Case Study Eleven: Audit Expertise for a Regional Water Company

Audit Expertise / Transaction Leadership

Details

A local public water company, with $77 million in revenue and $431 million in assets, acquired property and certain equipment pursuant to an acquisition agreement with a local municipality. Management required an independent consultant to perform steps to ensure certain aspects of the agreement were adhered to and reports provided were reliable.

Engaged by a regional public company water provider’s Chief Financial Officer & Chief Operating Officer to obtain certain documents from a local municipality and verify the accuracy of reports provided through various on-site visits and inspection of key documents.

• Provided due diligence for management regarding documents and reports obtained from a local municipality, allowing management to continue negotiations for executing a purchase transaction
• Provided an independent perspective, which proved helpful in negotiations to both parties in the transaction