Their team spent two full days on our Taichung plant floor tracing high-value SKUs we had flagged as risky. The findings memo named specific bins and cut-off gaps—not vague “control improvements.” We wished the draft had arrived a day earlier before our board pack freeze, but the substance held up with our external accountant.
Inventory Valuation AuditA mid-size fastener exporter near Taichung needed inventory balances locked before a January lender review. Perpetual records were strong on finished goods but thin on WIP cages.
We scoped a full inventory valuation audit: two observation days, cut-off testing on export containers, and NRV sampling on slow specialty bolts. The findings memo flagged three consignment locations the perpetual file treated as owned stock.
Management adjusted ownership classifications before statements circulated. The lender accepted the packet without a second site visit. The only friction was a compressed draft window against the board pack freeze—something we now schedule explicitly in engagement letters.
Review the valuation audit scope