Internal Audit and Risk Assurance Service
External Audit and accounting Services
Consulting and Capacity Building Services
Tax Services
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Our internal audit professionals look strategically at how firms can add value, reduce costs and improve efficiency. The end game in an internal audit is no longer limited to focusing on the processes and controls surrounding financial reporting. Internal audit now has a more strategic role. It can create value by identifying enterprise-wide risks, leveraging synergies, monitoring and providing early warning of new risks, and improving processes and efficiency. When you need sourcing assistance—internal audit outsourcing, co-sourcing/partnering or loaned staff—our internal audit services can help you move your internal audit function to the next level. To help improve your business productivity and mitigate risks, our internal audit services include the use of Auditor Assistant—an integrated software solution that enhances collaboration, automation and insight into your organization; and helps you efficiently manage and conduct operational, IT and financial audits and engagements.
Our External Audit services are based on the requirement of national and International standards. In addition, we have internal quality standards that meet and exceed the International Standards on Quality Control.
During the Audit process, we examine the financial report of an organization - as presented in the annual report. The financial report usually includes a balance sheet, an income statement, a statement of changes in equity, a cash flow statement, and notes comprising of significant accounting policies. We will discuss ideas with you in the annual accounts in order to identify potential points of interest in an early stage and we will also look at issues that only indirectly influence the items on the annual accounts. Based on this we will give you practical advice in the field of return improvement.
Since we have a license and authority to sign and stamp for organization annual report, we can arrange this for you. We will provide the audit based on local knowledge and rules by us, which meets requirement rules, locally and internationally as the following below:
a. Statutory audit under Iraqi Unified accounting system.
b. Conversion financial statements from IFRS to Iraqi unified accounting system.
c. We can arrange the Journal entry and General Ledger as Iraqi rules.
In the current global environment that many companies operate within, there are many challenges for these companies from an accounting perspective as shareholders, regulators and other external stakeholders take a greater interest in how companies report, disclose and communicate their financial results.
With the increased scrutiny on companies financial reporting and disclosure requirements that the standard setters and regulators are requesting from companies, many businesses are often hard pressed to manage these additional requirements.
Our Accounting advisory specialists can support you in ensuring that companies can meet the additional disclosure requirements from regulators and standard setters and we have experienced professionals to help you to meet these additional demands placed on companies.
Services Offered
GAAP conversions
Transactions and financial reporting advice
Accounting advice to a restructure
Accounting standards requirements
Building Valuation
Policies and Procedures
Feasibility studies
Specialized training in ( Iraqi Chart of account, IFRS, Tax, Payroll Preparation, Analysis and Management, Advanced Financial Analysis, etc.)
By staying abreast of developments and the frequently changing rules, we ensure that you have a clear and full understanding, enabling you to make the right decisions with confidence.
With decades of tax experience, we can answer your questions, explain your obligations, and help you to plan effectively, whatever the size and needs of your business.
Nowadays keeping up to date with corporate tax compliance can be very challenging in our country with frequent changes to legislation, regulations and procedures coupled with changing tax authority practices and attitudes.
Our tax services include:
1- Monthly Social Security Services
2- Salary Tax Services
3- Corporate Tax
Every company has to deal with corporate tax returns, which depends on a number of factors. We will take care of all kinds of tax processing and declarations for your company. You can rest assured that the tax services offered by our office with the laws and regulations of the KRG. we are fully aware of the regulations regarding the corporate tax, and we are here to offer you a helping hand. our office will handle the tax timely and you will be adequately informed by our staff about the progress of your company’s tax return process.
Paying tax is an obligation of the employee, but the employer is obliged to ensure that income tax is paid. We can help you either process your employees’ income tax; process your staff salaries, or both.