This document provides information about IFG's Finance, Accounting and Risk Solutions practice. It discusses their experience and methodology in areas such as SOX compliance, internal audit, finance transformation, revenue recognition, and accounting advisory services. Their solutions aim to be simple, valuable, effective, and sustainable. Jim Hannan is introduced as the National Practice Director who has over 25 years of experience in areas like SOX implementations, internal audit, and finance transformation. Contact information is also provided.

1. FGIFGII N T E R N A T I O N A L F I N A N C I A L G R O U P
FINANCE ACCOUNTING AND RISK
SOLUTIONS
Jim Hannan,
National Practice
Director

2. FGIFGI IL and WI Practice Meeting
ABOUT IFG FINANCE ACCOUNTING AND RISK SOLUTIONS
IFG experienced consultants and proven methodologies provide high value
consulting solutions for Finance, Accounting and Internal Audit Executives. Our
leading edge solutions, developed over 25 years of practical experience serving
multi-national public companies are guided by 4 key principles:
• SIMPLICITY: Distilling complex problems into simple, clear solutions
• VALUE: Providing high quality at lower cost
• EFFECTIVE: Measurable results that achieve your objectives
• SUSTAINABLE: Collaboration, knowledge transfer and integration into the ongoing
business processes leads to long term sustainable improvements
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FINANCE ACCOUNTING AND RISK SOLUTIONS
IFG resolves complex and costly Finance, Accounting and Control Issues with low cost solutions tailored to your needs

3. FGIFGI IL and WI Practice MeetingFINANCE ACCOUNTING AND RISK SOLUTIONS
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• Turn-key Outsource and Co-Source solutions
• Program Optimization and Advisory
• IPO Solutions
SOX and Internal
Control
• ASC 606 Revenue Recognition
• ASC 842 Leasing
Accounting
Advisory
• Internal Audit Transformation
• Internal Audit Assistance
• High Impact ERM Simplified
Internal Audit
and ERM
• Reduce Total SOX Costs and Audit Fees
Audit Cost
Reduction
• Improve Processes and Controls; Achieve
Clean Fast Close
• Better Planning and Analysis – Drive Results
Finance
Transformation

4. FGIFGI IL and WI Practice Meeting
We can simplify your SOX
compliance while significantly
reducing your risk and cost. Our
leading methodology and tools
have been constantly refined over
the last 15 years. Coupled with
our low cost experienced
professionals, we can deliver
measurable results.
Co-Source and Out-
Source Solutions
Program Optimization Advisory
Higher Effectiveness and Efficiency = Lower Risk and Cost
SOX AND INTERNAL CONTROL
Many companies have not only seen increases in the
cost of SOX compliance, but increased complexity, last
minute surprises and re-work.
Our SOX Program Optimization solution is designed to
re-engineer the program from end to end, resulting in
an improved control set as well as a defined,
consistent, repeatable process that is lower cost, lower
risk and integrated into the financial reporting process.
Our Advisory solutions bring deep
expertise in SOX and internal
controls to assist with any phase of
SOX.
We offer a Free SOX Program
Diagnostic to help identify potential
areas of improvement and cost
savings.
Identify the real
risks
Design the
Right Controls
Audit Ready
Documentation
Training,
Ownership and
Accountability
Leverage
Technology
Clear, well
defined
specifications
SOX Program
Diagnostic
Resolve Complex
Control and
Process Issues
Advisory on All
Phases of SOX
Program
Roadmap and
Management
Complete set of
Tools and
Templates
Meets all
Regulatory
Requirements
Proven end to
end
Methodology
Experienced,
Low Cost
Resources

5. FGIFGI IL and WI Practice Meeting
Internal audit functions are under increasing
pressure to add value. While controls and
compliance remain important, stakeholders are
looking for internal audit to be proactive in
identifying risk areas and providing guidance to
management. They are also asking internal audit to
do it faster and better while leveraging technology.
Our transformation solution will help you drive the
value your stakeholders demand.
Internal Audit Transformation
Internal Audit
Assistance
High Impact ERM
High Impact, Low Cost Solutions
INTERNAL AUDIT AND ERM SOLUTIONS
We can assist with any of your
internal audit needs, from risk
assessment and planning to
conducting audits in specialized or
complex areas where the existing
team may lack the experience. We
can supplement internal resources
during times of peak demand.
An effective ERM processes is
simple and integrated into the
routine decision making
management processes. Our ERM
solution quickly gains consensus on
risks and how to manage them, and
then integrates risk management
into the organization’s ongoing
processes.
Understand
Stakeholders
and Develop
Value Metrics
Communicate
and Build
Relationships
Assess Risk -
Identify Hot
Button Ares and
Plan
Recruit and
Develop Talent
Leverage
Technology
Data Analytics
Risk Assessment
and Audit
Planning
Specialized or
Complex Audits
Experienced,
Low Cost
Resources
Interim CAE
Rapid Risk
Assessment
Establish
Ownership
Link to Business
Strategy,
Planning and
Decision Making
Report and
Reassess

