Introduction
For project-driven, design-led organizations operating across borders, financial discipline is not optional. It is foundational.
This case study outlines how a multidisciplinary architectural acoustics company operating across Qatar, the Middle East, and India strengthened its financial governance, internal controls, and statutory compliance framework with structured financial advisory transaction services delivered by APCALLP.
The engagement focused not only on fixing accounting gaps but on building a sustainable, review-led financial operating model that supports growth, compliance, and informed decision-making.
Executive Summary
What was the challenge?
The client faced weak accounting controls, unreconciled receivables and payables, limited cash flow visibility, inadequate payroll verification, inventory inefficiencies, and fragmented statutory compliance processes, increasing financial and regulatory risk.
What service did APCALLP provide?
APCALLP delivered end-to-end financial advisory transaction services including accounting review, internal control strengthening, transactional due diligence, statutory compliance verification, payroll and inventory assessment, and implementation of a structured reporting framework.
What was the result?
The client achieved accurate books of accounts, improved cash flow visibility, strengthened internal controls, enhanced statutory compliance, and a sustainable financial monitoring mechanism.
Client Overview
Business Type: Architectural Acoustics and Integrated Acoustic Solutions Provider
Geography: Headquartered in Qatar with operations across the Middle East and India
Industry: Architectural Acoustics and Building Solutions
Nature of Operations:
Design, manufacture, supply, and installation of acoustic panels, doors, ceilings, and integrated acoustic systems
Problem Summary:
Fragmented accounting reviews, weak financial visibility, operational inefficiencies, and disjointed statutory compliance management.
The Challenge
The client’s finance function had grown organically alongside operations but lacked structured oversight.
Key challenges included:
- Accounting records not subjected to periodic internal review, resulting in posting and classification errors
- Unreconciled debtor and creditor balances, limiting clarity on receivables and working capital
- Limited cash flow forecasting and visibility
- Payroll processing without structured verification controls
- Inefficient inventory and work-in-progress monitoring
- Statutory compliances such as GST, TDS, EPF, ESI, and Professional Tax managed independently
- Inadequate accounting data backup and control procedures
These issues increased regulatory exposure and restricted management’s ability to make informed operational and financial decisions.
Our Approach
APCALLP approached the engagement as a financial transaction advisory and due diligence exercise, not a routine accounting cleanup.
The objective was to strengthen controls, enhance financial transparency, and align accounting and compliance processes with best practices in corporate finance transaction support services.
The engagement combined diagnostic review, corrective implementation, and governance structuring to ensure long-term financial discipline.
Read More: Due Diligence Assistance Services
Key Strategies Implemented
1. Detailed Review and Rectification of Books of Accounts
A line-by-line review of accounting records was undertaken to identify posting errors, incorrect classifications, and balance mismatches. Corrections were implemented to ensure accurate financial statements and reliable reporting.
2. Debtor and Creditor Reconciliation
Receivables and payables were reconciled against underlying documentation. Variances were resolved, aging was validated, and visibility into cash inflows and outflows was significantly improved.
3. Payroll and Employee Cost Verification
Payroll records were cross-verified with accounting entries to ensure correct salary accounting, statutory deductions, and payment accuracy. Control gaps in payroll processing were identified and addressed.
4. Review of Employee Advances and Expense Claims
Employee advances and reimbursements were reviewed for documentation, authorization, and appropriate accounting treatment, reducing leakage and improving audit readiness.
5. Statutory Compliance Review
APCALLP conducted a comprehensive review of statutory obligations including GST reconciliations, HSN classifications, TDS deductions and filings, EPF, ESI, and Professional Tax compliance. Discrepancies were rectified and compliance timelines streamlined.
6. Inventory and Work-in-Progress Assessment
Physical inventory verification was conducted, moving and non-moving stock was analyzed, and WIP reporting was reviewed to strengthen cost control and operational planning.
7. Implementation of Structured Review and Reporting Mechanism
A periodic review framework was established with defined timelines, control checkpoints, and actionable reporting, enabling proactive financial oversight and management accountability.
APCALLP Role and strategic financial advisory transaction services
APCALLP acted as a strategic financial advisory transaction services partner, bridging accounting accuracy, operational insight, and statutory compliance.
Our role included:
- Conducting transactional due diligence across accounting, payroll, inventory, and compliance
- Strengthening internal financial controls aligned with business operations
- Providing valuation insights and contextual guidance where required
- Ensuring statutory compliance readiness across jurisdictions
- Designing a sustainable reporting and monitoring framework
This advisory-led approach ensured improvements were durable, scalable, and aligned with the client’s regional growth plans.
Outcome and Impact
- Accurate and reliable books of accounts
- Improved visibility into cash flows, receivables, and payables
- Strengthened payroll, inventory, and WIP controls
- Reduced statutory compliance risks
- Established a sustainable financial review and reporting framework
- Improved management confidence in financial data for decision-making
Conclusion
This engagement demonstrates how structured financial advisory transaction services, combined with transactional due diligence and compliance expertise, can transform fragmented finance functions into disciplined, insight-driven operations.
By strengthening controls, improving visibility, and aligning compliance processes, the client positioned itself for scalable growth, reduced regulatory exposure, and improved financial governance across its regional footprint.
Frequently Asked Questions
- What are financial advisory transaction services?
They involve advisory support across accounting, compliance, due diligence, valuation, and transaction-related financial decision-making. - How does transactional due diligence help businesses?
It identifies financial, compliance, and operational risks before they escalate, enabling informed decisions and corrective action. - Why is statutory compliance critical for project-based companies?
Non-compliance can result in penalties, audit issues, and operational disruptions, especially in multi-jurisdictional setups. - What is the role of valuation in financial advisory services?
Valuation helps assess asset worth, investment decisions, and financial positioning during transactions or restructuring. - What does valuation mean in a business context?
Valuation refers to determining the economic value of a business, asset, or investment using accepted valuation methods. - How does inventory review improve financial control?
It prevents capital blockage, identifies inefficiencies, and improves cost planning and profitability. - Why is payroll verification important?
Payroll errors impact compliance, employee trust, and financial accuracy. - What are corporate finance transaction support services?
They support businesses through financial structuring, due diligence, compliance, and reporting during growth or restructuring phases. - How often should internal financial reviews be conducted?
Ideally, on a monthly or quarterly basis, depending on scale and complexity. - When should a company engage a financial advisory firm?
When financial visibility is limited, compliance risks increase, or operational complexity grows beyond internal capacity.