Our services in detail
For each service: what the work covers, what you receive at the end, and the standards we work to. Final scope and fees are set in the engagement letter.
Statutory Audit
An independent audit of the annual financial statements, ending in a professional opinion on whether they present the financial position and results fairly under the applicable framework. Required by law for some companies, and by donors, banks and shareholders.
- For
- SALs, SARLs, associations and funded projects.
- Standards
- ISA · Lebanese Code of Commerce
What the work covers
- Independence assessment and engagement acceptance
- Understanding the entity and assessing material misstatement risk
- Testing internal controls
- Bank, customer and supplier confirmations
- Stock count attendance and fixed asset verification
- Subsequent events and going concern review
What you receive
- Independent auditor's report
- Audited financial statements with notes
- Management letter with findings and recommendations
- Arabic and English versions on request
Internal Audit
Periodic or targeted reviews of controls and procedures that find weaknesses before they become losses, giving management or the board an independent view of how the organisation runs.
- For
- Organisations without an internal audit function, or needing support for one.
- Standards
- IIA Global Internal Audit Standards · COSO
What the work covers
- Purchasing and payments cycle
- Sales and collections cycle
- Cash and bank accounts
- Inventory and fixed assets
- Payroll
- Authorisations, segregation of duties and system security
What you receive
- A risk-based annual internal audit plan
- Reports with findings rated High, Medium or Low
- Management responses with owners and dates
- Follow-up of earlier recommendations
Accounting & Financial Statements
Books kept up to date and reconciled every month, so management can read its financial position on time, and the accounts are ready for audit and tax filings.
- For
- Small and medium businesses, associations and entrepreneurs.
- Standards
- IFRS · IFRS for SMEs · Lebanese chart of accounts
What the work covers
- Bookkeeping under the Lebanese general chart of accounts
- Bank, customer and supplier reconciliations
- Dual-currency accounting and exchange differences
- Monthly and year-end close with adjusting entries
- Financial statements and notes
- Statutory commercial books
What you receive
- Monthly management reports
- A reconciled trial balance every month-end
- Annual financial statements with notes
Tax Advisory & Compliance
Tax obligations met on time, with correct returns that reduce penalties and the risk of additional assessments on inspection.
- For
- Any entity or individual registered with the Ministry of Finance.
- Law
- Income Tax Law · VAT Law · Tax Procedures Law
What the work covers
- Corporate income tax returns
- VAT returns
- Payroll tax and annual salary declarations
- National Social Security Fund declarations
- Ministry of Finance registration and updates
- Responses to tax inspection queries and objections
What you receive
- An annual tax calendar with all deadlines
- Returns ready to file, with calculation workings
- A memo on tax risks and proposed treatment
Grant & Donor Reporting
Donors require financial reports in their own format and an exact match to the approved budget. We prepare them, and verify expenditure against the donor's requirements.
- For
- Associations, NGOs and companies receiving local or international grants.
- Standards
- ISRS 4400 · Grant agreement terms
What the work covers
- Budgets for funding applications
- Separate accounts for each funded project
- Interim and final financial reports in the donor's format
- Budget-to-actual reconciliation and variance tracking
- Expenditure verification under agreed-upon procedures
- Financial eligibility files for the organisation
What you receive
- Financial reports in the donor's format
- An expenditure verification report
- A complete financial file to submit with funding applications
Accounting Systems & ERP
An accounting system set up correctly from the start saves years of corrections. We implement Dolibarr ERP, adapt it to Lebanese requirements, and build custom modules and reports for it.
- For
- Companies and associations moving from Excel or an older system.
- Platform
- Dolibarr ERP & CRM
What the work covers
- Needs analysis and choice of solution
- Set-up for the Lebanese chart of accounts, multi-currency and taxes
- Data migration and opening balances
- Linking invoicing, purchasing and inventory to accounting
- Custom modules and reports: account statements, second-currency reports, budgets
- User training and post go-live support
What you receive
- A live system with reconciled balances
- A procedures and user-rights manual
- Documented training for your team
Financial Advisory
Numbers that support decisions: before an investment, during a restructuring, and when planning next year.
- For
- Management, boards, entrepreneurs and investors.
- Basis
- The entity's financial data and documented assumptions
What the work covers
- Financial position and ratio analysis
- Feasibility studies
- Budgets and cash flow forecasts
- Budget-to-actual performance review
- Financial procedures and accounting policy manuals
- Financial files for banks and investors
What you receive
- An analytical report with conclusions and recommendations
- A financial model you can update
- A financial policies and procedures manual
To protect the independence of our opinion, we do not act as statutory auditor of an entity whose books we keep or whose accounting system we implemented, except within the safeguards the code of ethics permits.