Our Services | Audit and Accounting Firm in Kenya

Audit & Assurance

The importance of Audit and Assurance services to organizations today cannot be overstated. From meeting statutory obligations to giving your stakeholders confidence in you business, routine audit and assurance services has become an inevitable activity for every organization.

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Statutory / External Audits

Many organizations are not legally required to undertake an audit, however others have a statutory obligation.Whichever the case, External Audit’s role is to provide an assurance that the financial statements presented by the management represent a true and fair view financial position of the organisation.

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Internal Audit

Internal Audit helps management to understand what the organization’s key risks to success of their strategy are and subsequently then provide assurance that the key controls to managing those risks are sound. Our Internal Audit approach is agile, helping us to understand all the issues..

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Forensic Audit

Today, fraud is more sophisticated and devastating than ever. Morden fraud has become more complicated requiring a special skill to be able to unearth fraud, build a compelling case where needed and mitigating risks. At Ronalds LLP, we recognize that every fraud is unique, as each fraud has its own set of facts and details

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Inventory Audit

Inventory is generally considered a high risk account balance because it has a direct impact on profit. For companies whose principal activities are mainly trading, import or export of goods and manufacturing, there will be high volume of inventory movements which creates the risk of misstatement of these account balances.

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Information System Audits

Adoption of Information Technology (IT) in organizations has been growing at a rapid pace. The use of technology has evolved from the automation of structured processes to systems that are truly revolutionary in that they introduce change into the fundamental business procedures.

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Company Secretarial Services

Our qualified company secretaries combine practical experience with technical knowledge of relevant areas of regulation. We keep up-to-date with developments through our membership of professional groups. As a team, we are familiar with a wide range of industry sectors and services, understanding the specific needs of each.

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Cloud Accounting Solutions

Over the course of the last ten years, cloud computing has evolved from being something that service providers told companies they should be adopting, to the very lifeblood that runs through most modern enterprises. Today organizations have become accustomed to ease of information storage, sharing and accessibility.

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Training and Capacity Building

Training and capacity building are key drivers to achieving organization growth and sustainability. We offer practical skills on various areas including finance, Governance, Tax, contemporary issues in accounting, Strategic management, Cyber security among others.

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Deal Advisory

More than ever, businesses are looking to get maximum returns on investments on behalf of their stakeholders. At Ronalds, we see life through the investor’s lenses while proactively working on how entities will sell, buy, raise funds, synergize and turn around in order to create or maintain an optimal value and impact.

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Corporate Restructuring & Feasibility Analysis

In the ever changing business world, restructuring to re-position 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.

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Financial Advisory Services

Sound financial management ensures that your organisation is able to meet day-to-day expenses, having enough product on hand to meet customer demand, having enough money in the bank to pay your staff on time and having enough capital ready when your business has the opportunity to grow.

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Business Valuation

Business valuation is the process and set of procedures used to estimate the economic value of an owner’s interest in a business. Our   team uses various  tools  of the  financial  market to determine the price interested parties will pay or receive to effect  the  sale of a business.

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Due diligence

This is  a deliberate and critical component of advisory in  which  we  undertake  to  evaluate the business industry position or status of an entity to uncover any risk, interests or opportunities that  may exist  in order to  help  the  client  make  an  informed business decision.

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Strategic Planning &Management

Our strategic planning division’s purpose is to help companies in the process of defining their strategy, or direction, and make decision on allocating their resources in the pursuit of profitability.

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Human Resource Management

We offer support in the delivery of a client’s HR strategy and implementation of   systems and procedures in the areas of recruitment, training, assessment and rewarding of employees while at the same time ensuring compliance with  employment and labour laws.

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Bookkeeping &Accountancy

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.

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Payroll Administration

This is where we undertake the management of client payroll by ensuring that payroll accounting is done accurately and in a timely manner to   meet both the client needs and  the regulatory compliance requirements. We also conduct specialized payroll reviews to ensure compliance to the Income Tax Act.

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Accounts Review and Compilation

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.

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International Taxation

Ronalds LLP has entered into various collaborations and associations with consultants and organization all over the world. With such kind of arrangements, we are able to provide real-time and accurate advice of tax matters in jurisdiction all over the world.

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Transfer Pricing

Transfer pricing is the setting of prices of controlled transactions at arm’s length. A transfer pricing policy is a strategic tool required by the management of related companies to support their cross-border transactions and compliance with the relevant revenue authorities.

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Tax Planning

Effective tax advice and planning that is tailored to the businesses needs and realities can help organizations adapt to all of the environments in which they operate, respond quickly to changes, mitigate risks and even gain a competitive edge.

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Tax Health Check

Tax health check is a methodological approach that we adopt in reviewing financial transactions with an objective of advising on the nature and extent of the exposure of organizations as regards to tax liabilities.

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Annual tax compliance

Our vast experience in this field has enabled us to deal with the tax affairs of corporate as well as individuals in various industries and sectors.We offer:

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Audit and Accounting Firm in Kenya

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