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Audit: Firm Profile and Capacity Statement
Audit: Firm Profile and Capacity Statement
TAX
ADVISORY
Me e ti n g o ur cl ie n t s ’ hi g he s t ex p ec t at i o n s is ou r s t a nd a rd .. . .. . .
. .. . .. . e x cee di n g t h e m is o ur g o a l.
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Table of Contents
Assurance/Audit ............................................................................................................. 7
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1. ABOUT PARKER RANDALL INTERNATIONAL
A leading global network of Audit, Tax and Advisory firms
Key regions have been established and are respectively coordinated by Regional
Executives (Vice presidents) as follows: Europe, Latin America, South East Asia,
Middle East, Africa and North America. Our regional structure is designed to align
our local firm expertise with the efficiencies of regional collaboration, technical
expertise and professional support. Working together, exchanging ideas and
discussing approaches to new challenges are an invaluable part of our activities. To
this end, Parker Randall International has invested heavily in communications and
technology aimed at providing the appropriate level of experience necessary for the
delivery of client service.
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Parker Randall Africa Sub-Sahara
Currently, we have member firms in and presence is expected to grow in other key
economic centres across Africa
Kenya Botswana
Nigeria Rwanda
Mauritius Somalia
Egypt Zimbabwe
Sudan
We are a firm of professionals, who are committed to deliver quality service through highly
integrated global methodologies developed by Parker Randall International. Our partners
have collectively over fifty years of professional experience and practice in the region. Parker
Randall Eastern Africa has its headquarters in Nairobi, Kenya.
Apart from providing services in Rwanda and Kenya, Parker Randall Eastern Africa will
provide services to the following countries:
Uganda
Tanzania
Burundi
South Sudan
DR Congo
Zambia
Somalia & Somaliland
Ethiopia
Djibouti
Eritrea
West Africa Francophone
countries
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Our Nairobi office forms the nucleus of the Eastern Africa practice. It is here that our skilled
and most experiences professionals are located. This has been done to facilitate the creation,
at short notice, of multidisciplinary teams that can provide any professional services to any
part of the region and Africa at large.
We look to evolving technology and relentlessly pursue ways to increase the quality and
diversity of our offering by drawing upon a growing intellectual base of skills and
resources from the network.
The importance that we place on Partner and senior staff involvement in our client work
means that we engage clients on a wide range of issues that are seen as a source and
sounding board for ideas. Our responses to clients’ issues are timely, technically robust
and pragmatic, as well as being clear and understandable. Review and learning from
experience are important to us.
OUR MISSION:
OUR VISION To be the most reliable firm in
To be the leading business delivering value, innovation and
advisory firm in Africa quality to our clients by nurturing
a self-driven team with a passion
for sustainability of nature.
-
Our Core Values
To achieve our vision and mission we have identified a set of core values that define us and
our approach to our work, specifically:
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3. OUR SERVICES
In today’s business world, staying competitive means striking the right balance
between risk and reward. At Parker Randall Eastern Africa, we provide services to help
you retain the confidence of investors, manage your risk, and strengthen your controls.
Assurance/Audit
The Assurance practice helps clients manage
risk so they can focus on their core
businesses. By personally understanding
each client’s business, it converts
information into insights to uncover hidden
opportunities to improve client efficiency and
performance and deliver high quality
professional services with a modern, dynamic
and fresh approach.
The financial statement audit is the cornerstone of Assurance Services. Our audit
methodology is a fully risk-based methodology for financial statement audits. Our
proprietary software tools and knowledge-based applications bring the power of
knowledge to your audit. Our professionals are equipped with comprehensive
information on industry trends and the business issues that increase risk to your
organization.
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Taxation Services
Parker Randall Eastern Africa works
with local and multinational
corporations to help them align their
taxation strategy with their business
strategy. Our tax professionals team
with other counterparts across the
region and around the world to help
clients recognize tax consequences of
business moves, support and advocate their tax position in the following service lines:-
Tax Services
Corporate Tax Computation
Value Added Tax (VAT) Audits
Customs and Excise Duty
Tax Refunds
Tax Compliance Audits
Personal Tax
Business Tax Health Check
Exemption Certificate Application
Country Tax Advisory
Cross-Border Tax Advisory
Transaction Tax
Compliance Services
Transfer Pricing
Compliance & Reporting
Employee Mobility Tax Compliance
Executive Compensation (Tax Issues)
We help clients keep up to date with compliance requirements. We
undertake regular tax compliance audits to detect where things can go
wrong and more importantly how to avoid them. Where necessary we
provide a professional presence to help our clients deal with any queries
which the Revenue Authority Audit officials may have.
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We also organize tax training, seminars, lectures and workshops for
updates of current national, regional and global tax developments both
on a country and regional basis as well as tax planning in the current
economic environment.
