Machine building and machine tool industries are currently the main industries requiring solutions to complex issues of import substitution and production development. At the same time, production chains connect machine building and shipbuilding companies with a huge number of companies in allied industries.
In connection with the above, many of our clients have objectives on their agenda associated with the development of their own production and various corporate events that require assistance of expert consultants. Our specialists make special effort to stay abreast of all major events in these industries and always have a 100% success rate when assisting our clients with problem solving.
We will be glad to offer our services in the sphere of audit, valuation, cost and tax consulting to all enterprises that set for themselves ambitious objectives in achieving their goals.
Sarbanes-Oxley compliance consulting
Baker Tilly Russia specialists took part in a project related to providing a package of consulting services and performing testing of the internal control system in accordance with the Sarbanes-Oxley law requirements for one of the leading manufacturers of tires for agricultural and industrial machinery. In order to comply with requirements of the law, our client had to solve a number of issues. In particular, the client had to eliminate inefficient procedures utilized within the framework of closing a reporting period and compiling financial statements, tune up the internal audit department's performance, make up for potential lack of employees' knowledge in the sphere of preparing US GAAP financial statements, as well as introduce efficient fraud prevention programs.
Our client-tailored approach to problem solving enabled the company to implement an efficient internal control system on the level of individual business processes and company as a whole. In addition, as a result of our collaboration the company was successful in tuning up and maintaining an efficient process for identification of risks related to financial statements preparation, performance of certain control procedures and their efficiency evaluation, as well as timely elimination of identified drawbacks and results documenting.
Risk comes from not knowing what you’re doing.
Remember There’s No Such Thing As An Unrealistic Goal – Just Unrealistic Time Frames.
If you keep your eye on the profit, you’re going to skimp on the product. But if you focus on making really great products, then the profits will follow.