Audit, Assurance and Accounting
a) Independent Audit and Assurance
At Interactive Consultants Group, our focus is to provide quality audit and assurance services to our clients to help navigate complex regulatory environment while building trust with investors. While compliance with audit regulatory requirements help clients avoid costs related to non-compliance, financial statements audit and assurance services create and deepen investor confidence thereby unlocking further investment.
Our independent auditors, who undergo regular training and are versed with the latest regulatory changes and best practices, offer a valuable and a critical role of being a trusted intermediary between providers of business information and the users of that information. Over the years, regulators and fund donors relied on our independent external audits that are thorough and unlock valuable insights into the operations that underpin financial statements. Our audit approach starts with an in-depth understanding of the organization and its operations, strategies, and objectives to ensure both financial and non-financial information is properly captured.
Our Audit and Assurance Ethos
Leverage Technology – Our entire Audit process employs latest technology to minimize cost to the client while not compromising on quality of the audit output. We use latest analytical methods to analyze data to uncover insights and trends that are difficult to discern through the traditional audit methods
Pro-active Advice – Our specialists view the audit process as a value addition to both the users of the audit opinion and the organization being audited. Imbedded in the Audit process is expert and relevant advice to the management of the organization on remedying identified weakness and offer practical solutions.
Transparency and efficient communication – We emphasize on clear communication to our clients so that every party to the audit process is aware of what happens when and where. Our Audit specialists commit to agreed timelines and processes that is convenient to all stakeholders of the audit exercise. This is done without compromising on flexibility to accommodate emerging situations.
Internal Audit and Compliance
The dynamic nature of today’s business environment means that companies and organizations operate in a high-risk environment, both relating to complying with regulations and meeting investor expectations and as such our internal audit role plays a key part in helping organizations achieve their strategic business objectives. Our specialists bring the best industry practice to your
organization to give you the peace of mind to concentrate on the core business of the organization.
Our team of specialists carry out a detailed examination of the organization’s financial statements and processes to identify blind spots, compliance risks and accounting weaknesses.
On Internal Audit, we provide, but not limited to:
- Review of Accounting Systems, Policies and Procedures
- Review of Internal Accounting Controls
Outsourced Accounting
We offer remote accounting services as an outsourced service to small businesses, non-profits, and entrepreneurs to help them run businesses and organizations while removing the accounting risk burden from management. Our services are tailored to the specific industry the business or organization operates in and services include but not limited to:
- Compiling of Financial Statements
- Personal Financial Statements
- Prospective Financial Statements
- Family Office, Accounting and Administration Services
- Business Back Office Accounting and Administration Support
- Reconciliation of Bank, Credit Cards, and Loans
- Journal Entries for Payroll, Accrued or Pre-Paid Expenses
- Entry of Cash Receipts/Petty Cash
- Year-to-Date Profit & Loss Statements
- Balance Sheet
Tax Advisory
Our tax consultants have an in-depth understanding of national, regional and Interactive tax laws to help you plot the most appropriate tax strategies for your business or organization. At ICG, we have a reputation for providing innovative, timely and objective tax advice to lower your tax burden. We specialize in tax planning, transfer pricing, Interactive taxation as well as acting as agents in tax returns and filing.
Training
ICG believes in advancing the accounting profession by partnering with our clients to offer tailored training and to transfer knowledge to their staff. We have a suite of training courses that are designed to bring staff knowledge on key areas of accounting standards to an expert level so that organizations can develop their financial and accounting departments. We spend resources to stay abreast of the latest changes in the field, attend conferences and contribute to the global discussion on improving accounting standards. This expertise is then passed on to our clients through bespoke training of their staff. Our training courses cover areas including, but not limited to:
– IFRS training for accounting executives
– Public Sector Accounting Standards
– Accounting for financial instruments