6. FGIFGI IL and WI Practice Meeting
Companies that go public are faced with the challenge of
maintaining the nimble, entrepreneurial culture that made it
successful while establishing the necessary structure and
control necessary to meet the regulatory and stakeholder
demands and avoid costly restatements or material
weaknesses.
Our SOX Preparedness solutions focuses on achieving the
right balance with a lean but effective control structure, ready
to go documentation and experienced, low cost resources.
Sox Preparedness IPO Readiness Evaluation
IPO SOLUTIONS
If you are thinking of going public, we can help assess the
current state of your organization and provide a road map
to achieve IPO readiness.
We evaluate the processes and controls, skills and
capabilities of the people, information systems, policies,
documentation and corporate governance in place, and
provide a practical step by step plan to give you
confidence that the company is ready to go public.
Turn-key SOX
Solutions
"Right Size" for
Start-Up
Companies
JOBS Act
Specialists
Proven End to
End
Methodology
Experienced,
Low Cost
Solutions
Meets
Regulatory and
Audit
Requirements
Processes and
Controls
Skills and
Capabilities
Policies and
Procedures
Information
Systems
Corporate
Governance
Documentation

7. FGIFGI IL and WI Practice Meeting
Many CFOs have seen total audit costs increase over the last 5 years and believe the total cost of audit is too high. If one adds
up the costs of SOX compliance, independent audit fees and finance resources expended in SOX and audit processes, its a big
number. Frustrating as this may be, leading organization have begun to bend the curve by improving internal controls, preparing
for audits and managing the process.
Our comprehensive solution can bring not only significant reductions in your total cost, but also lower the overall risk profile and
help you sleep at night.
Internal Controls and Sox Audit Preparedness Manage the Process
Simplify, Organize and Manage the Process
LOWER AUDIT COSTS
Risk and
Control
Optimization
Eliminate Re-
work and
Redundancies
Audit Ready
Documentation
Training,
Ownership and
Accountability
Leverage
Technology
Clear, well
defined
specifications
Audit Ready
Documentation
Balance Sheet
Review
Technical
Research and
Accounting
Policies
Clean Close
Process
Clarify and
Reduce Risks
No Late
Surprises
Identify and
Resolve
Problem Areas
Project
Management

8. FGIFGI IL and WI Practice Meeting
ASC 606, the new standard for revenue recognition is effective beginning next year (2018) for public companies, and 2019 for
non-pubic companies. Yet, many companies find they are behind in the implementation of this new standard, which could have a
significant and pervasive impact on not only revenue accounting, but also IT systems, business processes, and customer
contracting, not to mention taxes, compensation and internal controls.
Why is this? Assessing the impact and implementing ASC 606 has proven to be more time consuming than time and resource
strapped accounting leaders anticipated.
Building on many years of experience in assisting clients with all aspects of revenue recognition, from getting the accounting
right to building effective, well-controlled and sustainable business processes, we have developed significant expertise with ASC
606 and offer cost-effective solutions to handle any aspect of the implementation.
PHASE I: Assessment PHASE II: Implementation
Assistance with any and all phases
ASC 606 REVENUE RECOGNITION
IMPLEMENTATION
Scope the
Project and
Gather
Information
Identify the
Revenue
Streams
Select Contracts
and Review
Determine
Accounting
Under ASC 606
Assess Impact
to Current
Accounting
Prepare
Technical
Memos
Assess Impact
on IT, Business
and Controls
Develop Cross-
Functional
Team
Develop
Implementation
Roadmap
Implement
Solution
Project
Management
Monitor
Progress,
Resolve
Roadblocks

9. FGIFGI IL and WI Practice Meeting
Does the period-end close take longer than you would like but? Does the accounting team spend time sorting through
spreadsheets, making adjusting, correcting and re-classifying entries? Do your auditors find too many errors? And is your
finance organization unable to provide the business analysis needed to identify profit or cost savings opportunities,
underperforming products or market sectors?
Many Finance and Accounting Leaders would answer yes to many or all of the above. We find that the finance and accounting
processes at many organizations are stuck in the outdated approach of trying to fix all the problems at the back-end. It’s as if a
car builder dumped a bunch of parts onto the assembly line and then told the assembly workers to figure it out; pieces won’t fit
together or will be missing and the end result might be a car that runs but not very well.
Our approach is to build lean, efficient, error-free and predictable processes to enable a finance function that increases the
value of the organization based on the premise that it costs less to build quality in.
Improve Processes and Controls;
Achieve Clean Fast Close
Better Planning and Analysis –
Drive Results
Higher Quality, Faster and at Lower Cost
FINANCE TRANSFORMATION
Fix problems at
the source
Eliminate re-
work and
Unnecessary
Steps
Optimize Use of
Technology
Prioritize and
Organize work
flow
Identify and Fix
Problem Areas
Strengthen
Controls
Understand
Stakeholder's
Needs
Finance
Analytics
Identify Profit
and Cost
Savings
Opportunities
Provide Useful,
Timely
Information
Drive Results
Using
Forecasting
Effective Cost
Management

10. FGIFGI IL and WI Practice MeetingNATIONAL PRACTICE DIRECTOR
• SOX implementations and optimization, including year-one, IPOs and improving
existing programs.
• Leading-edge internal audit co-source and outsource for leading global companies,
• Finance transformation,
• Revenue recognition including ASC 606 assessment and implementation
• Process and control improvement,
• Accounting Advisory
Jim is also well known in the industry for thought leadership and innovation and is a
regular speaker at conferences. Recent speaking engagements include Financial
Executives International (FEI) and Institute of Internal Auditors (IIA).
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Jim Hannan is the National Practice Director for IFG’s Finance,
Accounting and Risk Solutions practice. He has overall
responsibility for developing and executing our methodologies
as well as directing the overall practice. Jim has over 25 years
of experience, including Big 4 external audit, controllership and
risk consulting managing director. Some highlights of Jim’s
experience include:

11. FGI
125 S. Wacker Drive
Suite 300
Chicago, IL 60606
Jim Hannan
JimHannan@ifgpr.com
Office: 1-312-241-1630
Mobile: 1-312-563-0560