Extended note: March count at a Takasaki parts maker
The company had grown past its first informal review and needed a statutory opinion for a bank covenant. Inventory sat in two buildings with different perpetual systems. We scheduled observation for both sites on consecutive mornings, tested cut-off at the shared dock, and traced slow-moving tooling parts that had not moved in eighteen months.
The draft findings meeting focused on a write-down schedule the floor supervisor already knew about but had never quantified for the ledger. The final opinion was unmodified; the management letter listed dual-approval gaps on payments above ¥500,000. The client used that list before the next quarter close.