Accounting and Auditing
Audits are undertaken with precise service commitments in mind. These commitments underpin every aspect of the way we manage our audits, enabling us to utilize our resources in the most efficient way. Since risk is inherent in virtually every action and inaction, companies need to view risk in a more comprehensive, strategic, and enterprise-wide context.
By managing risk effectively, a company not only minimizes risk when a crisis occurs but it also enables the company to be strategically proactive and opportunity driven in achieving to its goals. In other words, organizations are becoming to realize that risk is no longer a liability but, properly managed, a powerful asset that can bestow competitive advantage.
Our risk professionals are trained to take an enterprise-wide view of a company's risks. Beginning with an understand of the company's strategic objectives and risk tolerance, a multi-functional team will then help the company develop risk management solutions that minimize hazard, resolve uncertainty and maximize opportunity.
The company helps in preparation of statements to be used by investors, market analysts, and creditors to evaluate a company's financial health and earnings potential. The three major financial statement reports are the balance sheet, income statement, and statement of cash flows.
Our tax review services will include corporate income tax, VAT or payroll taxes, or full-scope review of all applicable taxes in Tanzania. The review can also be specific transactions or accounts, such as fixed asset balances and payroll costs.
We look at your accounting records, internal control policies, and accounts in accordance with industry-accepted accounting standards. This process can look and feel as if someone is scrutinizing your sensitive files, searching for errors and misstatements. However, financial auditors use this process to assure your stakeholders (and any interested outsiders) of your company’s financial position.
In addition, you’ll discover how to read and understand an audit report and how to prepare for one while also saving time and money. Plus, find tips from industry experts and a free checklist to help you jumpstart your preparation.