The CORRA Process Is Thorough, Well-planned and Comprehensive

CORRA results in a full due diligence evaluation of the company on behalf of its Board or Senior Management team. Each evaluation is customized to fit the unique needs and requirements of the company being assessed. Concerns and exposures identified during the assessment process will be discussed with the Board and/or the company’s Management as agreed prior to the start of the CORRA, and areas for further review will be identified. Where desired, evaluation of only one or a few key business units may also be conducted on behalf of Management or the Board.

CORRA is conducted in phases. Interim Reports are provided to the Board and Management periodically during the process including an immediate notification of the Board and Management of any material risks or exposures that may be identified as the CORRA proceeds.




 


The CORRA process has eight steps:

1.

Board or Management Approval / Project Initiation


2.

Initial Review of Company Operations

 

3.

Work-plan Development

 

4.

Board or Management Approval of Work-plan and any Company Support Required

 

5.

Extensive Interviewing and Document Review

 

6.

Development of Conclusions and Recommendations

 

7.

Presentation of the CORRA Report to Management for Comment

 

8. Final Report to Board Including Management Comments and Recommended Follow-up