Real Estate Case Studies at Eide Bailly

Situation
A small public company needs to complete its Section 404 requirements in time to address identified internal control deficiencies and to give external auditors the time needed to complete their attestation.

In order to achieve increased effectiveness and efficiency from implementing the Act's requirements, the company wants to begin with a clear understanding of the objectives and requirements and develop an executable plan.

Solution
As we help companies implement Section 404, we focus on both compliance and internal controls enhancement. To ensure the implementation process goes smoothly, we help our clients define several key factors, including objectives, clear requirements, proper resources and an achievable schedule.

Our professionals are qualified and experienced with Section 404. We use processes and tools that are proven in terms of utility and quality. This process is a structured and comprehensive approach to implementing Section 404, which uses a methodology to develop an achievable time line and provide periodic communication to complete your Section 404 implementation project.

Results
- Meet compliance deadlines.

- Experience work processes that flow more smoothly, and along the way, you may also benefit from strengthening internal controls.

- By implementing Section 404, you will have a great opportunity to enhance the efficiency of your company's financial reporting process.

- By documenting your procedures, your employees will be more aware of the details, allowing them to help your company become more efficient in reducing operating costs, streamlining processes, maintaining correct staffing levels, and developing more informed and effective board of directors and audit committee members.