AUDIT TAX ADVISORY FIRM PROFILE AND CAPACITY STATEMENT. Meeting our clients highest ex pectations is our standard...ex ceeding them is our goal.

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1 AUDIT TAX ADVISORY FIRM PROFILE AND CAPACITY STATEMENT Meeting our clients highest ex pectations is our standard......ex ceeding them is our goal. Audit Tax Advisory 1

2 Table of Contents 1. ABOUT PARKER RANDALL INTERNATIONAL... 3 Our Global Reach Parker Randall Africa Sub-Sahara... 4 Parker Randall Eastern Africa OUR GUIDING PRINCIPLES OUR SERVICES... 7 Assurance/Audit... 7 Taxation Services... 8 Advisory Services PROFILE OF OUR PARTNERS AND DIRECTORS

3 1. ABOUT PARKER RANDALL INTERNATIONAL A leading global network of Audit, Tax and Advisory firms Parker Randall International is a top-ranked, international association of independent audit and accounting firms that provide assurance, tax and advisory services. With a global approach to service delivery, Parker Randall responds to clients complex business challenges with services that span industry sectors and national boundaries. Parker Randall International is represented in over 50 countries by over 100 offices and over 2,000 partners and staff. Member firms are strategically based in major metropolitan areas and developing markets around the world. Our Global Reach... The Parker Randall International structure is designed to offer support to member firms operating at the global, regional and local level. Our Global Specialty Practice approach allows teams of experts within each service discipline to act as thought leaders and advisors to the network. Our global teams work closely with each other and they deliver an integrated and coordinated service to our clients worldwide. This unique combination of talent provides Parker Randall International the worldwide capabilities of a highly integrated network to deliver value to multinational clients doing business across borders. 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. 3

4 Parker Randall Africa Sub-Sahara Our network throughout Africa ensures that communication is responsive to the needs of our clients, thereby stimulating trade and enhancing business relationships. The Parker Randall Africa cluster is focused on opening more offices and developing business alliances in strategic countries to provide services to clients throughout the African Continent. 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 Parker Randall Eastern Africa 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 4

5 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. We take pride in building long-term relationships, while retaining our emphasis on a tailored, personalized service to our clients. We keep abreast of client needs and priorities as we adapt to emerging changes in the global market. We believe that learning about our clients operating environment and what keeps them awake at night is crucial to providing the advice and services that they need to achieve their goals. Working together in partnership, we can understand their organisations better and help them navigate the challenges they face; acting as trusted advisers with a genuine interest in their organisation. 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. We have connected to Parker Randall International s established programme of internal review, which helps us to learn from best practice and constantly improve our performance.

6 2. OUR GUIDING PRINCIPLES Our ambition is to become the business partner of choice and lead advisor within the African region, frontier markets and beyond. Success will be measured when we are recognized as: Being the most reliable firm in terms of value delivery and quality for our clients; and Consistently providing innovative and practical solutions across accounting, tax and advisory. OUR VISION To be the leading business advisory firm in Africa OUR MISSION: To be the most reliable firm in delivering value, innovation and 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: 6

7 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. Our Assurance division offers the following services: Statutory Audits Forensic Audits Project Audits - Not for Profits (NfPs) Our tried and tested approach, together with our multidisciplinary teams and efficient procedures provide the means for your organization to receive auditing & assurance services that meet the highest standards. We guarantee that our service is independent, unbiased, professional objective and technically excellent 7

8 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. 8

9 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. To supplement the advisory and training services, we provide follow-up consultations and access to help lines from subject matter specialists whose focus enables them to create and deliver the very best solutions to our clients. 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 9

10 MANAGEMENT CONSULTING 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 II. Learning and Talent Management Capacity Building Leadership Development Programme Professional Skills Training and development Employee engagement & Team Building Thought Leadership Programmes Lean Six Sigma Training III. Organizational Effectiveness Assessment Organization Structure diagnostic Organization visioning Organization Positioning 10

11 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 VI. Employees Health and Safely Management Conduct premises safety & health check audit Development of health & safety policy manuals Training employee on health and safety Develop procedures & guidelines in accordance with safety and health as per the frameworks set by relevant governing bodies. 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 11

12 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 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. We focus on challenging of value driving opportunities such as cost reduction, business process improvement, employee productivity improvement, process & product transformation, capacity improvement and assets utilization optimization, time-to- market compression for new products, new operating model development and revenue and profitability growth. Our services include:- - Business Process Reengineering - Business Transformation - Business Process Improvement - Supply chain management - Sourcing and procurement - Logistics and Distribution 12

13 - New product design - Sales and Marketing Operations - Lean operations improvement - Manufacturing and production operations 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 13

14 Digital enterprise strategy 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 issuespreventing 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 14

