- Financial Audit services: Financial audit, Management Audit, Systems Audit and other specialized audits. The audit assignments are carried out for Donor requirements, Statutory Compliance as well as compliance with Generally Accepted Auditing Standards. Our findings are communicated on time in audit reports, financial statements and accounts. As an important aspect for clients’ advice and reporting, we prepare a management letter for each assignment, highlighting areas that need attention and possible action as well as recommend possible solutions as contained in the letter. We are always at hand to assist the clients to implement the recommendations as desired. Target clients: Companies, NGOs, Development Organisation, Christian Organisations (hospitals) Microfinance Institutions and SACCOs, among others.
- Information Systems Audit: We carry out an examination of the management controls within our Client’s Information technology (IT) infrastructure. The evaluation of obtained evidence determines if the information systems are safeguarding assets, maintaining data integrity, and operating effectively to achieve the organization’s goals or objectives. The purposes of an IT audit is to evaluate the system’s internal control design and effectiveness. This includes, but is not limited to, efficiency and security protocols, development processes, and IT governance or oversight. Installing controls are necessary but not sufficient to provide adequate security. People responsible for security must consider if the controls are installed as intended, if they are effective if any breach in security has occurred and if so, what actions can be done to prevent future breaches. In the Information Systems (IS) environment, the audit is an examination of information systems, their inputs, outputs, and processing.
- Accountancy Services: Accounting services will entail designing of accounting system and documentation of transactions, with relevant internal control features such as authorisation, approval and coding. The main output of accounting in form of computerised reports would include; General ledger, Bank reconciliation, Accounts receivable, Accounts payable, Inventory report, Payroll, Fixed assets register, Cash flow projections, Financial statements, Financial variance and budgetary analysis, Monthly and Annual reports.Target clients: Small and Medium Size (SMEs), Business, Microfinance Institution, Non-Governmental Institution etc.
- Taxation: Corporate and individual tax obligations, tax planning, compliance and returns for residents, nationals and expatriates. This incorporates benefits, tax exceptions as well as advisory services in all aspects.Target clients: Development organisations, NGOs, Charities, Companies, SMEs, Programmes and Individuals.(Local and Expatriates).
Mr. Ben R. N. Mbai, Managing Partner, Mbai Ndeteni & Associates