our Services
Our Firm’s objective is to maintain a system of quality control in compliance with the International Standard on Quality Management (ISQM) (previously International Standard on Quality Control (ISQC) which will provide reasonable assurance that;
• The Firm and its personnel comply with professional standards and applicable legal and regulatory requirements. • Reports issued by the Firm or engagement partners are appropriate in the circumstances. Further, as part of our Firm’s policies and procedures, we ensure we are in compliance with the International Ethics Standards Board for Accountants (IESBA) Code of Ethics for Professional Accountants as it relates to Independence. Also, we ensure continued compliance with the IESBA Code, pertaining to our professional responsibilities and the protection of our clients, such that the affairs of our clients remain confidential. Confidential information refers to any information about our clients which comes to an individual’s attention as a result of his or her association with the Firm unless such information is publicly available.
These quality standards are taken seriously by the Firm and we ensure they reinforce all of our services interactions; internal & external.
Accounting
We provide the most basic accounting function of bookkeeping which involves tracking and maintaining a company's financial records, including revenue and spending, monthly accounting, and cash flow forecasting to produce accurate financial records and maintain efficient recordkeeping practices. We are also well versed in the popular accounting software packages such as Accpac, Sage Accpac, and Quickbooks.
auditing, assurance & related services
auditing
The purpose of an audit is to enhance the degree of confidence for the users of the financial statements through the expression of an opinion on whether the financial statements fairly present, in all material respects, the financial position, results of operations, and cash flows of the Company in accordance with International Financial Reporting Standards (IFRS) or the International Financial Reporting Standard for Small and Medium-sized Entities (IFRS for SMEs). In planning our audit, we will consider the level of audit work required to support our opinion, including each of the following matters:
1. We shall communicate with those charged with governance the responsibilities of the auditor in relation to the financial statement audit.
2. We shall communicate with those charged with governance an overview of the planned scope and timing of the audit.
As part of our audit planning, we will identify significant financial reporting risks that, by their nature, require special audit consideration. By focusing on these risks, we are able to target our procedures and deliver a high-quality audit that is both efficient and effective.
assurance
Assurance engagements other than audits involve those engagements where the Firm performs a review of financial statements so as to enhance the degree of confidence of intended users regarding the preparation of an entity’s financial statements in accordance with an applicable financial reporting framework. It also can include reviews of other historical information.
related services
We also comfortably perform certain procedures concerning individual items of financial data (for example, accounts payable, accounts receivable, purchases from related parties, and sales and profits of a segment of an entity), a financial statement (for example, a balance sheet) or even a complete set of financial statements. This type of engagement is referred to as agreed-upon procedures. The objective is for us to carry out procedures of an audit nature to which the Firm and your entity and any appropriate third parties have agreed and to report on factual findings.
management consulting
Our main focus is to work primarily with the leadership of both
micro and small and medium-sized entities to assess their company and identify problems, gather information, and provide/implement solutions. Our expertise in the area extends to providing advisory-type services in mergers, acquisitions, and insolvencies.
taxation
Our service focuses on the corporation and individual local tax
returns. Our tax advisory service includes analysing financial and tax problems, formulating solutions, and making recommendations designed to provide advice on taxation for clients ranging from individuals to businesses.
Our Firm is competent and well-versed in the Barbados Tax
requirements and compliance rules and will be able to provide high-quality and timely service in this area.