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Financial Statement Audit
When you engage our team for financial statement auditing services, you can expect more than routine compliance because we specialize in serving plastics and packaging companies.

Financial Statement Audits for Plastics Manufacturers

Auditors find money-saving opportunities for plastics manufacturers

Does your auditor consistently help you save money? Plante Moran believes that a financial statement audit for a plastics manufacturer is not complete until it provides options to improve the company’s financial position.

When you engage our team for financial statement auditing services, you can expect more than routine compliance because we know about plastics and packaging companies. We advise more than 1,000 manufacturing companies and more than 200 of them specialize in plastics.


Understanding the plastics industry

We will come to your financial statement audit knowing that productivity among plastics manufacturers is up, but so are price pressures and material costs. We know because we conduct the industry’s most in-depth benchmarking survey every year.

Our North American Plastics Study benchmarks profitability and performance in the plastics industry. During the financial statement auditing process, we will keep in mind the many challenges that the plastics manufacturers face, such as finding the right asset utilization rate and balancing receivables and inventory with net equipment costs at a favorable margin. We will draw on our background knowledge and experience to provide you meaningful recommendations. 

Benefit from our award-winning firm culture

We can confidently say that you will enjoy working with our financial statement auditing team. For more than a decade, several organizations and publications have honored Plante & Moran as a top place to work. That is because we have a culture based on our founding partners’ philosophy of putting client interests first and nurturing our staff of caring professionals.

Our culture encourages collaboration, for your benefit. For instance, we understand that every decision has book and tax implications, so our audit and tax teams work together to deliver seamless service and help you make the best decisions for your business.

Our culture also translates into very low staff turnover, so you benefit by the consistent participation of many of the same team members, who understand your company and your circumstances, project after project. 

Audits are value added and hassle free

Plante Moran plastics and packaging industry clients appreciate our understanding of their business challenges and opportunities. We will bring that same understanding to your financial statement audits. And as an audit client, we can promise you that: 

  • Your internal controls and financial statements will be reviewed by reputable, experienced industry professionals. 
  • You will receive financial statement audit information that is objective, independent, and accurate; information you can depend on, in a timely manner.

“We are a fairly data-driven metrics-oriented organization and have historically compared our 6 operations against each other internally. Participation in the North American Plastics Industry Survey (NAPIS) has taken benchmarking to the next level giving us a broad, valid comparative universe. Operationally we use the NAPIS data for enhancing the output and efficiency of our assets and goal setting. Commercially we reference the information to test the validity of “target pricing” that is frequently presented to our sales assets. Finally, and perhaps most importantly, NAPIS data has become part of our acquisition toolbox during the initial assessment and operational due diligence phases of the process. Candidly our entire management looks forward to the NAPIS survey.”
 
Al Ridilla, President
Enterprise Molded Products Business, Parkway Products Inc.