A leading supplier of outsourced semiconductor interconnect services, needed assistance with the remodeling of its subsidiary financial reporting structure of over 20 subsidiaries for SEC reporting purposes. The client also needed assistance with the preparation of financial statements for each of the subsidiaries. Relevante’s professionals examined the current reporting structure for the subsidiaries and proposed an alternative structure for the parent company and the subsidiaries keeping in mind the SEC reporting provisions.

 

Relevante’s professionals also developed spreadsheets to produce income statements, balance sheets and cash flow statement for 3 years to reflect the changed reporting structure. The financial statements were populated and tested to the satisfaction of the client.

 

Our professionals ensured that the client had the integrated financial statements in order to prepare the required footnote for the current year 10-K and for future filings.