A large chemical manufacturer required assistance with its Sarbanes Oxley Compliance efforts for all of their subsidiaries. The project required an inter-company reconciliation audit of all inter-company relationships including accounts such as Trade and Service transactions, Royalty, mark-up Expense/Income, Shares Expense and Loan Interest. The company required assistance of Relevante to implement an internal control structure and to put processes in place to monitor the compliance.

Each region of relationships was handled by a different professional and there were 265 reconciliations to be audited.

Over time the process was automated and enabled consultants to track and compare the data more effectively. Weekly reports were given to management to track our efficiency and progress of the project.