PKF Corporate Profile

Accountants & business advisers

Global Expertise, Local Knowledge

2 PKF Kenya, Uganda and Rwanda

Contents

About Us 3

PKF International 4

Audit Assurance & Advisory 6

Tax Consultancy 8

Corporate Finance 10

Management Consultancy 12

Corporate Recovery and Restructuring 14

IT Consultancy 16

Financial Management Services 18

Public Sector Reforms 20

Quality Assurance 23

3PKF Kenya, Uganda and Rwanda

Our Mission• Tosupportandguideclientstoachievesuccessin

theirbusinessbyactingastheirtrustedbusinessadvisers.

• Toprovidequality,costeffective,personalisedandinnovativebusinesssolutionstomeetthechangingneedsofourclients.

• Toempowerourmanpowerthroughcontinuousprofessionaldevelopmenttofacethedynamicglobalchallenges.

OurPhilosophy• Wearecommittedtopromotinghighstandardsof

discipline,excellenceandethicsthroughadherencetothefirm’squalitystandardsandvaluecharterandthelawsofthecountryandtheprofession.

• Webelieveinrecruitingandretainingsoundprofessionalandsupportstaff,providingtrainingandopportunitiesforgrowthinastimulatingandenablingenvironment.

• Wearededicatedtomaintainingstronginternaladministration,therebyenablingprovisionofqualityserviceandensuringclientsatisfaction.

• AtPKF,relationshipsareourtoppriorityandwestronglybelievethatgoodrelationshipswithourstakeholdersareaprerequisitetooursuccess.

Wehave9fullyfledgedofficesinKenya,UgandaandRwandawithover500staffand25partnersanddirectors.

WhereveryoudobusinessaroundtheEasternAfricaregion,wecanofferyoulocalexpertisebackedupbyresourcesofaninternationalfirm.

Since1964,wehaveservedawideclientprofileacrossdiverseindustriesandsectorsinAfrica.

Thefirmpridesitselfinbeinganequalopportunity,multiculturalfirmwiththemajorityofitspartnersbornandraisedinEastAfrica.Asaresult,wehaveauniqueunderstandingofthelocalmarketsthatenablesustoofferholistic,innovativeandrelevantbusinesssolutions,takingintoaccountthedistinctmarketforcesandconstraintsthatcomeintoplaywithintheregion.

About Us

PKF InternationalPKFFirmsinEasternAfrica-Kenya,UgandaandRwanda-arememberfirmsofthePKFInternationalLimitednetworkoflegallyindependentfirms.Ourmembershipmeansthatwecan,throughcollaborationwithothermemberfirms,offersoundadviceonarangeofinternationalissues.Worldwide,thememberfirmshavepeopleworkingoutof440officesinover125countrieswithover300memberfirmsandcorrespondents.

ThePKFInternationalnetworkenjoysanenviablereputationfordynamism,decisivenessanddedication,andisregardedasanopinionformeronlocalandglobalbusinesses.

Establishedinhotelandleisureconsultingsincethe1920’s,thePKFnameisrecognisedandrespectedthroughouttheworldasamarkofquality.

PKFInternationalisanetworkmemberoftheForumofFirms,anorganisationdedicatedtoconsistentandhighqualitystandardsoffinancialreportingandauditingpracticesworldwide.

Aboveall,PKFInternationalisaforwardlooking,consensualassociationthatencouragesorganicgrowthwithinlocalmarkets.Thisempowerslocalfirmstogrowwithintheirownenvironmentwhileincreasingtheirknowledgeofglobaltrendsandclientsthroughregularinteractionwiththeirinternationalcolleagues.



“PKF is around the corner and around the world.”


Whatever your vision, your accounting and control systems need to be tailored to suit it... It is all about helping you to ensure that your creative ideas make sense financially.

Audit Assurance & Advisory We are committed to providing you with quality assurance and advice. Services such as audit, financial reporting and risk management advice give your business the stability you need to manage effectively and achieve your objectives.

Audit&AssuranceWhenyouareadecisionmaker,youneedtobesureyouareactingonreliableinformation.Youneedtobeawareofyourbusinessrisksandknowthattheyaremanagedeffectively.Youneedfaithinyourunderlyingsystemsandcontrols,andthecertaintythatyouarecompliantwithkeylegalrequirements.Moreover,youneedtobeabletoprovideyourshareholders,investorsandcustomerswiththesameconfidence.

