The global automotive industry remains one of the biggest manufacturing sectors. Both fast-paced and innovative, this highly saturated, technology-focused market places significant emphasis on cost and regulation with movement towards international sourcing and distributed manufacturing and assembly operations.

RSM’s automotive industry group brings together technical excellence and knowledge – understanding and meeting middle-market clients’ commercial needs across accounting, tax and operational matters, as well as helping them to remain competitive by harnessing business opportunities.

Our offering is at the vanguard of challenges that impact middle-market clients and their supply chains. With the automotive industry undergoing a significant shift, global competition is on the rise.

RSM's experienced team understands the implications this change can have on your organisation and can guide you through the complex issues confronting this ever-changing industry.

Automotive service capabilities

Our Service

Audit

Through RSM’s delivery of a single global audit methodology coupled with leading audit software, including enhanced data analytics tools, RSM automotive audit professionals can assist clients with:

  • Assessment of accounting policies and assistance in optimising policy decisions
  • Transaction related services including valuation and purchase price allocation
  • Assistance in accounting for business combinations
  • Financial statement audit, reviews and compilations
  • Review of technical accounting memoranda and conclusions
  • Employee benefit plan audits
  • Carve out financial statement audits
  • On-call technical accounting consulting
  • Review of ongoing revenue recognition
  • Spearhead the organisation’s efforts in preparation of Forms 10-Qs and Form 10-K

Tax

RSM’s tax professionals have a keen awareness of the issues facing automotive suppliers and original equipment suppliers globally and can provide insights involving:

  • Domestic federal and international tax structuring
  • U.S. domestic tax credits ASC 740 services
  • Cost segregation studies
  • Credits and incentives
  • Expatriate compliance and planning
  • Global compliance and statutory reporting
  • International tax services and structuring
  • IRS and state and local audit defence
  • M&A diligence and planning
  • Sales and use tax planning
  • State and local tax issues
  • Tax co-sourcing and compliance
  • Transfer pricing documentation and planning
  • Unclaimed property
  • Tax technology selection and optimisation services
  • Indirect tax recovery

Consulting

RSM’s consulting specialists offer a wide array of services squarely focused on issues and topics that are front and centre to the automotive industry.  Whether working with technology or management consultants, privacy and security experts, or transaction advisory specialists, RSM is positioned to support the specific needs of the automotive industry in the areas of:

  • Breach response
  • Business valuation
  • Business process assessment and improvement
  • Business intelligence
  • Cash management
  • IT services (ERP and CRM, business intelligence and IT strategy)
  • Acquisition integration support
  • Performance improvement (corporate)
  • Operational audits (unit level / supply chain)
  • Financial accounting outsourcing
  • Fraud detection and prevention
  • Inventory management and controls
  • Internal audit services
  • IPO readiness
  • Lease due diligence, administration and advisory services
  • Litigation and dispute advisory
  • M&A advisory and due diligence
  • PCI compliance
  • Security and privacy risk mitigation
  • SOX compliance and international control consulting
  • Tenant lease audits
  • Technical accounting consulting
  • Managed IT services
  • Digital transformation
  • ERP assessment and implementation