Services

AUDIT & ASSURANCE

  • Audit of Financial Statements
  • Reporting on factual findings based on agreed upon audit procedures
  • Review of financial statements
  • Compilation of financial statements
  • Examination of prospective financial information
  • Special purpose audit engagements
  • Assisting in complying with Sri Lanka Financial Reporting Standards

OUTSOURCING INTERNAL AUDITS

Internal Audit is involved in helping organization achieve their objectives. It is concerned with evaluating & improving the effectiveness of risk management, control & governance processes in an organization. While Our Internal Audit division performs the internal audit to achieve these objectives they also continuously look to add value and improve the client’s operation.

BPO (BUSINESS PROCESS OUTSOURCING)

ACCOUNTING SERVICES
ACCOUNTING SERVICES
  • Assistance in the initial setting up and designing the full set of accounting books and records (chart of accounts, accounting policy, software etc).
  • Monthly accounting and book-keeping services.
  • Compilation of management accounts
  • Preparation of annual financial statements
  • Annual audit assistance (not as auditor, but a role of providing audit required documents and support).
  • Compliance with routine Income Tax and Sales tax matters.
 
SPECIAL PROJECTS
  • Accounting review and advisory services
  • Accounting reconciliation service (e.g mapping between global and local financial systems, intercompany Account Payable / Account Receivable reconciliation)
  • Issuance of VAT, SVAT, Non VAT invoices.
  • Secondment services (e.g Finance Manager, Accountant, Accounts Assistant)
  • Co-sourcing services (working with the client’s team in order to complete a series of tasks)
  • Cash Management services (e.g Account Receivable collection control, Account payable management)
  • Account review and re-organization for pre-initial public offering (IPO) or initiating negotiation.
  • Preparing financial statements relating to liquidation.
  • Due diligence Studies to assist prospective Investors
  • Business Feasibility studies
  • Valuation of Business
  • Investigating of Frauds
  • Risk Advisory
 
INVENTORY MANAGEMENT
  • Verification
  • Reconciliation
  • Inventory Processing
  • Reporting
FIXED ASSETS (PROPERTY, PLANT & EQUIPMENT) REGISTER
  • Preparation of Fixed Assets (PPE) Register using software
  • Updating existing Fixed Assets Register
  • Carrying out physical verification and coding of fixed assets
  • Carrying out valuation of Fixed Assets

TAX COMPLIANCE & CONSULTING

  • Registration of entities with the Tax Authority
  • Computation of taxes relevant to business and filing returns with the Tax Authority
  • Reporting compliance with requirements of local tax laws
  • Advising on technical aspects of local tax laws to prospective investors.
  • Designing and implementation of internal mechanism for tax compliance
  • Assistance to finalize tax issues, appealing and following up with the Tax Authority
  • Formulating strategies for tax optimization
  • Advising on operation and implication of transfer pricing
  • Tax services for expatriates
  • Advising on Double Tax Agreements

CORPORATE SECRETARY

  • Company formation and related secretarial services
  • Company file search
  • Company dissolution and liquidation
  • Specific business license and permit application
  • Registration of trademarks and logos
  • Company Mergers and Acquisitions
  • BOI and Exchange Control Issues

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