a case study

  • scenario:
    • newly appointed FD of a public body taken ill at year end
    • accounting problems and delays had arisen beforehand following the merger of two predecessor organisations
    • pressure was being applied by governance groups and stakeholders
    • staff morale low
  • action:
    • experienced FD appointed as interim to oversee production of statutory financial statements, deal with the audit and lead the finance function until a permanent FD could be restored in the role
  • outcome:
    • accounts sign-off achieved in 70% less time than in previous years
    • tight budget controls enabled organisation to accommodate an 80% reduction in funding
    • stakeholder confidence restored
    • long-standing system requirements successfully completed
    • staff motivation reinstated