Advisory Services
PREA’s Advisory Service Practice works with
clients to help them manage challenges and
complexity in a business environment affected
by competitive disruptions, new technologies,
shifting regulations, customer demands, and
changing risk landscape. We are passionate
about contributing to our clients' long-term
success and competitive strength by providing
and helping them to implement sustainable
impactful solutions that drive change to
improves performance.
With multi-sector expertise in strategy, operations, organization, transaction &
restructuring, risk management and information technology, we bring a full
spectrum of advisory capabilities to every client engagement.
Our Advisory Service offering focus in three key areas of core competency:
1. Management Consulting
2. Transaction Advisory services
3. Risk consulting services
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MANAGEMENT CONSULTING SERVICES
HUMAN CAPITAL CONSULTING
Our professionals have the skills and experience to help enhance organizational
effectiveness and empower clients to successfully manage change. Our human
resource services include organizational structure transformation, recruitment
services, performance management, personnel policies and strategies, salary
surveys, restructuring and administration, management training, job evaluation
and general provision of highly competent solutions in various aspects of human
resource management. We have been instrumental in developing transformative
human resource management strategies for our clients.
I. Human Resources Management
Job Analysis & Job HR Policies and
Evaluation processes design
Reward, compensation HR service delivery model
and benefit management design
system HR Technology
Competence modeling deployment
and mapping Skills Assessment
Executive Recruitment Service Center
and talent acquisition Assessment
HR Risk Assessment
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IV. Organisation Design for Performance
Re-organisation & Re-structuring
Design of the operating model
Design of organization micro-structure
Development of organograms
Performance Management Systems/ Development of performance
scorecards
Transformational Change Management
V. HR Outsourcing
Day to Day HR support and activities
Policy formulation
HR information Systems
Need based HR processes consulting
PROJECTS CONSULTING
Our project management services provide a total solution in project management
from inception to completion. Which includes:-
Feasibility Studies
Public Private Partnerships (PPP) Modeling/Structuring
Industry Research
Project Management
Real Estate Management
Economic analysis and Modeling
Programme and project support
Institutional Strengthening
Monitoring, Evaluation and Assurance
STRATEGY CONSULTING
A well designed strategy provides clarity in an ever-changing world, but without the
right tools and internal alignment, strategy is merely words on paper. A powerful
strategic plan balances vision with successful execution and it’s rarely a clear path
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to the finish line. Defined processes and measurements need to be in place to
facilitate successful implementation.
PREA’s strategic services will provide you with the knowledge and decision- making
support your business needs to exceed expectations. This includes:-
- Corporate Strategy
- Strategic planning development
- Growth strategy development
- Marketing strategy development
- Market entry strategy development
- Strategic market intelligence
- Strategic plan assessment and strategic due diligence
- Business model innovation
- IT strategy & technology roadmaps
- Supply chain strategy development
OPERATIONS CONSULTING
PREA Operations Consultants work with senior executives to determine how to
extract value from their business enterprises.
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FINANCIAL MANAGEMENT CONSULTING
Finance transformation helps clients to define the role of finance in driving the
strategic business imperatives. We help the CFO to clearly articulate the financial
function, manage costs and develop a futuristic state operating model congruent
with the overall business strategy. Included services are:-
- Working capital optimization
- Accounting department optimization
- Cost reduction
- Fund Management , Grant compliance and analysis
- Performance Measures and Balanced Score card
- Accounting Outsourcing
Budget development
Establishing & reviewing Performance measures
Book keeping, Quick books implementation, cash flow analysis
and Reporting
IT CONSULTING
“Defining information needs the provision of software, systems analysis and design,
computer feasibility studies, implementing computer applications and making computer
hardware evaluations”- Institute of Management Consultancy definition
PREA IT consultancy is charged with ensuring their client is making the best use of
available Information Technology to achieve their business objectives. This could involve:
Specify and implement ERP solutions
Assessing security risks and managing risks to minimize losses
Streamlining IT infrastructure to improving functionality and reliability
Ensuring compliance with IT regulations
Improving productivity through exploiting mobile technology
IT project management
Digital enterprise strategy
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TRANSACTION ADVISORY SERVICES
PREA offers a variety of Transaction Advisory Services to corporate clients, private equity
firms and professional service firms, including due diligence, business valuation and post-
integration services
Business owners and investors consistently f ace challenges in determining the value of a
business or objectively assessing the risks associated with an acquisition or divestiture or
another company.
Our experienced Transaction Advisory Services team utilizes proven processes and tools to
both evaluate and improve businesses from financial accounting, tax and information
technology perspectives. In addition to providing clients with independent, supportable
documentation, PREA’s team can help identify and resolve hidden issues-preventing
unforeseen delays and unexpected surprises. In this line our services include:-
- Financial Restructuring
- Business Funding
- Solvency Strategy
- Business Turnaround
- Partnering
- Business Acquisition
- Merger and Acquisition
- Post-Merger integration
- Business Divesture
- Due Diligence
- Business Valuation
- International trade consulting
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4. PROFILE OF OUR LEADERSHIP TEAM
C
outts Otolo is the Chief Executive Officer of
Parker Randall Eastern Africa Rwanda. He has
over 35 years of professional experience in related
aspects of financial and management consulting.
