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The current Covid-19 environment has had an unprecedented effect on the retail industry and retailers operating out of physical stores are slowly seeing the traffic back at the stores. An integral part of working capital management is to ensure the retailer monitors its expenses closely and rental expenses comprise one of its key expenses.
We are well versed in gross turnover (“GTO”) audits and our GTO audit clients include food and beverage establishments and retailers. Our GTO audits include the deployment of data analytics and moves away from the typical largely substantial approach adopted by other audit firms. As part of this service, we will audit the retailer’s statement of gross turnover prepared based on their tenancy/lease agreements, which addresses the concerns from both landlord and tenant perspective to ensure there is no revenue or expense leakage.
Our dedicated F&B, Retail and Consumer Products team translates deep knowledge and insights on your unique challenges into holistic solutions. We help you to recognise opportunities, stay updated on regulatory changes, and restructure and reorganise to improve processes and supply chain management, and facilitate M&A, tax compliance and audits.
We deliver technological solutions that streamline processes, enhance productivity and achieve cost savings, empower your business with the flexibility to shift manpower as needed, and support you with a wide range of expert advice.
Our broad support covers three areas:
Cross-border Expansion | Business | Process |
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