accounting Support