Inventory Valuation Audit

Who it is for

Manufacturers, distributors, and importers preparing audited statements, bank covenants, or tax filings in Taiwan

Result you receive

Documented inventory balances with valuation method notes, obsolete-stock findings, and working papers suitable for your external accountant or auditor

What is included

• Scoping call and engagement letter
• Count planning and sampling instructions for floor teams
• Observation of physical inventory counts at agreed sites
• Reconciliation of counts to perpetual records
• Review of costing policy (FIFO, weighted average, or standard cost)
• Net realizable value testing on slow-moving and damaged lots
• Written findings memo and management discussion

Outside this engagement

• Statutory financial statement opinion (unless separately engaged)
• ERP system implementation or software licensing
• Ongoing bookkeeping or inventory clerking

How the work proceeds

1. Scope We map stock locations, cut-off dates, and which ledgers feed your inventory balance.
2. Count plan Instructions for tags, freeze periods, and sample selections go to your warehouse leads.
3. Fieldwork Our team observes counts, tests cut-off, and traces high-value SKUs.
4. Valuation Cost sheets, variances, and NRV adjustments are reviewed against your policy.
5. Report You receive a findings memo, schedules, and a walkthrough with finance leadership.