Welcome to Blackrose Consultancy

Phone Number

+254720682156

Email

info@blackrose.co.ke

Mon - Sat: 8 am - 5 pm

Sunday: CLOSED

Audit

Planning, executionand completion of financial statements audits of small and medium sized organizations in the financial services, manufacturing and consumer markets. Preparation of audit reports, including reports to management and review of statutory accounts for compliance with International Financial Reporting Standards and other relevant legislation. Assessment of internal control environments and preparation of management reports on performance improvement areas in the business processes of the organization. Review of tax workings and compliance check for audit client analysis of the financial market and executing investment opportunities that can outperform the competition. Perform analytical reviews on financial statements and advice on the most appropriate form of action and assess the risk involved. Financial analysis and advisory.

Statutory Audit

Statutory audit is designed to provide a reasonable level of assurance to users of accounts. Most organizations are required to at least annual financial statements to record their activities. Often other reporting is also required; for example to satisfy the needs of a regulator or other interested party. Our audit and supplementary audit services will help you meet regulatory requirements, as well as the particular needs of your organization.

We meet all your needs for full financial reporting in compliance with various statutes. Our expertise includes reporting for companies, banks, micro-finance institutions, stockbrokers, insurance companies and brokers, parastatal bodies under various acts, Co-operative Societies including Saccos, and charities.

A major part of this is ensuring that your financials meet not only the high standards imposed by the International Financial Reporting Standards but also that they are fully compliant with the laws of the land. We work to ensure that your organization is meeting all its obligations under the statutes and provide practical, proactive and up-to-date advice to help you continue to do so.

Why Blackrose Consultancy in Eastern Africa is the best choice for you in Audit Service

Blackrose Consultancy is committed to delivering an audit that adds value – our partner-led service gives you much more than just your annual statutory audit.

  • We work to understand your business, its goals and its issues, bringing extensive sector knowledge and experience to the task.
  • We work with you, offering continual attention – not just at the year-end.
  • We adopt a risk-based approach, carrying out an up-front risk assessment that focuses on your business’s key concerns and identifies potential threats.
  • We can flag up other potential issues, mainly financial or internal controls, that may affect you.
  • Subject to independent constraints, we can also offer pro-active advice on the risks you face, including practical solutions to accounting and systems weaknesses.
  • Our reporting is clear and accessible, avoiding jargon.
  • For smaller organizations’, we also offer a basic audit that delivers the compliance and peace of mind you need at a cost you can afford.

Special Purpose Audits

Organisations for which an audit is not a legal requirement may still decide to have an audit for a number of reasons.

The main reasons for non statutory audit are listed below:

  • Help you meet your stakeholders’ expectations
  • Help you identify and address financial and system issues
  • Facilitate effective governance
  • Give you reliable information on which to base critical decisions.
  • Audits required for a specific or special purpose

We are able to conduct audits that are required for the purposes of shareholders, stakeholders, parties to joint arrangements, construction projects, service charge audits, pre-merger, divestiture or asset sharing audits.

Why Blackrose Consultancy in Eastern Africa is the best choice for you in Audit Services?

We are committed to delivering an audit that adds value – our partner-led service gives you much more than just your “business MOT”.

  • We work to understand your business, its goals and its issues, bringing extensive sector knowledge and experience to the task.
  • We work with you, offering continual attention – not just at the year-end.
  • We adopt a risk-based approach, carrying out an up-front risk assessment that focuses on your business’s key concerns and identifies potential threats.
  • We can flag up other potential issues, mainly financial or internal controls, that may affect you.
  • Subject to independent constraints, we can also offer pro-active advice on the risks you face, including practical solutions to accounting and systems weaknesses.
  • Our reporting is clear and accessible, avoiding jargon.
  • For smaller organizations’, we also offer a basic audit that delivers the compliance and peace of mind you need at a cost you can afford.

Project Audit

We carry out audits of time-bound projects such as those of multilateral and bilateral donor funded programmes, public sector construction projects, charities with finite lives, ad-hoc audits of components of a project or entity and similar assignments. We may include non-financial audit work in this category where, for example a certain level of monitoring and evaluation reporting is required.

Project audit is designed to provide a reasonable level of assurance to providers of grants and management engaged in using funds for projects and other value for money considerations. Most organizations are required to prepare at least annual financial statements to record their activities. Often other reporting is also required; for example, on the spend relating to individual grants, or to satisfy the needs of a regulator or other interested party. Our project audit services will help you meet requirements, as well as the particular needs of your grant organization.

Why Blackrose Consultancy in Eastern Africa is the best choice for you in Audit Services?

We are committed to delivering an audit that adds value – our partner-led service gives you much more than just your “business MOT”.

  • We work to understand your business, its goals and its issues, bringing extensive sector knowledge and experience to the task.
  • We work with you, offering continual attention – not just at the year-end.
  • We adopt a risk-based approach, carrying out an up-front risk assessment that focuses on your business’s key concerns and identifies potential threats.
  • We can flag up other potential issues, mainly financial or internal controls, that may affect you.
  • Subject to independent constraints, we can also offer pro-active advice on the risks you face, including practical solutions to accounting and systems weaknesses.
  • Our reporting is clear and accessible, avoiding jargon.

Limited Scope Audits and Assurance

We offer a number of Limited scope audits and assurance and IFRS training services as explained below;

Expenditure or asset verification assignments

We carry out a range of bespoke assignments on behalf of various parties such as courts, beneficiaries of wills, donors of specific assets, joint venture partners and other interested parties.

Financial compliance reviews

We carry out internal control and project funding compliance reviews which may or may not include a financial component. We monitor adherence to specified transaction policies and procedures and provide advice on how to maintain a high level of compliance.

Statutory compliance reviews for regulatory purposes

We conduct compliance checks either for regulators or for clients needing to report to regulators. This type of service may or may not include a financial component.

Internal control reviews

We carry out detailed reviews of corporate internal controls, subjecting them to evaluation and where necessary, making suggestions for improvement. We also monitor compliance with the laid down controls and actively seek to identify ways to make them more efficient, more effective and less intrusive wherever possible.

IFRS Consultancy and training for staff

We provide advice on a case-by case basis for various technical complexities that you may face. We research solutions that enable you to meet your objectives without violating the requirements of various reporting standards. Our training for staff on compliance with IFRS and related frameworks can be tailored for your specific needs and delivered to your staff at your premises. Through our association with the Blackrose Consultancy network, we are able to provide support for US GAAP needs as well.

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