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accounts

Accounting & Assurance

Where we undertake the actual posting of entries in the accounting system either on client site or at our site in which case the client has to avail the necessary documentation to us. At the end of every month, we provide the client with specific reports necessary for management decision making. We also provide detailed management accounts with notes and explanations on monthly or quarterly basis as may be agreed.
  • Accounts Review

    This is a key component of accountancy that adds value by supporting the client accounting staff by reviewing work done on a monthly basis and reporting to the management the extend of accuracy and reliability of the work. We also report on the non compliance if any to accounting standards and tax regulations.

  • Regularize Accounting Procedures

    This is significant as it helps the client firm to regularize their accounting procedures and mitigate on risks and control weaknesses the firm may be exposed to with government authorities by virtue of such non compliance. In all our assignments we issue detailed narrative reports on our findings and recommendations on system enhancement to the client management.

statutory

Statutory & External Audits

Statutory audit provides the highest level of assurance. It is a methodical review and objective examination of the financial statements, including the verification of specific information as determined by the auditor or as established by general practice.
  • Guided by Best Practice

    Our work includes a review of internal controls, testing of selected transactions, and communication with third parties. Based on our findings, we issue a report on whether the financial statements are fairly stated and free of material misstatement.

  • Gain Deeper Insights

    Internal audit is an oversight function, an independent appraisal activity established within an organization, and provides assurance to the shareholders, board and management by reporting on:

    • The effectiveness of the internal controls
    • Reliability of the management information systems
    • Management & control of the organizations assets
    • Compliance with applicable legislations and regulations
internal

Internal & Special Audits

We provide internal audit solutions which range from the total outsourcing of the internal audit function to outsourcing its supervision or setting out an independent internal audit function. This is extended to advising clients to make effective use of data mining tools and computer assisted auditing techniques.
  • Performance Audits

    This entails an independent examination of a program, function, operation or the management systems and procedures of a governmental or non-profit entity which is intended to assess whether the entity is achieving economy, efficiency and effectiveness in the employment of the available resources. It also seeks to provide new information, analysis or insights and where appropriate, make recommendations for improvement.

  • Special Audits

    Usually undertaken on specific requests by a client where it suspects some fraud or misappropriation. At Ochako & Associates, we provide this special service relying on a team of experts to handle the assignment.

corporate

Corporate Restructuring

In the ever changing business world, restructuring to reposition the company may become necessary. We offer assistance in reorganizing the ownership, operational or other structure of the company for the purpose of making it more profitable or better organized to meet its present needs.
advisory

Financial Advisory

Ochako & Associates is also experienced in offering assistance to companies faced with opportunities for growth such as a merger/acquisition. Our team has extensive business knowledge and the compliance know-how along with access to all the necessary tools.
tax

Tax Consulting & Advisory

Tax advice and planning are of universal business importance, ensuring that the tax burden is not higher than it should be. The growing complexity of tax regimes and constant changes to tax laws, however, make it almost impossible for any individual to keep pace with the evolving world of international taxation.
  • Tax Optimization

    Our Tax division recognizing that taxation constitutes a major business cost is able to provide advisory, agency and tax compliance services in areas of Income and Corporation tax, Value Added Tax, Custom and Excise tax and other Direct and Indirect taxes.

  • Service Diversity

    The range of services provided by our tax division includes, advising on tax planning, in terms of:

    • Business tax health check for purposes of advising on compliance and tax planning.
    • Acting as tax agents for submission of tax returns, as well as attending to routine queries from tax authorities.
    • Registering with tax authorities and assisting in dealing with income tax, value added tax and pay as you earn audits and investigations.
    • VAT Audit and facilitation of refunds where applicable.
    • Assisting in getting tax exemption status for qualifying clients.
    • Issuing of audit certificates for VAT refund claims
    • Tax seminars and client updates.