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CONTINGENCY PLANNING: THE ASSURANCE OF BUSINESS CONTINUITY.
From the turn of events, learning from the previous epidemics like Ebola and SARS, most of the governments and corporations were not prepared to face a disruption of such a scale. The anticipation of such an epidemic to get out of hand was not there leaving China to struggle with it alone for several months. It is a unique situation of unplanned occurrences since the dynamics involve factors above any one country or corporation. Whereas one could have internal controls and measures most of the business disruptions may occur due to disruption of the supply chain and the market where the demand for the products decreases temporarily.
BUSINESS CONTINUITY IN FINANCIAL REPORTING
In light of the Novel Corona-Virus Pandemic, the future of most business functions continues to be uncertain. Corporate leaders are considering key issues around managing severe business shocks, recovery plans as well as keeping essential functions of the organization alive, majorly based on perspective.
ALL OUR CLIENTS COMMUNIQUE ON THE CURRENT COVID-19 PANDEMIC
In response to the corona virus pandemic, we have taken the necessary steps to comply with the WHO and MOH distancing measures. To ensure seamless communication, we advise all our clients to channel all their emails to their client contact person(s) and send a copy to info@ronalds.co.ke.
HOW TO SURVIVE IN BUSINESS AFTER TRADING DISRUPTIONS OF COVID-19
As COVID-19 continues to wreak havoc in our normal lives, from global, regional to local businesses, it is imperative that businesses have to rethink survival in order to navigate through the challenging times.
We wish to recommend some advice on how small businesses may remain afloat by being proactive towards the eminent dangers caused by COVID-19. This professional advice is general in nature and may not necessarily apply to all businesses but will be important to activate strategic thinking and business leadership in this crisis.
EXCEPTIONAL FINANCIAL SERVICES FOR THE GROWTH OF SACCO SOCIETIES IN KENYA IN 2020
YOUR ADVISORY PARTNER FOR SOUND SACCO MANAGEMENT At Ronalds LLP we recognize the economic impact of a strong co-operative sector and the role that the Kenyan cooperative sector has played in improving the lives of its members. Our understanding of this sector coupled with our culture of offering exceptional value means that we keep developing […]
SUMMARY OF THE INTERNATIONAL FINANCIAL STANDARDS- IFRS 9
Summary of the financial reporting standard IFRS 9 - Financial Instruments Welcome to Ronalds LLP IFRS bulletin. In this bulletin, we provide you with a high-level summary of the financial reporting standard IFRS 9 clearly pointing out the distinction between IFRS 9 and its predecessor, IAS 39. The International Accounting Standards Board (IASB) issued this [...] Ronald LLP is now in Uganda.
We have evolved from a small audit firm into a well recognised outfit serving international regional and local companies with different needs.
Double Taxation Agreements in Kenya
Double Taxation Agreements are treaties between two or more countries to avoid international double taxation of income and property. The main objective of DTA is to allocate the right of taxation between the engaging countries, to circumvent differences for taxpayers to have equal rights and security, and to avert tax evasion.