Coutts has been the Chief Executive Officer for Ernst and
Young and Crowe Horwath EA. He served as a member of
Ernst & Young’s Africa Executive Board and was an active
member of the firm’s Global Practice Council.
Experience
Coutts has extensive experience in auditing, financial and
management advisory services in several African
countries, both Anglophone and Francophone. He
has set up successful accounting and operational
systems for several organizations in Africa. His
professional experience covers various industry
sectors in a diversity of African countries. He is also
fluent in French.
In Kenya Coutts was appointed by the Government of
Kenya to serve on a special multi-disciplinary committee
charged with the review and overhaul of the law relating
to Companies, Investments and Partnerships in Kenya. He
is a regular speaker to professional bodies and business
associations in Kenya. In July 2011 Coutts was a key
speaker to the members of the Eastern Africa
Association on the proposed Companies Act 2011.
In Rwanda Coutts was the coordinating Partner on an
assignment with the Office of the Auditor General for
State Finances (OAG) in Rwanda from 2000 to 2007. The
objective of the assignment was to provide technical
assistance to build capacity of the OAG in carrying out its
mandate effectively and efficiently. Three managers and
an ACCA trainer were seconded on a full time basis to
provide on-the-job training on financial and
performance audits and ACCA training. This team was
supported by a team of trainers who carried out
structured training courses for the auditors from the OAG.
Professional Affiliation
Member of the Institute of Certified Public
Accountants of Kenya (ICPAK)
Member of the Institute of Certified Public
Accountants of Uganda (ICPAU)
Member of the Institute of Certified Public
Accountants of Rwanda (ICPAR)
Fellow of the UK Chartered Association of
Certified Accountants(ACCA)
Qualifications
Bachelor of Commerce (Honors) Degree
Fe l lo w of the UK Chartered Association of
Certified Accountants(ACCA)
V
ictor Majani is a Partner and Executive
Director of Assurance & Tax at Parker
Randall Eastern Africa. He has over 19 years of
professional experience in audit, consultancy, taxation,
and management gained from working for various
independent audit firms.
Experience
Victor has been the engagement partner in listed
company audits, has successful obtained Kenya
treasury tax interest and penalties waivers and tax
exemption applications, conducted sensitive
forensic audits of East Africa joint government
ventures and was the engagement partner
overseeing the recent successful Kenya National
Chamber of Commerce and Industry restructuring.
Professional Affiliation
Member of the Institute of Certified Public
Accountants of Kenya(ICPAK)
Qualifications
Masters of Business Administration
Certified Public Accountant (CPA-K)
B
eatrice Mwangi is the Executive Director –
Advisory Services at Parker Randall Eastern
Africa Rwanda. She has over 15 years
combined working experience in the corporate and
donor funded programmes sector. This background has
strengthened her role as a Management Consultant.
Her experience has been gained while working with
various corporate organisations and public sector
entities.
Qualifications
Masters in Human Resource Management
Bachelor of Arts (Sociology & Community Development)
Higher Diploma in Information Technology
Higher Diploma in Business Administration
E
Mmanuel Muragijimana is the Country
Director – Operations at Parker Randall
Eastern Africa Rwanda. Emmanuel has been
involved in different projects with different clients in
relation to corporate and commercial practice: legal due
diligence exercise for acquisition, corporate governance,
company registration, company restructuring, taxation,
banking and finance practice, arbitration and regulatory
compliance practice (legal audit).
Professional Affiliations
Rwanda Bar Association (ongoing)
Qualifications
Masters in Business Law
Bachelors in Law
M
ohammed Ahmed Abtidoon is the
Managing Director o f Parker Randall
Eastern Africa, Somalia.
Mohammed has over 15 years of professional
experience in related aspects of financial and
management consulting covering various industry
sectors.
Qualifications
Master of international relationship, Nairobi
University – Ongoing.
Advanced Diploma in Public Relations
Management - Kenya Institute of Management.
BSc in Accounting - Somali Institute of
Management and Administration Development
(SIMAD), Somalia.
Diploma in Accounting - Somali Institute of
Management and Administration Development
(SIMAD), Somalia.
P aul Rees is a Director a t Parker Randall
Eastern Africa, Somalia. Paul has over forty years
international commercial, financial and technical
experience with multinational businesses within the
African continent.
KENYA
Nairobi Office
Malindi Office
RWANDA
Kigali, Rwanda
P.O. Box 4484 20 Akagera Street,
Kiyovu, Kigali
Telephone: + (250) 25 257 8881
E-mail: inforwanda@parkerrandall-ea.com
www.parkerrandall-ea.com
SOMALIA
Disclaimer: This document is intended for use by the recipients only and may not be distributed externally or
reproduced for distribution in any form without express written permission of the Chief Executive Officer Parker
Randall Eastern Africa