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Case Studies

Streamlining Cross-Border Financial Integration of a Canadian Add-On for a Environmental Consulting Firm

Streamlining Cross-Border Financial Integration of a Canadian Add-On for a Environmental Consulting Firm

Situation

A growing environmental consulting platform, acquired a Canadian add-on. It required immediate stabilization of its finance and accounting function. The initial opening balance sheet contained errors. Inter-company activity was inaccurately recorded. Inconsistent foreign currency processes prevented clean consolidation and audit-ready reporting.

MLG was brought in to provide a cross-border financial integration.

Solutions
1

Corrected opening balance sheet issues

for the Canadian entity to ensure an accurate foundation for consolidated reporting.
2

Stablished proper accounting for inter-company and foreign currency transactions

resolving recurring discrepancies between entities.
3

Developed a detailed technical memo

outlining foreign currency accounting principles and tailored guidance for the client’s operational structure.
4

Built a consolidated reporting workbook

including automated foreign currency translation and an integrated consolidation process.
5

Supported monthly close activities

including reconciliations and reporting packages designed to meet audit expectations and strengthen internal controls.
Results

The client gained confidence in cross-border financial integration reporting and consolidation processes. With accurate books, clear documentation, and audit-ready reporting, leadership was able to streamline operations between the U.S. and Canadian entities and move forward with growth initiatives supported by reliable financial information.

Foreign Currency

Cross-Border Reporting & Translation

Inter-company Accounting

Multi-Entity Transaction Accuracy

Acquisition On-boarding and Exit SupportConsulting ServicesFractional AccountingB2B Services
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