Audit Preparation
VIP SOLUTIONS CASE STUDY
Distribution
INDUSTRY
2,500
EMPLOYEES
$350M
ANNUAL REVENUE
BACKGROUND
Our distribution client sought help preparing analyses and memos for subsequent changes in goodwill for RSM audit.
OBJECTIVES
Prepare analysis & client position memo on changes of acquired inventory and goodwill.
Prepare client position memo on changes in goodwill and acquired assets & liabilities.
SOLUTIONS
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.
