Extended story
Year-end at a coastal components maker
A Kanagawa manufacturer needed its statutory examination completed before a March lender meeting. Inventory moved nightly onto vessels; sales invoices sometimes predated bills of lading.
Our team matched the last outbound shipments before close with the first after midnight, then discussed three cut-off adjustments with the finance manager before drafting the report. The management letter stayed short: shipping-desk timing, not a wholesale control rebuild.
The board received the signed examination report with enough margin to answer bank questions without a second fieldwork visit.
Extended story
Covenant language that needed arithmetic
A trading company faced quarterly covenant reporting that mixed yen and dollar deposits. Prior packs had omitted a dormant foreign-currency account.
During the Lender Covenant Compliance Check we rebuilt the calculation schedule, requested confirmations for every listed account, and annotated the excluded lease adjustment the facility agreement required. The mild friction: the treasury clerk preferred email-only confirmations; two banks still insisted on sealed forms, which delayed the pack by five days.
The final schedule was accepted by the lender without a follow-up query on cash completeness.