Outsourced Accounting & Audit Services
Outsourced accounting services
Boikano Accountants Incorporated offers a wide range of services to our individual and business clients. Because our firm is relatively small, our clients benefit by getting personalized, quality service that is beyond comparison. Our firm provides a full range of cost effective accounting services including the following:
- General ledger & financial statement preparation
- Bookkeeping (Monthly/Quarterly/Annually)
- Production of monthly management accounts
- Accounting system setup for new businesses
- Computerized payroll services
- Business tax return preparation
- Personal financial statements
- Financial Statement Information Analysis and advisory
- Cash flow forecasting
- Public sector accounting services, in compliance with the PFMA & MFMA (GRAP)
- Accounting for payroll transactions
Taxation Services
We have assigned a team that deal with business and personal tax planning, as well as directors and employment related solutions. Our team committed to ensuring that you receive the most up-to-date information relating to your tax needs. Whether you are a business or an individual, our teams will give you a practical and direct advice, in delivering our solutions.
- Tax compliance and administration
- Completion and submission of Income Tax returns
- Calculation of tax liability
- Calculation and submission of Provisional tax
- Application for extension for submission of Income Tax Returns
- Tax Clearance Certificates for Tenders
- Tax Directives
- Salary Structuring
- Income Tax Registration- VAT, PAYE, UIF, etc
- Exemption certificate for Employee Tax
- Application for exemption from Income Tax
- Auditing Income Tax assessments
- Objections and appeal Business Tax
- PAYE reviews
Internal Audit Services–Full or Co-sourced Services
Through the risk management and internal audit expertise of our professionals, we have gained unique perspectives on the challenges faced by our clients. We use these perspectives not only to solve regulatory, risk and compliance problems, but also to help our clients become more effective and productive. We have sspecialized with the public sector internal audit services, such as:
- Municipal Finance Management Act compliance
- Public Finance Management Act compliance
- Treasury Regulations compliance and
- King code best practices compliance
Audit Planning: Risk Assessment
Our internal audit Services begins with the Risk Assessment Phase at the beginning of each calendar year. Risk assessment is a process whereby various business processes applicable to the organizations are ranked according to risk to the organization. Input into the risk assessment process is solicited from various the Board members and Management and other Stakeholders. Once input has been received and consolidated, each business process is given a score. A cumulative risk score is then determined for each business process. All applicable business processes are then ranked from highest risk (largest score) to lowest risk (smallest score). This ranking drives the development of the new audit plan.
Audit Planning: Annual Audit Plan
The three year rolling internal audit plan, is prepared upon completion of the Risk Assessment Phase. The annual audit plan is driven by two key factors: (1) risk assessment results and (2) Internal Audit resources. The goal is to address the highest risk areas at the organizations.
Our Summerised Internal Audit services provide the following benefits:
- Assurance to external parties and compliance with applicable laws and regulations
- A completely independent process and information technology (IT) internal audit sourcing capabilities that use industry leading practices.
- Deep technical and analytical skills related to core process and related control assessments
- Elimination of time and cost associated with sourcing, hiring, training and retaining skilled personnel in non-core competency areas.
- Management’s ability to focus on more strategic initiatives, improving resource utilization
Internal Auditing-Consulting Services
We partner with management, Board members and outside counsel to help organizations with the advisory services. We provides advisory services to the Board members and management in various areas. Advisory services are activities designed to mitigate risk, improve operations, and/or assist management in achieving its business objectives, in which the nature and scope of the engagements are agreed upon with the client. Examples of services include:
- Systems development and implementation
- Financial and Operational processes
- Business Process improvement
- Impact/Institutional analysis Assessment/Evaluation
- Counseling & Facilitation
- Strategy Management
- Business Planning and Analysis
- Integrated Measurement and Monitoring
- Financial Performance Management
Audit Committee Advisory Services-Public Sectors
Audit committee member dedication, independence in thought, professional mind-set and strong knowledge of the company are critical to the audit committee fiduciary responsibility. Audit committees often need to consult independent advisors on matters related to internal audit, business risk management and corporate governance. We have the experience and expertise to advise audit committees on a range of topics including:
- Structure and effectiveness of internal audit-related activities
- Risk assessment evaluation
- Resource review
- Continuing education
Information Technology Effectiveness & Control –(IT Audit Services)
We partner with CIOs, CFOs and other executives to ensure their organizations maximize the return on information systems investments, while at the same time minimizing their risks. We using strong IT governance to ensure alignment with business strategies.
Our Services Include:
- Business Continuity
- IT Governance & Risk Management
- IT Process Improvement
- Security & Privacy Management
- Application Controls Effectiveness
- Enterprise Information Management
