Diagnostic Engagement
Financial Reporting Health Check
A focused 1–2 week diagnostic to identify where your financial reporting process breaks down.
Most financial reporting problems are not isolated to a single account or a single process.
They originate somewhere in the chain — in source data, system interfaces, accounting processes, reconciliations, the general ledger, or the controls connecting them — and surface later as discrepancies, delays, or unexplained results.
The Financial Reporting Health Check is designed to examine that chain and identify where the most important weaknesses, risks, and opportunities exist.
Schedule a Confidential ConsultationEngagement Summary
Fixed fee
$3,500 – $5,000
Engagement length
1–2 weeks
Areas reviewed
- Source systems & data quality
- Data flows & interfaces
- Account reconciliations
- Month-end close
- General ledger processes
- Reporting workflows & controls
- Manual dependencies
- Data traceability
What the Health Check Is
The Financial Reporting Health Check is a structured diagnostic engagement — not an audit, not an ongoing advisory relationship, and not a technology implementation.
It is a focused review of the end-to-end financial reporting process, from source systems and data flows through accounting, the close, the general ledger, and final reporting output.
The objective is to identify the most important weaknesses, risks, bottlenecks, manual dependencies, data-quality issues, reconciliation problems, reporting-control gaps, and system or interface issues — and to give you a clear picture of where to focus improvement efforts.
You receive a written assessment of findings, their potential impact on financial reporting, and practical priorities for improvement.
Who It Is For
The Health Check is relevant to any organization that wants a clearer understanding of where financial reporting risks and inefficiencies originate.
Companies with reporting concerns
Organizations dealing with unexplained discrepancies, late closes, recurring adjustments, or results that are difficult to explain or support.
Companies preparing for scrutiny
Organizations anticipating an audit, regulatory review, investor due diligence, or acquisition process that will require them to explain and support reported financial results.
Companies after an acquisition
Organizations that have recently acquired a company and need to understand how the acquired entity's financial information integrates into consolidated reporting.
Companies planning a transformation
Organizations considering a finance transformation, ERP implementation, or process redesign that want to understand the current state before committing to a direction.
What We Review
The Health Check examines the financial reporting process across ten areas.
Source systems and data quality
Where financial data originates, how it is captured, and whether it is complete, accurate, and timely.
Data flows and system interfaces
How data moves between systems, where transformations occur, and where interfaces introduce risk.
Account reconciliations
The completeness, timeliness, and quality of reconciliations across the close and reporting process.
Month-end close process
The structure, timeline, bottlenecks, manual dependencies, and ownership of the close.
General ledger processes
Journal entries, accruals, intercompany accounting, and the controls surrounding GL activity.
Financial reporting workflows
How financial results are assembled, reviewed, approved, and reported.
Reporting controls
The controls in place to validate, review, and support reported financial results.
Manual reporting processes
Spreadsheets, manual adjustments, and other manual steps that introduce risk or inefficiency.
Data traceability and lineage
The ability to trace a reported number back through the processes and systems that produced it.
Priority areas for improvement
A clear view of where the most important risks, inefficiencies, and opportunities exist.
What You Receive
At the conclusion of the engagement, you receive a written assessment that includes:
- A written summary of the most important findings across the financial reporting process
- An assessment of the potential impact of each finding on reporting accuracy, efficiency, control, or traceability
- Practical improvement priorities, organized by significance and urgency
- A clear view of recommended next steps and areas that may warrant deeper investigation
The Health Check is designed to give you a clear, honest picture of where your financial reporting process stands — without committing to a larger engagement before you understand the problem.
How the Engagement Works
Initial conversation
We begin with a confidential conversation to understand your situation, the scope of the review, and what you are most concerned about.
Scoping and agreement
We confirm the scope, timeline, and fixed fee. The engagement is structured to be completed within 1–2 weeks.
Review and assessment
We conduct the review through interviews, process walkthroughs, and document review. We examine the reporting chain from source systems through final output.
Written findings and priorities
We deliver a written assessment of findings, their potential impact, and practical priorities for improvement.
Discussion and next steps
We walk through the findings with you and discuss what, if anything, makes sense to address next.
Fixed Fee
$3,500 – $5,000
The Financial Reporting Health Check is priced at a fixed fee of $3,500 to $5,000, depending on the scope and complexity of the review.
The fixed fee is agreed upon before the engagement begins. There are no hourly billing surprises.
If follow-on advisory work makes sense after the Health Check, that is a separate conversation — the Health Check stands on its own.
Can You Prove That the Number on Your Financial Statement Is Correct?
That question is at the center of our work.
The Financial Reporting Health Check is designed to help you answer it — by identifying where the reporting process is weakest, where risks are highest, and where improvement will have the most impact.
Schedule a Confidential ConsultationLet's Start with a Conversation.
If you're not sure where your financial reporting problems originate — or you want a clearer picture before committing to a larger engagement — the Financial Reporting Health Check is designed for that situation.