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CFO Edge Clients & Projects

 
  CFO Edge chief financial officers have engaged with CEOs and CFOs at public and privately-held companies in a variety of industries to provide assistance with high-level strategic planning, business management, and financial operations. Following are client testimonials, as well of descriptions of additional CFO projects.
 
Client Testimonials
Mark D. Stolper, EVP & CFO, RadNet, Inc.

We engaged with Art Rothberg and CFO Edge on a large volume of acquisition accounting work that needed to be completed in a compressed timeframe. He reviewed our numbers to determine the number of years that needed to be audited and prepared us both for the audit and for required SEC filings.

Revenue recognition was a significant portion of the work at hand, and Art brought deep expertise in addressing complex software and multiple element arrangements accounting rules. His recommendations on a new accounting pronouncement provided helpful flexibility in our reporting.

In addition to working closely with us on the defined project, he trained our staff on how to recognize revenue and do foreign currency accounting so that we now have the needed expertise in-house.

Art worked well with our team, earned their respect and brought real value to the engagement beyond just the defined assignment. I’m very pleased to be able to turn to him as a resource we trust and one who completes engagements in a very short period of time with the highest levels of professionalism and excellence.
Daniel Yomtobian, CEO, Advertise.com

We were looking at a reverse triangular merger with a NASDAQ-listed foreign issuer, and we brought Art Rothberg in to prepare us for a three-year audit. In the process of making our books current and preparing for the audit, he also looked at the opportunity and conducted a business case evaluation.

His discovery and assessment process uncovered significant operational issues that – coupled with a detailed cost/benefit analysis – demonstrated the merger was not in the best interests of our company, and we decided not to move forward with it.

Because we did not complete the public deal, we were not required to do a three-year audit. We retained Art to do the audit for the current year, and we again retained him for the subsequent year's audit. He also has worked with us to recruit and train a Controller, write accounting principles, and implement significant internal controls that we had not had before.

I appreciate a productive and enjoyable working relationship with him, and I hold his financial subject matter expertise in high regard.
Additional Client Projects
Revenue Recognition at a Consulting Company

A large international consulting company encountered problems with revenue recognition that necessitated restatements.

The engagement addressed both improperly accounting for intangibles as well as improperly accounting for affiliates’ foreign operations.

The root cause of the revenue recognition error was determined and corrected.

Policies and procedures were developed to insure correct financial statement preparation as well as to establish foreign currency transaction and translation accounting.
Restatements at a Publicly-Held Utility

A publicly-held utility company faced a multi-year restatement of their financial statements and needed an interim financial resource to assist.

The engagement focused on creating financial models that built the restatements as well as the restatements themselves.

The engagement also included management of the process and participating resources.

Time was of the essence, and the restatement process was successfully completed.
     
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