In cooperation with partners of one of the European firms of Baker Tilly International, our team provided consulting services in the field of taxation of one of the largest mobile companies in the Kyrgyz Republic, in particular, in the field of individual and corporate international taxation.
Stock count of fixed assets with 100% coverage.
Our client’s need:
Baker Tilly was hired as a consultant to conduct a stock count of fixed assets with 100% coverage of base stations and warehouses persons on the territory of the Kyrgyz Republic to bring internal accounting and reporting in compliance with the IFRS. There were issues between technical department data and accounting system which required to solve the problem by means of physical inspection of the asset condition and obtaining information on the actual existence of each asset.
Baker Tilly Solution:
Baker Tilly revealed significant differences in the number of assets through a full stock count of warehouses and base stations. Baker Tilly also has identified numerous deficiencies in the work of other departments of entity, the timely resolution of this issues allowed to contribute the provision of continuous and quality services.
The results of the stock count were presented to the client in the form of a report, as well as an inventory register and inventory reconciliation report, which then became the basis for revision of company's accounting data.