CHALLENGE

 As a recipient of both federal and state funding, the organization aimed to build a robust audit framework, enhance financial transparency, and improve IT controls to ensure continued funding and data security.

The organization faced significant compliance and audit vulnerabilities that risked funding continuity and operational integrity. The company:

• Needed to ensure regulatory compliance to maintain eligibility for government funding.
• Lacked a formal audit process to identify, monitor, and mitigate risks.
• Faced IT security gaps requiring improved controls to safeguard sensitive healthcare and financial data.

OUR ROLE

ETONIEN was engaged to provide interim financial leadership to strengthen compliance, audit readiness, and internal controls within a managed healthcare environment.

SOLUTIONS

ETONIEN’s Interim Controller was tasked with:

• Establishing a structured internal audit function with defined roles and governance.
• Conducting a comprehensive risk assessment to identify and mitigate key exposures.
• Developing standardized financial process documentation to ensure transparency and consistency.
• Strengthening IT controls and data governance to meet regulatory standards.

OUTCOME

• Built a formal internal audit department, providing independent oversight and accountability.
• Conducted a comprehensive global risk analysis enabling proactive risk management.
• Developed and implemented standardized financial process documentation for consistency and transparency.
• Designed an actionable audit plan and reporting framework to support continuous improvement.
• Enhanced IT governance and compliance controls, ensuring data security and regulatory alignment.
• Passed external audits, securing continued funding and reinforcing stakeholder trust.