Anti-crisis solutions
Prevention and management of crisis situations, minimization of consequences
Anti-crisis solutions or Anti-crisis compliance are a set of measures aimed at minimizing of risks and ensuring compliance with the law during economic crises and unstable conditions. It includes analysis and assessment of risks, development of crisis management strategies, as well as measures to increase transparency and efficiency of compliance functions in an organization. The important components of anti-crisis compliance are an audit of company’s activities, control over financial operations, risk management and compliance with the law.
Goals of anti-crisis solutions:
Identification of risks that may justify invalidation of deals with counterparties or bringing controlling entities to subsidiary liability;
Prevention of company’s future bankruptcy risks.
Stages:
Initial analysis of company’s activities
Examination of provided information to asses bankruptcy risks
Study of counterparties taking into account the principles used by tax authorities and courts to identify potentially problem ones
Assessment of rules and procedure for intra-group financing
Proposition of solutions and actions on elimination or reduction of identified risks
Additional services within anti-crisis solutions:
Inventory
FINCOM group experts will take inventory of the company’s property and check the accounting data. Inventory helps to verify existence of the property listed in the company’s balance, to identify goods and materials that have lost their original properties, to check the conditions of storage of goods and materials, to find surpluses and deficits of property by comparing real existing amounts of items with those stated in accounting data, to assess completeness and correctness of property cost accounting.
Liquidation of companies
FINCOM group experts will take on all stages of liquidation of a legal entity including preparing the required documents (issuing a power of attorney, filing documents with the tax office, receiving the document confirming the liquidation), making the necessary payments, publishing on liquidation, making intermediate and liquidation balance.