Secondment case study: audit readiness for a pharmaceutical company

Client background

The local finance team of our client, a global pharmaceutical company, was fully utilised undertaking business as usual and key project work. They became concerned that they would struggle to meet agreed completion dates to facilitate the timely delivery of the groups statutory audit.  

The challenge

The client approached us seeking our assistance to provide an immediate solution to undertake statutory audit preparation work. The work was normally undertaken by the local finance team but they were struggling to dedicate the necessary time to ensure the statutory audit could be conducted in line with the preferred timeline. 

Our solution

• Assessment: we swiftly assessed the client’s needs and understood the urgency.
• Sector experience: we provided an interim finance professional with relevant audit and sector experience.
• Accurate reporting: the interim professional produced timely and accurate financial information to accommodate the statutory audit.
• Building capacity: by back filling roles, RSM’s solution allowed the client to prioritise key projects while also satisfying their obligations to external parties.
   

Results

The client achieved the desired outcome:

• Audit readiness: the client and statutory auditor both delivered the agreed outcomes within the specified timelines.  
• Business objectives: the client also successfully delivered its internal project and effectively continued to operate business as usual.
• Client feedback: seeing the value of hiring external resources, who bring a deep understanding of the audit process, have asked RSM to undertake this work on an annual basis.  

Key takeaway

Our tailored interim resources can help your organisation overcome unforeseen and urgent challenges. Whether it’s finance, tax consulting, or specialised support, we’re here to assist. Contact us today for effective, tailored solutions.