Chris is a Director in the Business Performance Improvement solution of Protiviti’s New York Office. Chris has gained significant experience providing process design, remediation, and transformation consulting services to a variety of public companies and industries. In addition, he has assisted public companies in various stages of their SOX Compliance efforts.
Major Projects
- Oversaw the design and implementation of revenue recognition and AR reserve models and month-end reporting tools for a company adopting ASC606. The resulting reporting tools provided finance with materially adjusted revenue amounts and better visibility into potential write-offs and their AR reserve process. Reserves and unexpected write-offs went from approximately 12-15% of annual revenue to a reserve of ~2%.
- Led the transformation of operations and financial reporting activities for a multinational public company disclosing pervasive material weaknesses in their internal controls over financial reporting. Within one annual reporting cycle remediated all material weaknesses and filed with a clean control's opinion. This required the redesign and transformation of global processes expanding 10 countries – These issues related to Inventory, Revenue, Prepaids, Significant Reserves and Estimates, Reconciliations, and Manual entries.
- Redesigned and ensured the implementation of enhanced policies, procedures and controls for a public company that filed 10K disclosing four significant deficiencies and a Material Weakness in Internal control. Areas requiring redesign were Revenue Recognition, Inventory, Accounting of Shared Services, and Review of Material Contracts. Redesign of control activities resulted in a remediated process, 15% reduction in control activities, and a more efficient process.
- Managed the assessment of the Treasury, Disbursement, and Revenue Recognition processes for a Consumer Services company. Designed process flows and identified relevant risks and controls in each process. Manual processes were identified leading to the implementation of new interfaces reducing period-end procedures and risk of manual errors. Disbursement review identified a process in which customer liability was being misstated and funds inadvertently disbursed leading to recoveries by the company.
- Managed the implementation of year one Sarbanes-Oxley section 404 compliance for global companies across Technology, Media & Communications and Consumer Products industries. Responsible for the oversight of scoping, development of process documentation, design assessment, and operating effectiveness testing for SOX implementation across multiple locations and countries. Worked with local controllers in the remediation of control design and operating effectiveness gaps. Ensured the remediation of control gaps in order to reduce SOX testing exceptions and ensure an effective year 1 implementation.