internal Audit | Audit. Tax. Advisory

End-Year Procedures for SME’s; Critical Considerations

Are you a small business and you are in the verge of doing your closing period of the financials? Year-end closing is the process in which companies inspect and update their accounting records (“the books”) at the end of the fiscal year. This is the critical final step in the company’s annual financial reporting process. […]

SME INVENTORY MANAGEMENT TECHNIQUES

Inventory Management for SMEs Small and Medium Enterprises (SME) are the backbone of the Kenyan economy contributing up to 40% of its Gross Domestic Product (GDP); Inventory management techniques are equally are the heart of most businesses and they fall under different categories i.e. Raw Materials, Work in Progress (WIP) Finished Goods Packaging Repair and […]

Internal Audit and Corporate Governance

Internal Audit and Corporate Governance in Kenya The synergy of efficient and ethical corporate governance and internal audit function is not only vital but also fatal for shareholders and various stakeholders. This synergy compromise was recently echoed when a case of Flying Squad intercept Ksh.2 billion in a safe inside Barclays Bank Kenya, nevertheless, two […]

The Essence of Risk Management in SACCOs

The Essence of Risk Management in SACCOs

Risk refers to the possibility that the outcome of an action or event could bring adverse impacts on Sacco’s capital, earnings, or viability. Such outcomes could either result to direct loss of earnings and erosion of capital or may result in the imposition of operational or financial constraints on Sacco’s ability to meet its business […]

Audit. Tax. Advisory

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