Audits
We conduct audits on our clients' financial statements to assess their adherence to internationally recognized accounting principles. This process involves scrutinizing internal control systems and conducting selected transaction tests to the extent necessary for formulating our audit opinion. Prior to commencing our audit procedures, we make a concerted effort to comprehend the client's operational environment, strategies for managing prevailing risks, key value drivers, and the performance metrics employed by management. We carefully evaluate management information to understand how business targets are achieved and performance is controlled in the face of existing risks. This comprehensive understanding informs our audit approach, enabling us to assess inherent risks. Following the completion of necessary tests, we can then make informed judgments regarding the reliability of management's assertions. Our ultimate goal is to provide an opinion on whether the financial statements presented to us accurately and fairly reflect the client's financial position as of the audit dateTax Consultations
-> The company provides tax consultancy services, aiding clients in the strategic planning of taxable income assessments. -> The company supports clients in predicting anticipated operational outcomes and guides them in leveraging diverse tax-saving opportunities. -> The company also aids clients in the preparation of quarterly and annual tax returns, managing various tax compliance issues, including VAT returns and associated matters such as VAT refund computations. -> The company represents clients in dealings with the Tax Revenue Authority (TRA), actively resolving tax-related issues on their behalf. -> The company offers training and assistance to clients in payroll preparation, ensuring meticulous consideration of calculations for PAYE and SDL.Trainings, Capacity Buildings & Accounting
Training in financial management for both financial and non-financial managers. This equips directors and managers of companies and organizations with the skills needed to effectively oversee their entities' assets. Customization of financial control systems, policies, and accounting manuals to align with the specific requirements of clients' organizations and companies. Training programs on computerized accounting packages, including in-class sessions, package installation, customization of client accounts to match the purchased package, and the establishment of a chart of accounts. Expertise in supporting clients during the recruitment of accounting staff, as well as ongoing mentoring of accounting personnel. Part-time services in accounting and finance management. Budget preparation services.Legal Advisory Services
As a firm offering Legal Advisory Services, we are committed to providing comprehensive and strategic guidance to our clients in navigating the complex legal landscape. Our experienced team of legal professionals is dedicated to understanding the unique challenges and opportunities faced by each client, tailoring our advice to align with their specific needs. We offer a range of services, including legal risk assessments, contract reviews, and compliance analysis, ensuring that our clients are well-informed and equipped to make sound legal decisions. Our approach involves not only addressing existing legal issues but also proactively identifying potential risks and opportunities for our clients' long-term success. Whether it's assisting with regulatory compliance, contract negotiations, or dispute resolution, our Legal Advisory Services aim to provide clarity, mitigate legal risks, and contribute to the overall legal well-being of our clients' businesses.Featured Services
Statutory audits
Special audits
Internal Audits
Tax consultations
Prepare business plans
Consultancies
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Tanzania National Budget 2023/24
Our Overview on 2023-2024 BudgetOut of TZS 44.4 trillion, TZS 30.31 trillion (68%) are for recurrent expenditure, while TZS 14.08 trillion (32%) are for development expenditure, which includes development expenditures for various projects both in Central Government and Local Government Authorities. Energy and transportation infrastructure projects will drive the growth of development expenditure. Priority areas include the completion of flagship and strategic projects such as: continuing the construction of the Standard Gauge Railway (SGR); revamping Air Tanzania Company Limited (ATCL); continuing the construction of the Julius Nyerere Hydropower Project (2,115 MW); construction of Ruhudji (358 MW) and Rumakali (222 MW) hydropower plants; development of the Liquefied Natural Gas (LNG) project; construction of the John Magufuli Bridge (Kigongo-Busisi); construction of roads and bridges; developing special economic zones including the strategic investment area in Bagamoyo.
Read more at: https://www.tanzaniainvest.com/budget
Our Audit Approach
Pre audit risk at the overall level
Evaluating pre-audit risk at the overall level involves a thorough assessment of the potential for material misstatements within the entire…
Use of the Model
While certain elements of the model, such as Inherent Risk and Control Risk, are beyond the auditor’s control, the auditor…
Pre-audit Risk at the individual Account or Audit Segment Levels:
Referring to the identification of areas with high audit risk, this entails pinpointing specific accounts or audit segments where material…