Engagement

Intercompany elimination review

Targeted examination of elimination entries and unrealised profit before the group locks its year-end consolidation.

Format
Short assurance engagement on elimination schedules
Typical duration
2–4 weeks
Location
Primarily at the Hong Kong parent finance office
Fee basis
Fixed fee from HK$45,000

When the full consolidation audit is already assigned elsewhere — or when your team wants a clean elimination schedule before auditors arrive — we review intercompany sales, unrealised inventory profits, reciprocal receivables and payables, and upstream / downstream adjustments.

You receive a written findings memo, a marked elimination schedule, and a short call with your consolidation accountant. This is not a substitute for a statutory audit opinion; it is preparatory assurance that reduces late surprises in the group file.

Ready to scope this engagement?

Send your entity list and reporting framework. We prepare a draft engagement letter after a short scoping call.

Request an engagement letter