15 RISK CONSULTING The most successful organizations are those that manage risk, governance and internal control exceptionally well. Tougher expectations by regulators and other stakeholders mean that corporate and financial institutions should demonstrate better discipline, control and responsibility. Failure to keep on top of and comply with existing and emerging regulation could jeopardize reputations and livelihoods. Financial risks have probably never been more acute. Capital reserves, credit portfolios, investment policies, capital and debt profiles all demand constant scrutiny to adequate manage and mitigate risk. Managing risk appropriately is key to business success. Parker Randall Advisory Services enable you to make decisions that strengthen your business risk management. Our risk advisory team provides a consultative-based risk services in a structure that allows for nimble, proactive response to market needs. We tailor our risk services to meet your company s specific objectives at the strategic, entity and process levels. Information Risk Management focuses on the risks you face with rapid advances in technology and helps you move into the future with confidence. Parker Randall professionals are ready to provide co-sourcing and outsourcing internal audit solutions and are prepared to leverage the knowledge imbedded within Parker Randall s proprietary tools to assess controls over the strategic risks that are critical to your success Regulatory & Compliance Risk Services Internal Audit Services Systems and Processes o HR, Finance, IT, Supply Chain, Business Development, Sales & Marketing, Product development, Business Strategy. Enterprise Risk Management IT Risk Financial Sector Risk Management Services Corporate Governance Advisory Internal Financial Control Service Revenue Assurance Risk Controls 15

16 4. PROFILE OF OUR PARTNERS AND DIRECTORS 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. He has previously been a member of the Council of the Institute of Certified Public Accountants of Kenya (ICPAK) and since 2008; Coutts is a member of the Global Governing Council of the Association of Chartered Certified Accountants (ACCA) (UK). Coutts is credited for the visible presence of ACCA in some of the emerging economies in Africa. He has been a key speaker at various ACCA conferences, including the ACCA Global Virtual Conference, held on 28 July 2010 under the theme Accountants for Business: The Role of the Accountant in Re-building a Global Economy. Coutts is credited for the visible presence of ACCA in some of the emerging economies in Africa. Coutts was instrumental in the decision by ACCA to convene its Council meeting of June 2012 in Nairobi, which is only one of two times in the history of ACCA that such a meeting has been held outside Europe. 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

17 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 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 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. In Ethiopia, Coutts led a team of trainers on behalf of ACCA in developing the initial complement of qualified ACCA accountants at the Office of the Auditor General. These professionals today form the backbone of the accounting profession in Ethiopia. In Djibouti, Coutts has been the partner in charge of the audits of Djibouti Development Bank (BDD) and Djibouti Housing Finance Company (SID). He was the coordinating Partner on an assignment commissioned by USAID/IGAD to study the accounting and financial management systems and the reporting requirements of the various donors and recommended appropriate accounting software to facilitate preparation of uniform reports to all donors. 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)

18 Qualifications Bachelor of Commerce (Honors) Degree Fellow of the UK Chartered Association of Certified Accountants(ACCA)

19 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. Beatrice s strengths are in organisation development, HR Audits, strategy development and implementation, HR strategy, management training in a wide range of courses including management and leadership modular programmes, supervisory skills training. She has also had considerable experience in other strategic management services like performance management systems, drawing up of policies, job analysis and evaluation, job satisfaction and evaluation surveys, competency development and executive selection. She has worked with clients in the following industries: governments, parastatals, aid agencies, NGOs, banking, insurance, internet service providers, agriculture, manufacturing, courier service, telecommunications, public relations and hotel and tourism industry. She has also carried out assignments in Kenya, Rwanda, Uganda, Tanzania, Botswana, Somaliland, Swaziland, Djibouti, Zimababwe and South Africa. Professional Affiliations Member of Institute of Human Resource Management Member of Professional Trainers Association of Kenya (PTAK) Member of the Business Process Outsourcing Society (Review Committee) Qualifications Masters in Human Resource Management Bachelor of Arts (Sociology & Community Development) Higher Diploma in Information Technology Higher Diploma in Business Administration

20 E Mmanuel Muragijimana is the Associate 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). Emmanuel has held various positions at different capacities in the legal field amounting to over 10 years of professional experience. Along with the experience, he has received his Masters in Business law and Bachelors in Law from National University of Rwanda. Emmanuel strengths are in Corporate and Commercial practice Banking and Finance practice including all aspects of commercial banking and lending business; Legislative other legal document drafting; Securities law and insolvency; Public Companies, Capital markets Employment Law, Litigation and Arbitration practice Tourism, Mining and Energy, Tax laws; Regulatory compliance practice, particularly legal Audit He has worked with various institutions including, BCDI, EcoBank Rwanda, and the Parliament of Rwanda, Professional Affiliations Rwanda Bar Association (ongoing) Qualifications Masters in Business Law Bachelors in Law

21 Parker Randall Eastern Africa Head Office Contacts Details Ground & 1st Floor, Cara House (formerly Symbion House) Karen Road, Karen P.O. Box Nairobi, Kenya T: M: Rwanda Office Contacts Details 20 Akagera Street Kiyovu Kigali P.O. Box 4484 Kigali T: M: Parker Randall Eastern Africa MemberFirmParkerRandall International 2015 Parker RandallEastern Africa AllRightsReserved. ParkerRandallEastern Africaisa registered trademark 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