Issue
A global provider of business consulting services was left in a bind when its incumbent Big 4 service provider withdrew due to an independence issue. With critical audit deadlines looming, the client urgently needed valuation, technical accounting, and tax provision support on short notice.
Solution
CBIZ stepped in quickly, assembling a cross-functional team to handle all valuation, technical accounting, and tax needs. CBIZ performed goodwill impairment testing (ASC 350), stock compensation expense valuations (ASC 718), and earnout remeasurements (ASC 820). CBIZ also provided technical accounting support related to the equity incentive plan and prepared the ASC 740 tax provision. By coordinating across service lines, CBIZ maintained consistent communication, met aggressive timelines, and ensured every deliverable aligned with audit requirements.
Outcome
Our rapid response and quality results allowed the client to meet all audit deadlines. Both the client and their auditor praised the accuracy, efficiency, and professionalism of our work.
Get Expert Valuations—Fast
When deadlines are tight, you need a partner who can deliver accurate and insightful valuations without slowing your process. CBIZ brings deep expertise in fair value measurements, technical accounting, and tax services that are coordinated seamlessly to keep your audit and reporting on track.
| Company Information | |
|---|---|
| Industry | IT Consulting & Outsourcing (Business Consulting Services) |
| Entity Type | LLC |
| Ownership Structure | Private Equity-Backed |
| Geographic Footprint | Global |
| Number of Employees | 3,000 |
| Annual Revenue | $50M – $100M |
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“CBIZ” is the brand name under which CBIZ CPAs P.C. and CBIZ, Inc. and its subsidiaries, including CBIZ Advisors, LLC, provide professional services. CBIZ CPAs P.C. and CBIZ, Inc. (and its subsidiaries) practice as an alternative practice structure in accordance with the AICPA Code of Professional Conduct and applicable law, regulations, and professional standards. CBIZ CPAs P.C. is a licensed independent CPA firm that provides attest services to its clients. CBIZ, Inc. and its subsidiary entities provide tax, advisory, and consulting services to their clients. CBIZ, Inc. and its subsidiary entities are not licensed CPA firms and, therefore, cannot provide attest services.