Isaac Aframian CPA

Providing consulting services to consumer goods companies in the following areas: • Serving as Interim CFO at retail/wholesale companies • Managing ERP implementation and post-implementation projects and recommending necessary changes • Restructuring the accounting departments of companies to achieve optimal and efficient processing

Directed and managed the accounting, finance, tax and treasury functions of six separate legal entities in North and Latin America with a staff of 20 professionals •Member of the Management Team which transformed the company from losses into profitability •Revamped the company’s tax function. Switched sales and use tax compliance from an external provider to in-house, which resulted in savings of $50K/year. Managed all State and local tax (direct and indirect) audits in-house with minimal exposure/liability to the company while reducing consulting fees by $100K/year. Changed the income tax compliance provider resulting in annual savings of $75K. •Coordinated the six separate entities’ legal and insurance matters, including review and improved negotiation of leases, distribution agreements and suppliers contracts •Restructured the US entity’s payment practices to suppliers by extending payment terms for an additional 30 days, which resulted in interest saving of $100K/year •Coordinated all aspects of establishing new legal entities in North (Canada) and Latin America (Panama, Mexico, Brazil), including outsourcing the accounting function in some and incorporating others into the US accounting function, which resulted in annual savings of $50K in accounting fees •Negotiated two commercial leases for office space resulting in annual savings of $150K in rent over 15 years

Led the accounting, finance, tax, and treasury functions with a staff of 10 professionals •Managed the compliance for Federal, State, and local taxes (direct and indirect) effectively and efficiently •Improved internal controls, policies and procedures, as well as established the US GAAP accounting policies • Managed the preparation of monthly, quarterly, and annual consolidated financial statements with analysis of actual vs. budget results and the year-end audit process with external auditors •Established new procedures which reduced the month-end closing process from 14 days to 7 days •Managed legal needs, including accurate review of all material agreements and improved negotiation of contracts and settlements •Managed financial and tax due diligence process in connection with its effective acquisition •Played an instrumental role in the debt restructuring/negotiation with an asset-based lending institution •Negotiated payment settlements with multiple vendors with balances owed in excess of $5 million while experiencing significant cash shortfall, resulting in savings in interest expense of $300K •Served as Project Manager on post-implementation phase of Oracle/PeopleSoft software for accounting which resulted in improved functionality and savings of $250K in consulting fees

A manufacturer and wholesale distributor of parts and accessories for the automotive aftermarket industry Managed the Accounting Department with a staff of five professionals •Assisted Management with the preparation of accurate budgets and forecasts •Managed the treasury function, including banking, asset-based borrowing, and covenant compliance •Initiated an Income Tax Strategy Project which resulted in tax savings of $400K •Played a key role in the implementation of a new accounting system (ROI) •Handled all tax issues, including filing Federal, State, and local tax returns and related provisions •Managed the process of allocating purchase price to assets and liabilities following the acquisition

Managed, planned and supervised audit engagements of privately and publicly held clients with revenues of $100K to $1.5 billion, including coordination of work with multiple participating offices worldwide (international consolidations, foreign currency, etc). Client Industries included consumer products, automotive, software, publishing, media, internet, manufacturing, wholesale and retail, information and business services. Supervised a staff of up to 20 on multiple engagements performed simultaneously •Prepared and presented management letters and internal controls recommendations to Senior Client Management and Audit Committees. Provided technical advice to clients on implementation of new SEC regulations and accounting pronouncements. Performed due diligence reviews in connection with mergers and acquisitions •Reviewed all aspects of SEC reporting including annual (10-K), quarterly (10-Q), and current (8-K/A) reports, as well as registration statements (S-1), initial public offerings (IPO) and private placements. Coordinated offerings with senior client management, underwriters, and legal counsel

A manufacturer and wholesale distributor of linen products