$10M recovered. $20M in risk mitigated. 85% stronger controls.
Most CFOs assume their balance sheet is accurate — until it’s not.
When our team at Ellevate Solutions was brought in by a large Oil & Gas operator, their financials appeared solid on paper. But years of manual reconciliations, outdated ownership, and unchecked roll-forwards had quietly eroded the accuracy of their balance sheet.
Within weeks, it became clear: their numbers didn’t tell the full story.
Even the most experienced finance teams can overlook small reconciliation errors that snowball into multimillion-dollar exposure. During our balance sheet audit, we uncovered:
Millions in idle vendor credits and suspense accounts.
Duplicate liabilities are recorded across departments.
Data gaps between ERP systems and subledgers.
No standardized process to validate balances or ensure accountability.
It wasn’t fraud — it was process neglect.
And it was costing them millions.
To restore accuracy and trust in their financial data, we deployed Ellevate’s Finance Ops Audit Framework — a proven approach that connects people, process, and systems to strengthen financial operations at the root.
Here’s what we did:
✅ Standardized reconciliations across all entities.
✅ Assigned clear ownership for every account and variance.
✅ Automated recurring balance reviews to catch issues early.
The results spoke for themselves:
$10 million in recoverable dollars uncovered.
$20 million in risk exposure mitigated.
85% improvement in financial control strength.
Financial integrity isn’t built on assumptions — it’s built on accountability.
Every month you delay a balance sheet audit, small discrepancies quietly compound in the background, eroding confidence in your numbers.
If your finance team can’t explain every account, every variance, and every adjustment, it’s time for a deeper look.
A proactive audit can protect your organization from:
Costly restatements
Regulatory scrutiny
Missed recovery opportunities
And damaged investor confidence
Don’t wait for a $30 million wake-up call.
Let’s make sure your balance sheet tells the truth — and your leadership can stand behind every number.
👉 Book a Finance Health Check
Discover how Ellevate’s Balance Sheet Audit Framework can help you uncover hidden risk, recover dollars, and strengthen financial control — before it’s too late.