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Financial Services Risk Management

From enterprise risk management frameworks to credit risk, market risk, operational risk, regulatory compliance and treasury function programs, we can help.

As the risk domain continues to expand, risk management executives in financial services play a more visible and important role within organizations.

You need to be proactive. You need to understand how organizational, process and technology components can properly combine to enhance risk management. But there are other initiatives and pressures on your time.

As one of the leading providers of integrated risk management and regulatory advisory services to the banking and capital markets, insurance, asset management, energy and corporate treasury sectors, we can help you tackle the numerous challenges that come with risk management.

Our team of Risk Management professionals provides broad lifecycle advisory services, from strategy to assisting with implementation, delivered by global, multi-disciplinary risk service teams. Practical guidance and a truly integrated service approach is how we can make a difference - and help you achieve your business strategies . Staffed by experienced risk management professionals, quantitative analysts, risk technology architects, control professionals and former regulators, our team's approach to risk management and compliance strategies helps you to better assess and improve your risk and regulatory framework, improve the integration of risk management practices within operations, grow revenue and manage risk to increase shareholder value.

Fraud Investigation & Dispute Services

Our Fraud Investigation & Dispute professionals can help you address the challenges and risks of doing business in today's environment. We help companies find ways to manage risk, investigate alleged misconduct, and measure the financial implications of disputes. We investigate unusual financial activity, perform electronic evidence discovery, and review financial reports — all with the sensitivity and urgency you require. We mainly focus in;

Anti-Fraud Corporate Compliance  Fraud & Investigations, Dispute Services

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.

Quality control standards
Audit Procedures Manual
Comprehensive audit procedures manuals are used in FCK. The use of standardised audit procedures ensures that work is carried out in accordance with the outlined standards
Continuing Professional Education
FCK & Associates quality control standards stipulate that all staff under the supervision of the technical and training partner, a pertinent CPE programme. In addition to meeting the CPE standards of the firm, the programme is required to comply with the requirements of professional bodies. CPE is provided to all staff by participation in regional conferences and seminars. In addition, strict supervision of staff at the field level ensures that adequate, on the field training, is provided to staff on a continuous basis.

Staff involved in industry specific audits is required to undergo rigorous training to ensure that they are proficient with the operations, risks, legislation and regulations governing these industries. In addition to the audit manual, we have developed comprehensive audit and procedures manuals for industry specific audits in high risk sectors such as banking and insurance.
Peer Review
FCK & Associates technical and quality control team conducts reviews internally on a quarterly basis. The review includes formal reporting on the system of quality control in operation, and a detailed analysis on the results of the review including any emerging best practices that may be replicated.
Skills Transfer Programme
FCK & Associates encourages staff training programs, skills workshops and seminars internally, both on a formal and informal basis to help maintain international standards of work.