The Range of Services we offer

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Audit & Assurance | Business Advisory | Financial Advisory | Corporate Secretarial services | Related Services

Audit & Assurance

Throughout history, businesses have needed to record their transactions and measure results. Current national and international audit standards, however, are more exacting than ever. Global competition also requires all business entities to be built on solid foundations with effective management structures. Accordingly, we believe that our audit should provide value to our clients by focusing on information flow that helps them benchmark the performance rather than just a set of audited financial statements.

We believe that the success of any audit we carry out is dependent upon:

  • Understanding the client's business, underlying risks, and the legislation and regulations governing the business;
  • Understanding the client's organizational, procedural and information system controls as well as their operating structure;
  • Ensuring that superior expertise and resources are available to satisfactorily carry out the audit;
  • Adhering to the firm's quality control standards.

All audits are carried out as per the firm's Audit and assurance Procedures Manual, which is based on International Standards on Auditing. Our audit approach is principally risk-based, and focuses on obtaining an understanding of the scope of the assignment, and developing an audit strategy to achieve the set audit objectives.

The firm has also developed industry specific manuals for industries such as banking and insurance that are subject to specific requirements. Partners and staff involved in industry specific audits are required to undergo regular training to ensure that they are conversant with the operations of, and the risks attached to, these industries and the legislation and regulations governing these industries.

Kiguru and Associates is also able to conduct internal audits, the product ranges from complete outsourcing arrangements to setting up an internal audit function. We are able to provide clients with assurance that the right systems and controls are in place, assets are safeguarded, funds properly used and in compliance with legislation. Internal audit procedures are tailored to each client's requirements as well as industry specific needs.

A high level of partner involvement in each audit undertaken gives you a sense of security and a regular contact to deal with. Our teams take time to structure the audit and the audit plan is developed in consultation with the Client. In this way, we can help you achieve the greatest value by focusing on specific needs and by relying on your understanding of the business.

We provide audit and assurance services to clients in a wide range of sectors including:

  • Manufacturing and trading
  • Hospitality and leisure
  • Agriculture (including horticulture and floriculture)
  • Construction
  • Transport and communication
  • NGOs and charitable trusts
  • Educational institutions
  • Investment companies
  • Retirement benefits schemes
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Business Advisory

We deliver business solutions to the widest range of industries and the most complex business situations.

  • Long Term Business Planning: Formulating a business plan using a bottom up participative approach; Detailing the organization's mission, objectives & goals, and strategies for achieving them; Setting out both financial and non-financial parameters in which the business will operate.
  • Risk Management Solutions: Providing business advisory services to anticipate and reduce the risk associated with future business activities, thereby securing the long term profitability of the client's business. The aim is to anticipate risk and have the right controls in place to protect the business through a period of major change.
  • Design of Accounting Systems: Setting up financial and cost accounting systems, effective treasury systems and management of debtors and creditors.
  • Review, Design & Documentation of Policies & Procedures: Review of the company's operational policies and procedures, advising on industry best practices and documentation, and facilitating implementation by providing appropriate client training.
  • Business Profitability & Cash Flow Management: Preparation of costs, revenue and cash flow projections, financial and variance analysis, product costing, inventory controls, design of purchasing systems, and formulation of growth strategies. The aim is to re-engineer the data structures and processes that generate management information, focusing on cost reduction and identification of non-performing units.
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Financial Advisory

Careful and innovative financial thinking is the strength of any organization's business strategy. As a sparring partner, we provide a broad range of advice to our clients.

  • Project Feasibility Studies: Preparing project feasibility studies to ensure that new project expansions being undertaken are feasible, viable and sustainable over the long run. This involves identifying what a certain course of action, whether financial or strategic, will cost in real terms, and how it will impact the project.
  • Business Valuations: Valuing business and their individual components. The type of valuation depends on the nature of the exercise such as acquisition, restructuring, shareholder buyout, tax appeal or litigation.
  • Mergers & Acquisitions: Providing advice on complex equity and corporate deals and ensuring clients maximize deal value and reduce risk. This involves understanding the implications and guiding the client through every aspect of the transactions from identifying appropriate targets, structuring deals and raising finance.
  • Due Diligence: Involves an independent verification on a merger or take over of the financial, legal and functional aspects of a business to provide assurance to the merging party or the party taking over on the current state of the business.
  • Venture Capital, Project Finance & Stock Exchange Listing Services: Facilitating and advising on the raising of capital by identifying potential investors through private placement or the capital markets in East Africa.
  • Business Recovery Services: Providing advice on how to turn around a business with declining earnings or liquidity problems. Involves complex restructuring exercises and advice on diversification and divestment. Receiverships, liquidations and scheme of arrangements are areas that fall under this category.
  • Leasing - An Effective Tool for Asset Finance: Providing specialized advice on the accounting, taxation, and commercial, regulatory and modeling aspects of leasing.
  • Financial Disputes, Investigations & Arbitration: Quantification of losses due to fraud, corporate irregularities, insurance claims and litigation. Advising on how to minimize disruption and cost of disputes. Settling of disputes outside the court process.
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Corporate Secretarial Services

Our secretarial division provides a wind range of company secretarial and registrar services including:

  • Undertaking routine compliance work including submission of returns, and maintaining registers and secretarial records as required by the local legislation;
  • Advising on company secretarial issues;
  • Attending board meetings and shareholders' meetings;
  • Advising on company/business registration and de-registration;
  • Advising on capital restructuring.
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Related Services

Financial Services: Formation of offshore companies and trusts, creation of savings and pension plans, funds and portfolio management, advice on how to structure personal insurance, and related financial advice.

Business Services: Maintaining books of account, payroll, fixed asset register and providing timely management information.

Legal Support: In conjunction with our legal associates, provide legal solutions to clients' requirements such as drafting of legal agreements, memoranda of understanding, shareholders agreements, management agreements and company formation.

Forensic Accounting: Quantifying financial losses and claims arising out of business transactions and disputes, as well as acting as expert witnesses for clients in various financial matters.

Training Seminars: Conducting training seminars for clients based on their specific requirements in areas of corporate governance, direct and indirect taxation, company secretarial matters, information technology, internal controls, fraud prevention, financial services and other related matters.

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