Commodity Trading
Benitez & Company understands that the commodity market offers huge opportunities and equally huge risks. Our team of professionals can assist in mitigating those risks through our services of logistic studies and compliance.
The team of specialized auditors of Benitez & Company is your solution for hedge accounting and financial reporting so you can successfully manage the increasingly complex industry of commodity trading. Our analytical skills and valuable resources position our firm as your trusted advisor.
In addition to the traditional audit , tax , and advisory services for the commodity trading industry, Benitez & Company has developed value-added services to assist management in their decision making:
- Assurance of compliance with hedge accounting regulation ASC 815 (FAS 133), ASC 815-10 (FAS 161) and IAS 39 (IFRS 9)
- Accounting for derivative instruments
- Accounting for and reporting of foreign currency transactions
- Translating foreign currency statements to the reporting currency