A large chemical manufacturer required assistance with its Sarbanes Oxley Compliance efforts for all of their subsidiaries. The project required an audit of all inter-company relationships including reconciliation of inter-company accounts capturing trade and service transactions, royalties earned, mark-ups of expense/income, shares expense and loan interest.

Each region of relationships was handled by a different professional and there were 265 reconciliations audited. The Relevante consultant undertook the largest problem reconciliation totaling a variance of $20,000,000. This amount was reduced to $200 by the end of the project.

The Relevante consultant was additionally integral in implementing an internal control structure and in developing processes to monitor the compliance. Weekly reports were given to management to track the efficiency and progress of the project. Conclusively, the control process was automated and enabled the client/consultants to then effectively and efficiently track and review the inter-company relationships and activities.