Case Studies
Core Services - Global Advisory Services

Friday, January 22, 2010

The Challenge:
D+H Group was faced with the challenge of logistics, language, and geographic diversity of a Public Company Audit for a Chilean Mining Subsidiary. The Canadian parent company was required to report the subsidiary on the TSX but had insufficient internal infrastructure to report to regulatory authorities.

• Publicly listed Canadian parent company to issue report on the TSX (Toronto Stock Exchange)
• The company had insufficient internal infrastructure to report to the regulatory authority of the TSX
• While the client understood the quality assurance policy of the TSX, and had the ability to operate its business, the client lacked the resources to practically solve and subsequently submit the required paperwork to the regulatory committees
• The operational Chilean mining subsidiary was a public company which required audit services and planning
• The Spanish-only speaking client also required linguistic assistance and integration

The Solution:
D+H Group took the initiative by commuting to Chile with Spanish speaking professionals, completing a proper audit, and successfully integrating the Chilean Accounting Standards into Canadian Standards. The professionalism displayed by D+H group established a long-term relationship with the client that continues to this day.

• The D+H Group flew a team to Chile to collaborate with the client
• D+H Group displayed mobility of staff and the ability to assimilate into a global multi-cultural community by dispatching Spanish speaking professionals
• The group immediately integrated the Chilean Accounting Standards into Canadian Standards
• An Audit Report was issued and the Canadian-based parent company continues its TSX listing for their Chilean mining subsidiary
• The D+H Group became a long-term strategic alliance to these organizations
• Delivery of services included:
• Needs Assessment
• Implementation Planning
• Tax Planning and Reporting