“They caught a milestone clause we had been recognising on invoice date for two years. The adjustment stung, but it landed before our auditor issued the first query list.”
Client stories
Evidence from real close seasons
These accounts reference specific engagements—reviews, portfolio passes, cut-off checks, and auditor support—not generic praise.
“The contract portfolio pass flagged three channel agreements where training was buried in the equipment price. We rewrote the template before the next tender season.”
“During fieldwork week they sat with us and rebuilt the deferred revenue bridge the auditors actually wanted. Fewer late-night schedule revisions than last year.”
“The cut-off check around lunar new year shipping was specific: they sampled the last ten days of December and the first week of January, not a generic walkthrough.”
“I appreciated that they refused to rubber-stamp our allocation method. They documented why a residual approach fit our spare-parts line and where it would fail.”
Extended story: exporter year-end reset
A precision components exporter near Taichung asked for a Revenue Recognition Review six weeks before year end. Milestone language in two long-running customer agreements had been recognised on invoice date since the contracts were signed.
We sampled those agreements plus eight modified purchase orders. The findings memo proposed shifting recognition to documented acceptance for the milestone clauses and quantified the period impact so management could brief the board before the statutory auditors arrived.
Document retrieval for older acceptance emails took longer than planned; the memo still landed before the first audit query list. The controller later used the same obligation map for the following year’s interim close.
See what a full review includes
Extended story: lunar new year cut-off
An electronics OEM faced heavy December shipments and January returns around lunar new year. Their Period-End Cut-Off Check focused on the last ten days of December and the first week of January rather than a full-year walkthrough.
The sample tied shipping documents to recognition dates and flagged two consignments recognised before control had transferred under the contract terms. Adjustments were posted before the books locked.
