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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
With the uptick of SPAC mergers, this Texas truck electrification business recently went public via a SPAC with the help of RSM.
The Anti-Fraud Collaboration recently analyzed SEC enforcement actions regarding financial statement fraud schemes.
A large steelmaking company throughout North American looked to RSM as an advisor and partner with their implementation.
FASB votes to defer the effective dates of leases, CECL and hedging for certain entities and insurance for all entities.
What can automotive manufacturers and suppliers learn from companies that have already implemented the new lease accounting standard?
A white paper about how entities in the industrial products industry may be affected by the new revenue recognition guidance in ASC 606.
Some automotive parts entities have encountered accounting and operational challenges in applying the new revenue recognition standard.
While 2019 may seem far off, planning should begin now in order to ensure an effective and efficient implementation of the new standard.
See more Manufacturing insights