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INTERNATIONAL AUDIT CONSULTING

Case studies

Case Studies

Examples of the challenges we help solve. Each follows the same structure: challenge, approach, solution and outcome.

Cases marked “Sample Case Study” are illustrative examples of typical engagements and do not describe specific clients.

Audit

Sample Case StudyAudit· Manufacturing

Preparing a manufacturing group for its first IFRS audit

Challenge
A manufacturing group with national accounting records needed audited IFRS statements for a prospective lender within a fixed timeframe.
Approach
We assessed differences between national accounting and IFRS, agreed the accounting policies with management and planned the audit around the lender's deadline.
Solution
The finance team prepared the conversion with our methodology, while the audit team tested the opening balances and key judgements in parallel.
Outcome
The group received an audit opinion on its IFRS statements and a documented conversion process for the following years.

Accounting

Sample Case StudyAccounting· Foreign Investors

Outsourced accounting for a newly established foreign subsidiary

Challenge
A foreign company opened a subsidiary in Tashkent without a local finance team and needed reporting in a format its headquarters could consolidate.
Approach
We organised the accounting function from the first month, agreed the reporting calendar with headquarters and mapped the local chart of accounts to the group's reporting package.
Solution
Our team took over full-cycle accounting, payroll and tax filings and delivered a monthly reporting package in English.
Outcome
The subsidiary met its local filing deadlines and headquarters received consistent monthly figures for consolidation.

Tax

Sample Case StudyTax· E-commerce

VAT risk review for an online retailer

Challenge
An online retailer working with several payment providers and delivery partners was unsure whether its VAT calculations reflected all transaction flows.
Approach
We mapped transaction flows end to end and compared the VAT treatment applied with the documents and settlement reports available.
Solution
We identified the flows that needed correction, recommended process changes and prepared supporting documentation.
Outcome
The company corrected its process going forward and gained a documented basis for its VAT position.

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