Audit engagement
Intercompany elimination review
Focused testing of elimination entries, unrealised profit, and reciprocal balances before the consolidation worksheet is locked.
Who it is for
Controllers who already prepare the consolidation pack but want an independent review of eliminations when a full group audit is not scheduled that period.
What we examine
Reciprocal receivable and payable balances, sales and cost eliminations, unrealised profit in ending inventory, and timing differences around month-end or year-end cutoff. We compare entity-level ledgers to the elimination schedule and flag unsupported plugs.
Duration
Most reviews run five to ten business days after complete schedules are received.
Fee basis
Fixed fee quoted after we see the number of intercompany pairs and the complexity of inventory profit eliminations.