PKFcangiveyoutheassuranceyouneed.

AdvisoryWhateveryourvision,youraccountingandcontrolsystemsneedtobetailoredtosuitit.AtPKFwecanhelpyoudesignandimproveyoursystemsandarrangementstomeetyourneeds,anticipatingproblemsandfindingsolutions.Itisabouthelpingyoutoensurethatyourcreativeideasmakesensefinancially.

Keyservicesinclude:• StatutoryAudit

• Non-StatutoryAudit

• ForensicAuditandAccounting

• CompilationofFinancialStatements

• BusinessRiskServices

• TraininginandimplementationofIFRS(InternationalFinancialReportingStandards)


Tax ConsultancyTax advisory is about helping our clients attain 100% tax compliance and ensuring that no opportunity is missed out. Our services are designed to help you grasp the complexities involved as well as keep you informed of any responsibilities and liabilities that you may need to consider from indirect taxes to direct taxes as far as the changes in legislations are concerned.

AtPKF,wehaveassembledateamofskilledandexperiencedtaxprofessionalswhospecialiseinallkeyareasoftaxationrelevanttoourregionalandinternationalclientele.Webelievethekeytoqualityservicedeliverybeginswithourpeople.Wealwaysstrivetoattractdevelopandretainhighcalibreprofessionalswhocanalwaysexceedourclients’expectations.Westrivetogaindeepinsightsofourclients’businessesandtheindustriestheybelongtosoastobeabletoofferrelevantadvice.



Whatever transaction you enter into, you can be sure there are associated tax risks and opportunities to consider.

Whatdoweoffer?Tax Advisory ServicesWeprovide:

• Taxhealthcheckreviewscoveringallaspectsoftaxationi.e.corporatetax,payrolltaxes(PAYE),withholdingtax,VAT,customsandexcise.

• Adviseonstructuringofnewbusinesses,mergersandacquisitions.

• Planningservicestoensurethatnotonlyareopportunitiesexploredbuttheyarealsoexploitedwhileensuringtaxrisksareproperlyidentifiedandmitigated.

• Trainingontaxation.

• Employeecompensationstructuringforbothlocalemployeesandexpatriates.

• VATrefundauditsandprovidecertification.

• Lobbyingservices.

Cross Border Transactions and Transfer Pricing

• Weensurethatcompaniesattaincostefficiencyandmitigatingtaxrisksincarryingoutinternationaltrade.Wewilladviseyouonvariousapplicablecustomdutiesandtaxes.

• Weadviceourclientsonnegotiatingbettertradetermsandhowtotakeadvantageofpreferentialtradingtermsaswellasmakinguseoftradeincentives.

Compliance and Process Services

• Weassistourclientstoprepare,reviewandfilefinaltaxreturns;computeandadviseonthepaymentofinstallmenttaxandadvancetax.

• Wefacilitateandcoordinatecorrespondencewiththeregionalrevenueauthoritiesandattendmeetingswiththemtofinalisetaxassessments.

• Weattendtoandprocessobjectionsasappropriatetoassessmentsfromtherevenueauthorities.

• Weapplyforwaiversincaseofimpositionofpenalties,onbehalfofourclients.

• Weprepareappealdocumentsandrepresentclientsatappealhearings.


By considering the strategic needs of your business, we can advise you on commercial and tax considerations and on fundraising options.

Corporate Finance

Turning your business dreams into a successful reality usually calls for additional finance. Acquisitions, floatations, business development and expansion may all demand extra funds and require specialist advice.

CorporateFinanceWhat we offerOurCorporateFinanceteamcandeliverthefollowingservices:

• Helpyoufindandsecurefinancefromthemostappropriatesources(includingprivateequityfirms)

• ConductFeasibilityStudiesandpreparefinancialandcashflowprojectionsandforecasts

• FinancialAnalysisandForecasts

• AssistyouinthepreparationofyourBusinessPlans

• PerformDueDiligenceinvestigations

• PerformBusinessValuations

• TransactionAdvisory

• ReportingAccountantsservices

• Provideongoingadviceandsupportwith:

- Flotations

- MergersandAcquisitions

- Post-AcquisitionSupport

- ManagementBuy-outsorBuy-ins

- SaleofBusinessesorCompanies

Wealsogiveexpertadviceon:

• Re-organisingandRestructuringexistingbusinesses.

