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Audit services for the manufacturing industry
The manufacturing industry has unique accounting and financial reporting needs. Comprehensive technical financial reporting needs to take into consideration lengthy supply chains, demand fluctuations, cost structures and more. Combining our deep experience and understanding of the manufacturing industry, we can help clients address their critical business issues.
Manufacturing companies benefit from our audit experience in areas such as:
- Inventory valuation and management
- Complex debt and equity transactions
- Derivatives (hedging)
- Cost accounting systems
- Inventory optimization
- Incentive compensation arrangements
- Lease accounting
- Lean manufacturing
- Process improvements
- Vendor incentives
Complying with ASC 842 may require more time than you think. We break down key questions companies need to consider.
Two executives discuss their experiences implementing ASC 606 and draw the same conclusion: It takes more time than you expect.