“They flagged our consignment cut-off in week two, which meant we fixed the schedule before the board pack went out — not after. The closing meeting still ran long on lease disclosures, but at least inventory was settled.”Mei-Ling Chen, Controller, electronics distributor · Year-End Statutory Audit
Client stories
Specific notes from statutory audits and special reports — including the friction, not only the praise.
“The management letter repeated one payroll access point from last year. Fair, if a bit blunt — we finally locked the access list before the next busy season.”James Wu, CFO, family manufacturing group · Statutory Audit
“Bank confirmations were chased harder than we expected. Annoying in the moment; useful when the lender asked for the report on time.”Hana Park, Finance Manager · Special Purpose Audit
“Readiness support cleaned our fixed-asset bridge, though we still underestimated how long opening-balance questions take in a first-year audit.”Oliver Tsai, Head of Finance · Pre-Audit Readiness
Case note: distributor year-end, Taipei
A mid-size electronics distributor engaged Apiengage for its second statutory audit after changing auditors. Planning showed three consignment locations without ownership memos. Fieldwork sampled shipping documents across the final ten days of the period and found two days of shipments still sitting in inventory.
Management rebuilt the bridge schedule before the draft report. The management letter kept a medium finding on consignment documentation and a lower finding on weekend warehouse logs. The board received the signed opinion on the date agreed in the engagement letter.
Constraint worth noting: one bank confirmation arrived six days late despite early requests — alternative procedures on that account added a half-day to cash testing.
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