Client stories

Evidence from completed audit seasons

Finance leaders describe inventory counts, cut-off debates, and reporting meetings — not star ratings.

“Tideway’s inventory count at our Funabashi warehouse ran on the agreed Saturday start. The only friction was a late bill of materials revision we should have flagged earlier — their team waited while we corrected the sheets.”

Keiko Morimoto · CFO, industrial components manufacturer · Statutory audit

“They challenged our revenue cut-off around year-end shipments without turning the management letter into theatre. Clear findings, no jargon for jargon’s sake.”

Daniel Reeves · Group controller, consumer goods importer · Statutory audit

“The internal control review on purchase-to-pay found that one plant still approved invoices without three-way match. We fixed the control before the statutory audit, which saved arguments in March.”

Ayumi Fujita · Finance director, food processing group · Internal control review

“Due diligence on a Chiba tooling target took longer than the seller promised because their inventory ageing was incomplete. Tideway’s report was blunt about that gap — useful, if uncomfortable, before we adjusted the offer.”

Thomas Bergman · Corporate development, industrial buyer · Financial due diligence

Two engagements in detail

Manufacturing plant floor relevant to inventory audit

March year-end at a precision parts maker

A Chiba manufacturer needed a first-year statutory audit after changing group auditors. Tideway rebuilt comfort over opening inventory through roll-forward testing and attended counts at two plants. The auditor’s report was issued before the parent’s consolidation lock, with one corrected misstatement on slow-moving stock.

Financial documents prepared for lender covenant procedures

Lender covenant procedures for a trading company

A Tokyo trading firm’s bank required agreed-upon procedures on interest-coverage and leverage calculations mid-year. We tested the arithmetic against the management accounts, traced debt balances to confirmations, and reported factual findings within ten business days — without issuing an audit opinion the lender did not need.