In the world of financial auditing, the concept of audit risk is foundational. It represents the possibility that an auditor might issue an incorrect opinion on a set of financial statements, failing to identify material misstatements
Overview
The future is BOLD! Those who dare beyond the boundaries of today uncover the new sources of value and thrive
At SKM advisory we believe in making changes that make the most impact and value. We deliver bold ideas, empowering technology and meaningful experience creating real life results helping you solve your challenges for a better future
How we help clients
Risk Consulting
Whether you are risk averse or a risk taker, in the business space risk is inevitable. As such, it is imperative for organizations to use all the information available to them to try and understand the risk associated with its operations. Understanding the risk that is associated with your business enables organizations avoid some risks in entirety or partially and to mitigate some.
SKM’s Risk Consulting teams help our clients’ in identifying risk, avoidance of risk and mi...
Internal Audit
Organisations that are keen on growth undertake continuous review of the effectiveness of financial reporting, risk management, control, and governance processes. SKM independent internal audit review team provides management with information on the effectiveness of financial reporting, risk management, control and governance processes that management has put into place.
Internal audits are useful to organizations as they help them to
- Protect assets and reduce the possi...
Book Keeping & Payroll Services.
Financial integrity is key for any organization. Accurate, complete, timely and up to date records are integral in achieving financial integrity. This is the fundamental basis for preparation of financial statements, business performance evaluation and reporting.
SKM’s Book-keeping and Payroll processing team is comprised of highly qualified members with vast experience in bookkeeping and payroll
Our team takes care of all your accounting and bookkeeping tasks, tax retur...
Management Consulting
The micro and macro business environments are in constant change. As such, organization that are keen on growing and remaining profitable have to constantly review and examine their short term goals as well as their strategic goals..
Key revenue drivers and cost drivers keep changing and organizations have to continuously seek new opportunities arising from the change in the macro business environment and as such deduce new, robust and sustainable key revenue drivers. Among the most o...
Business Valuation Services.
The micro and macro business environments are in constant change. As such, organization that are keen on growing and remaining profitable have to constantly review and examine their short term goals as well as their strategic goals.
Key revenue drivers and cost drivers keep changing and organizations have to continuously seek new opportunities arising from the change in the macro business environment and as such deduce new, robust and sustainable key revenue drivers. Among the most ou...
Accounting Advisory Services
Financial reporting is undergoing through tremendous changes. The International Accounting Standards Board has been revising International Accounting Standards (IFRSs) and issuing out new IFRSs. The most recent being IFRS 16 on leases and IFRS 15 on revenue recognition from contracts with customers SKM’s Accounting Advisory Services team provides a broad range of services on the application of IFRSs including preparation of IFRS group accounting policies, analysis of the treatment of sp...
Restructuring Services
it is in life, change is a constant in the business space too. In a bid to maximize the shareholders’ value, organizations have to keep monitoring their performance, that is, the key revenue drivers and the key expenditure drivers.
SKM’s Restructuring team’s knowledge and experience coupled with our analytical tools assist organizations in identifying, developing and delivering restructuring that assist organization realize real business performance improvements arou...
Corporate Finance
Organizations have access to many sources of funding. Whereas many organizations especially family based companies have only embraced equity capital, a balanced mix of both equity capital and debt capital can spur growth and propel the organization the next level. The success of any organization is dependent on the availability of affordable financing and prudent use of the available finances to increase the value of the organization and thus that of the shareholders.
At SKM our corpo...
Transaction Service
Some of the strategic goals for organizations include expanding their market base and/or diversification of their products. Expansion can be through setting up a new entity in new market areas, acquisition of an already exciting entity, a merger or a buy in.
Whereas expansion through a merger, buy in or acquisition is an easy way of increasing the organisation’s market share, companies adopting this expansion model can also inherit huge undisclosed liabilities and/or ghost asset...
Success often comes down to leadership commitment, focusing on culture,
and of course, exceptional excellence.
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