PISTIS AND ASSOCIATES

Brief Profile Pistis and Associates is a Firm registered, owned and managed by Ghanaians. It has over the years established a unique niche of excellence among its peers in the delivery of quality professional accounting, auditing and consulting services in other related areas. Our clientele base covers diverse business activities and spans across all the major sectors of the economy including non-profit institutions. OUR SERVICES 1. The Audit Service Our audit approach is an adaptable one ... which identifies the processing points where accounting controls should exist, evaluates only relevant and effective controls, highlights missing and ineffective controls for corrective actions and generally ensures that whiles covering other important areas, significant audit effort is concentrated on areas where greatest risks exist. Our Auditing has been designed to ensure that in addition to providing an opinion on the financial statements, we can also provide analysis and recommendations to further improve your business. In addition to the Financial Statement, we also attach a Management letter which details our findings/observations and recommendations to those charged with the governance of the institution (the Board, Management or the Owner). To ensure quality service delivery, we task ourselves to strictly comply with the International Standards on Auditing (ISA) and International Financial Reporting Standard (IFRS). As part of our approach, we seek answers to the specific questions of what value we add to the Client's business through the Audit. The emphasis we place on the value enables us to identify and recommend business and control measures that enhances the on-going operation of the Client's business. This audit approach, involving five phases, enables us to report on a company’s financial statements and provide practical and constructive reports to Management. The five phases involved are; Strategy and Planning, Obtaining Audit Evidence, Review and Interpretation, Reporting and Presentation, Debriefing, 2. Other Value Added Services Aside of the statutory audit, we also provide a range of other professional services aimed at enhancing the overall operating efficiency and capacity of our clients. Our objective here is to assist companies to manage their growth process; advising on finance, investments, tax and management issues and generally adding professional value to our clients’ operations. Services we offer under this category include; • Cash Flow Planning and Investment Advisory; • Stock Audit Services; • Tax Planning, Management and Compliance; • Internal Audit Services, • Working Capital Management; • Payroll Services; • Company Secretarial Services; • Company liquidation Audit Services; • Human Resource Management; and • Other Consultancy Services. 2.1 Taxation Tax laws are very complicated and ever changing, making it difficult for the average person to stay up-to-date and be informed. This most often leads to the poor management of your tax affairs which results in penalties or paying more taxes than necessary. That is why we recommend working with our tax professionals to navigate these tax laws, remain compliant, save money and minimize the hassle of dealing with the Ghana Revenue Authority (GRA). You can expect from our firm invaluable advice on tax matters such as obtaining tax holidays under the investment laws, or resolving tax issues with the Ghana Revenue Authority. Individuals and organisations are required to obtain Tax Clearance Certificates as a prerequisite for engaging in certain transactions and we do assist clients when we are specifically requested, by representing them before the Commissioner of Ghana Revenue Authority for the purposes of reaching consensus on tax obligations and negotiating for payments. We also advise clients on major changes in the tax laws and regulations that may arise from time to time. Our tax compliant services includes i. Processing of registrations for direct and Indirect taxes ii. Computation of taxes iii. Completion and submission of tax returns iv. Application for Tax Clearance Certificate (TCC) v. Monitoring the status of tax compliance vi. Dealing with the Tax Regulator on your behalf vii. Any other Tax service which pertains specifically to the Client's industry of operation. We work with your Team to ensure that, you have the peace of mind to run your business. 2.2 Accounting Services The provision of Accounting Services is becoming a major preference of most of our clients who have discovered the efficiency and cost-effectiveness of our accounting services compared to maintaining internal accounting department. The essence of this service is to help management and top Executives to comprehend the different reports generated by the bookkeepers of their organisations. We also help the organization improve their bookkeeping processes by setting up practices that ensure consistency in accounting. This service may be supplemented with other services such as; Bank reconciliation, Data Entry, SSNIT & Tax Filing, Payroll. Additionally, we analyse the data presented and help the owners or management to understand what the data and numbers represent for the organization. With the interpretation of the financial statements, management’s attention is drawn to the most important numbers. We then assist with financial forecasting which is necessary in ascertaining the profitability of the business of our client. 2.3 Internal Audit Services Our Internal auditing service is an objective assurance and consulting activity designed to add value and improve the operations of our clients. This is done to help our clients accomplish their strategic objectives by bringing a systematic, disciplined approach to evaluating and improving the effectiveness of risk management, control, and governance processes. The importance of the Internal Audit service is to help boards and senior executives better manage enterprise risks and to help entities enhance the effectiveness, quality, and value received from internal audit. Our recommendations to Management are thus directed at ways to improve internal control, to ensure accurate reporting and guard against fraudulent activities. We also draw the Client's attention to non-compliance with relevant laws that may have significant impact on the business. We can also help you with new payroll software procurement and subsequent implementation requirements. 2.4 Consultation Services With the increase demand in general consultancy services, our firm offers the under listed services in accordance with the terms and conditions as may be agreed with the client: With this service, the assigns a Consultant (staff & Partner) who will be required to work with the officers and employees of the client Company concerning: • The General Activities of the Company; • Accounting Services, Bank reconciliation and cash book, Review of supporting schedules/preparation-loans/advances portfolio, investments placements, fixed asset register, accruals, staff debtors, To check interest income computations as well as Interest expenses, Preparation of quarterly management accounts, Corporation of accrual budget and advising on ways to achieve targets and make corrections where necessary, Advise on corporate tax liabilities, • Matters relating to the management and organization of the company. Other areas may be added to the above as per the requirements or suggestions of the company or our Firm respectively 2.5 Special Services Other special services we offer include feasibility studies and business planning, Accounting Setup with Software Systems, Business Plan, Inventory Management , Company Registration and Renewal, Individual and Corporate TIN registration 3.0 Client Range Our Client range from locally owned businesses, Professional Firms, Banks, Government owned enterprises, Foreign owned businesses to subsidiaries of multinational companies.