Pacific Rim Practice
Building A Bridge Across the Pacific
Your company has made a strategic decision to expand its operations to Asia Pacific. The challenge is to successfully manage your overseas operations, including the planning and conducting of the internal audit.
How will you manage the audit engagement on a world-wide basis? How will business risk, operational breakdowns, and fraud be properly identified? Have language and cultural barriers been a consideration in the audit process? Who will manage the international planning and logistics of the project work?
Our Pacific Rim practice centers solely on providing methodologies addressing these and other numerous international trade issues. Our team consists of experienced, knowledgeable experts which could be a strong consideration with which to begin a global co-sourcing and partnering relationship.
For over 20+ years, our Pacific Rim practice has successfully served the Asia Pacific market, and thus developed long-standing working relationships with numerous multi-national Japanese and Asian corporations. Our team is one of the leading practices in the US Midwest. Our clients are primarily owned by foreign entities, including numerous Japanese subsidiaries, which are owned by the parent companies in Japan. The practice is unique because we have a number of clients that import products and materials from overseas.
As a result, we are have a depth of knowledge and are extremely familiar with current issues surrounding international companies such as the parent company's consolidation process, income tax treaties, foreign currency transactions, recording duty and freight expenses, recording inventory in transit, earning stripping rules, transfer pricing rules, and foreign tax credits.
With this specialty knowledge, we can advise you effectively to help you avoid unnecessary issues and problems. Our unique background enables our bilingual professionals to transcend geographical differences to successfully incorporate them strategically into the client planning process. Our thorough understanding and practical experience of the intricate and complex nature of the internal audit in Asia, allows our professionals to provide the essential value-added services to the engagement.
As a member of GMN Enterprise, a worldwide organization of independent accounting and consulting firms with over 110 firms in 40 countries, we can assist with planning strategies for international operations and distribution channels.
Among our international clients, the majority are manufacturers and wholesale distributors.
Pacific Rim Practice contact:
Koh Fujimoto, CPA
Principal
kfujimoto@cdhcpa.com