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Our Audit Methodology
We appreciate that each audit assignment we undertake has different aspects to consider e.g. the nature and size of the business, the management style, the economic environment in which it operates and the legal reporting requirements, all of which require an exercise of judgement in formulating our approach, rather than following a rigid set of procedures.

Our audit is conducted in accordance with the International Standards on Auditing and we ensure that all work carried out is planned, controlled, recorded and reviewed and complies with our quality control standards.

True and fair view -The auditor's opinion states whether the financial statements present a true and fair view. True and fair means that the accounts do not contain any material misstatements and are prepared in accordance with an identified financial framework.

Management involvement -Throughout the audit process we will keep the management informed of progress and problems encountered. If any problems are encountered that could impact on our audit opinion, we will inform management at the earliest opportunity and advise them on what they should do to avoid qualification of the accounts.

Assistance -Although it is management's task to prepare financial statements, we shall provide necessary assistance to ensure that the financial statements are, as far as possible, in accordance with internationally accepted accounting principles and donor requirements.

Pay As You Earn (PAYE)

Please find below a summary of the important payroll tax issued. PAYE tax deducted is paid to the Commissioner Domestic Direct Taxes 15 days after the end of the month to which the deductions relates. Employment income means any income derived by an employee from any employment and includes the following amounts, whether of revenue or capital nature; any wages, salary; leave pay, payment in lieu of leave, overtime pay, fees, commission, gratuity, onus or the amount of any traveling, entertainment, utilities, cost of living, disturbance allowance or any other allowance.

The value of any benefits in kind granted to an employee also construes a taxable benefit and    these     include but not exclusively the following:-

Housing allowance
The full amount of housing allowance is taxable on the recipient. If an employer provides to an employee accommodation or housing other than house allowances, the taxable benefit on the employee is the lesser of:-

the market rent of the accommodation or housing reduced by any payment made by the employee for the benefit; or fifteen per cent (15%) of the employment income, including the amount referred to in (a) above paid by the employer to the employee for the period in which the accommodation or housing was provided.

Please note that costs incurred by employers to house their employees are now tax deductible in the tax computation of the employer company.

Taxable benefits
Housekeeper, chauffeur, or other domestic assistants

The value of the benefit is the total employment income paid to the domestic assistants in respect of the services rendered to the employee, reduced by any payment made by the employee for the benefit.

Provision of utilities in respect of the employee’s residenceThe value of the benefit is the cost to the employer of providing the utilities reduced by any consideration paid by the employee for the utilities.

Audit and Assurance
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Our Audit Methodology
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Our Team