Case Study
Audit Preparation
Distribution
INDUSTRY
2,500
EMPLOYEES
$350M
ANNUAL REVENUE
Background
Our client acquired 11 business units over a 24 month period. These business units operate on 7 different general ledger systems.
Objective
- Prepare analysis & client position memo on changes of acquired inventory and goodwill.
- Prepare client position memo on changes in goodwill and acquired assets & liabilities.
Solution
- Successful resolution and RSM agreement of changes to acquired inventory valuation.
Pushback to OBS of $4M losses on inventory avoiding EBITDA impact. Analyses further supported Rep and Warranty claim for $4M.
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Audit Preparation
Audit Preparation & Reconciliations
