The situations consumer businesses bring to us
Consumer companies usually approach RRH at a point of change: a new plant or product line, a foreign investor joining the shareholder register, a dispute with the tax authority, or a concern that sales figures from the distributor network do not reflect what is happening in the market. This page describes the kinds of work we do for manufacturers, distributors, retailers and online sellers in Bangladesh, and how our teams are organised around their needs.
Each client deals with one engagement leader, who brings in audit, tax and advisory specialists as the issues require. Where we are the statutory auditor, independence rules limit the other services we can provide, and we explain those limits at the outset so that there are no surprises later.
Assurance that reflects how the business sells
Revenue in consumer markets is shaped by trade discounts, incentive schemes, returns and free goods, and by very large volumes of small transactions. Our Financial Statement Audits give particular attention to these areas, along with the existence and valuation of inventory held across factories, depots and distributor premises.
Where management wants a closer look before the year end, our Internal Control & Compliance Review work tests controls over order-to-cash, procurement and stock movements. Findings are reported in a form the audit committee can act on, with each weakness linked to the process owner responsible for fixing it.
Tax matters across the supply chain
Our tax teams help consumer businesses establish the VAT and supplementary duty position of their products, support input tax credit claims, and represent them in VAT audits and appeals. We also advise on customs classification of imported materials, which can have a direct effect on landed cost.
For groups with foreign shareholders, we prepare transfer pricing documentation for related-party purchases, royalties and management fees, and provide the auditor certifications that Bangladesh Bank rules require before dividends, profits or royalties are remitted abroad.
Support for growth, change and exit
When a consumer company plans to expand, raise capital or acquire a brand, our Deal Advisory team carries out financial and tax due diligence and advises on transaction structure. Foreign-owned companies entering Bangladesh can use our Business Services and Outsourcing team for company set-up, accounting, payroll and secretarial compliance, so that local obligations are met while the business builds its own finance function. After an acquisition, we can also help plan the integration of finance processes, tax registrations and reporting, which is where many expected benefits are lost.
Client confidentiality means we do not publish details of individual engagements. If you face a situation like those described here, our consumer markets team can explain how we would approach it and which specialists would be involved.
Related RRH services: Financial Statement Audits, Internal Control & Compliance Review, Deal Advisory and Business Services and Outsourcing (BSO).