• Privatisationofstatecorporations

• EstablishmentandStructuringofPublicPrivatePartnerships


Management ConsultancyManagement consultancy is about helping clients to improve the performance of their organisations. A good consultant helps you to fine-tune your organisation to measure success, improve efficiency, maximise performance and minimise risk. An effective service lets you know where you are, decide where you want to go and work out how to get there.



The focus is always on helping clients boost their performance by developing strategies to achieve a sustainable competitive advantage.

Whatdoweoffer?TheservicesofferedbyourManagementConsultancyteaminclude:

Organizational Development

• Developingandimplementingstrategicplans

• Developingrisk-measurementstrategies,riskmanagementplansandcrisishandling

• Helpingwiththeformulationandarticulationofthevision

• Buildingperformanceindicatorsformonitoringtheorganisation’sperformance

• Conductingorganizationalhealthassessment

• Reviewingandre-engineeringbusinessprocessesforefficiency,controlandeffectiveness

• Designingandreviewingorganisationandmanagementstructures,staffingandcompetencies

• Conductingtraininginorganizationandmanagementdevelopment

• Supportinpreparingandsubmittingbidsandproposals

Human Capital Management and Development

• Developinghumancapitalstrategicplans

• ManpowerPlanning

• ConductingJobAnalysisandEvaluationincludinggradingstructureswithcareerpaths

• ExecutiveSearches,RecruitmentandSecondment

• DefiningHumanResourcePoliciesandProcedures

• Remunerationandperformancebasedrewardandbenefitstructures

• Salarysurveysanddevelopmentofremunerationadministrativepolicies

Environmental Management

• EnvironmentalImpactAssessments

• EnvironmentalAudits

• EnvironmentalDueDiligence

• HealthandSafetyAudit


Corporate Recovery and RestructuringFinancial misfortune can strike any business or individual, with potentially serious and far-reaching consequences. However an experienced adviser can help the business through this stressful time, minimise the impact and help it on the road to recovery, while securing the best achievable outcome for creditors and other stakeholders.

“PKF advisers can identify the problems, stem the decline and stabilize the business”

CorporateRecovery

andRestructuring

What we offer

APKFcorporaterecoveryandrestructuringteamcanhelpyouthroughsituationsincluding:

• Corporaterestructuring

• Negotiationsandarrangementswithcreditors

• Receivership

• Corporateliquidation

• Seekingalternativestoinsolvency.


IT Consultancy

Technology alone is not enough - an organisation must apply technology effectively for it to contribute to success. With the right results-focused consulting, organisations can get to grips with Information Technology (IT) and improve its role and utility as a key business asset.

We provide a range of services to help you achieve both short and long-term business objectives.



WhatweofferOurrangeofservicesspantheentireinformationsystemslifecycle.Ourserviceofferingsarecategorisedintothefollowingbroadfocusareas:

1.ProjectManagement

2. ITStrategyformulation

3. ITPolicyformulation

4. ITAssuranceaudits

5. ITsecurityassessments

6.Disasterrecoveryplanning

7.Technologyriskassessments.

IT solutions have to be both practical and affordable, as well as tailored specifically to you.

18 PKF Kenya, Uganda and Rwanda18

Our job is to make your money work hard for you.

Good financial management consulting can be summed up in one word: results.

Financial Management ServicesMany organisations and short term projects find it easier to outsource all or part of their financial or administrative functions.


FinancialManagementServices

What we offer

• Financialmanagementagencyservices,includingtreasuryfunctions

• Payrollmanagementanddisbursement

• Processingandassistanceinregistrationofstatutoryrequirementssuchas:

- PersonalIdentificationNumber(PIN),

- NationalSocialSecurityFund(NSSF)andNational HospitalInsuranceFund(NHIF)registration

• Monthlytaxcomplianceservices

• Bookkeepingandfinancialreporting

• Formationofoffshorecompaniesandtrusts

• Creationofsavingsandpensionplans

• Fundsandportfoliomanagement

• Adviseonhowtostructurepersonalinsuranceandrelatedfinancialadvice

• Successionplanning


Public Sector ReformsThe main challenge facing governments in Africa is the drive to achieve Millennium Development Goals and Poverty Reduction Strategies. In tackling these challenges, governments in Africa have initiated aggressive public sector reform programmes that are a delicate balance between matching local priorities and “best international practice” on public sector reform.

