Cornerstone Research was retained to extract, analyze, and standardize thousands of accounts payable transactions.
Cornerstone Research was retained by counsel for an investigation into an entity’s financial statement close and reporting process in response to issues raised by the SEC. We worked closely with counsel and a company subject matter expert to extract and analyze thousands of accounts payable transactions across multiple countries and general ledgers. We systematically standardized this data and assisted counsel and our client with presenting the relevant data in simple waterfall schedules for each relevant reporting period.
The SEC ultimately issued a no-action letter in this matter.