How We Set Materiality for Mid-Sized Trading Companies
A practical look at how engagement partners choose planning materiality when revenue is volatile and inventory turns quickly.
Audit planning
Materiality
Field notes
Guides from the audit file
Short pieces for controllers and finance directors preparing for fieldwork, written from engagements in northern Japan.
Preparing Bank Confirmations Before Fieldwork Week
Confirmation letters still delay many audits. Here is the checklist we send clients two weeks before year-end procedures.
Confirmations
Fieldwork
Cut-Off Testing Around Fiscal Year-Ends in Japan
March and other common year-ends bring shipping bottlenecks. Cut-off samples need warehouse evidence, not only invoice dates.
Cut-off
Revenue
What Belongs in a Useful Management Letter
Management letters should help boards act, not bury them in generic control language. We share how we rank findings.
Reporting
Controls
Working With Overseas Parent Finance Teams
Japanese subsidiaries often report under local GAAP while parents expect IFRS packs. Aligning timelines avoids duplicate fieldwork.
Group reporting
Subsidiaries