Our approachWeworkwithglobalPKFfirmstooffersolutionsbasedonbestinternationalpracticesderivedfromassignmentscarriedoutinotherpartsoftheworldwherePKFhassuccessfullyhelpedgovernmentsimplementtheirreformagenda.



WhatweofferThefocusonourworkinthePublicSectorReformsistohelpgovernmentsimproveperformance,meetpolicyandservicedeliverygoalsefficiently,andbeaccountableandresponsivetotheneedsofthecitizenry.

Weworkwiththoseresponsibleforsettingandimplementinggovernment-widepolicy:devolvedgovernments,centralgovernments,lineministriesandgovernmentimplementingagencies.

Ourservicesinclude:

• PublicFinancialManagement

• PublicExpenditureandFinancialAccountability

• PublicProcurementAdvisory

• PolicyResearchandAnalysis

• PublicPrivatePartnerships

• InstitutionalAssessmentsandCapacityBuilding

• Governance,PolicyAdviceandStrategicPlanning

• FiduciaryRiskManagement

• GovernanceTransformation/Performance

• GovernanceTrainingProgrammes

We simplify public sector transformation by providing best-value, tailored solutions that resonate with the needs of governments and citizenry.

PKF Kenya, Uganda and Rwanda

We cannot leave a greater legacy than our quality service.

22


Quality Assurance ContinuingProfessionalEducation(CPE)

PKF Quality Control Procedures stipulate that all PKF international member firms establish a pertinent CPE programme for all partners and staff. Key education, qualification, experience and CPE standards are set for each grade of staff, taking into account the firms requirements, local statutory and professional body requirements. CPE is then provided to all partners and staff by means of participation in international conferences and regional and domestic training programmes.

Peer ReviewThepartnersconductpeerreviewsofallofficesperiodically.Thereviewsincludeformalreportingonthesystemofqualitycontrolinoperation,andadetailedanalysisontheresultsofthereview,includinganyemergingbestpracticesthatmaybereplicatedacrossthenetworkoranyremedialactionrecommended.

Skills Transfer ProgrammePKFinternationalnetworkencouragesstaffsecondmentsandskillsworkshopseminarsamongstitsofficesbothonaformalandaninformalbasistohelpmaintaininternationalstandardsofwork.

Association of Chartered Certified Accountants - ACCAWeareaPlatinumACCAApprovedEmployerforbothProfessionalDevelopmentandTraineeDevelopment.

Platinumstatusisthehighestlevelattainableundertheschemeandunderlinesourseriouscommitmenttodevelopingourpeople.

KENYA

NairobiKalamu House, Grevillea Grove, Off Brookside DriveP. O. Box 14077 - 00800NairobiTel: (+254 20) 4270000Cell: (+254) 720606616,

(+254) 735337766Fax: (+254 20) 4447233

E-mail: [email protected]

Mombasa1st Floor, Pereira BuildingPramukh Swami Maharaj RoadP. O. Box 90553 - 80100MombasaTel: (+254 41) 2226422/3,

(+254 41) 2315846/97Fax: (+254 41) 2224377


Kisumu1st Floor, Bon Accord HouseOginga Odinga RoadP. O. Box 187 - 40100KisumuTel: (+254 57) 2505787Cell: (+254) 736221122 (+254) 726793355


Nakuru3rd Floor, CK Patel BuildingKenyatta AvenueP. O. Box 1236 - 20100NakuruTel: (+254 51) 2212195,

(+254 51) 2211906Fax: (+254 51) 2217354,

(+254 51) 2214001


MalindiMalindi ComplexLamu RoadP O Box 5572 - 80200Malindi Tel: (+254 042) 20701Fax: (+254 042) 30862


UGANDA

KampalaKalamu House,Plot 1B Kira RoadP. O. Box 24544KampalaTel: (+256 41) 4341523/5Fax: (+256 41) 4251370


RWANDA

Kigali9901 Nyarutarama Road (Next to Tigo Offices)P. O. Box 341KigaliTel: (+250) 500126, (+250) 788454746


PKF Kenya, Uganda and Rwanda is a member firm of the PKF International Limited network of legally independent firms and does not accept any responsibility or liability for the actions or inactions on the part of any other individual member firm or firms.

www.pkfea.com

OTHER COUNTRIES IN AFRICA:

Burundi, Democratic Republic of Congo, Ethiopia, South Sudan and Tanzania.For service enquiries in the above countries, please contact Atul Shah, Nairobi. Email: [email protected]

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