Erica Tang, CPA, Assurance Services Manager

Erica joined LGT in August of 2008 with more than three years of public and industry accounting experience. She has extensive experience working with clients in the Manufacturing and Automotive industries and her duties include audits of financial statements of SEC Registrants, privately owned companies and employee benefit plans. Erica is serving as Treasurer for the Dallas IMA and has previously served on the steering committee of LGT’s Young Professionals group and held the offices of Chair and Vice Chair throughout her membership.

Recent Posts

4 Ways to help stay on top of receivables

Imagine, someone in sales closing a massive deal. It’s a new customer with a huge, custom order. Great! The production team works under the tight deadline. The new client is pleased that everything is shipped on time and comes back looking spectacular. But wait, did you get paid?

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Topics: Manufacturing & Distribution, Accounting Tips, Audit

Internal Controls Are Vital In Guarding Against Fraud

Many dealerships are riding the wave of an improved economy and the booming automobile industry, which experienced a record sales year in 2015. In the midst of these positive developments, however, there’s one potential risk dealerships should be aware of: internal fraud.

Traditionally, many stores have been susceptible to fraud due to their relatively small financial and accounting staffs, the large sums of cash kept on hand, a high volume of transactions, and their highly-marketable inventories. Growing sales and revenue can present even more opportunities for dishonest employees to embezzle funds.

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Topics: Auto

Creative Ways for Manufacturers to Attract Fresh Talent

Young adults entering the workforce may not consider factories and distribution facilities as the most glamorous places to begin a career. But owners of manufacturing companies know firsthand just how rewarding careers in this sector can be, both financially and intellectually. Some have found creative ways to breathe new life into their mature companies by enticing millennials—roughly defined as people born between 1980 and 2000—to join their workforces and take the first step into developing a career in the manufacturing sector.

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Topics: Manufacturing & Distribution

ASU Exposure Draft: Simplifying the Subsequent Measurement of Inventory

As the Financial Accounting Standard Board (FASB) continues their focus on simplification, the Board voted in May of this year to finalize Simplifications on Subsequent Measurement of Inventory. The Board’s inventory measurement simplification objective is to reduce the cost and complexity of the subsequent measurement of inventory while maintaining, or improving, the usefulness of the information being reported.

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Topics: Manufacturing & Distribution, Accounting Tips