Challenge
• A two-year old film distribution company had recorded its annual losses for the second time. But since there had been several inflows of money in the second year, the investors and stakeholders suspected some kind of foulplay on the part of the management. After making multiples queries, the investors wanted to take a closer look at the books of the company.
Need
• The investors needed to get an internal audit of the company to look for any unsolicited payouts or signs of foulplay.
Solution
• EPM Consultants was signed on to undertake the firm’s internal audit function and report any and all malpractices on the part of the mangement.
Result
• After completing the audit process, the reports that were sent to the investors were complete eye-openers. Not only did they find the management guilty of misusing their money, but also acted upon several cases of embezzlement. This audit was what drove them to replace the entire management and hire new, reliable partners to run the company. Today it has been three years since the new management was recruited and the company has not just recorded profits, but infact, grown to five times its size.