The Challenge: Ensuring Accountability for a Large-Scale Capital Project
Building a new manufacturing facility is a significant undertaking, especially when it involves a hefty $750 million investment. We were challenged with ensuring that the company receive a fair value for its investment, while upholding the highest standards of financial accountability.
The Solution: A Rigorous Construction Project Controls and Audit Approach
We played a crucial role in safeguarding the company’s interests during the construction of a new manufacturing facility in Devens, MA. This involved partnering with their global engineering associates to undertake:
- Comprehensive construction and financial project control reviews
- Identify and solve for control weaknesses
- Enhance project controls and processes
- Prepare appropriate documentation for quarterly internal audit reviews of controls related to procurement, subcontractor payments, material receiving, and insurance
In addition, we designed and tested Sarbanes-Oxley controls and reported findings for remediation and conducted investigative reviews that uncovered inconsistencies, reported indicated actions, and proposed recommendations.
Our Consultants…
- Conducted Investigative Reviews and Proposed Remediation
- Streamlined Construction Controls and Processes
- Developed Approach for Internal Audit Review
- Designed and Tested SOX controls
