Services

The firm provides independent audit services, directed at enhancing the reliability of information prepared by clients for use by investors, creditors and other stakeholders.

As well as meeting country-specific statutory requirements, the services also include a range of other forms of attestation work.

OUR AUDIT APPROACH
Our risk-based approach to the audit is centered around obtaining a clear understanding of the client’s business and the business risk profile. We evaluate and test controls critical to risk mitigation. We use the information gathered to build our view of the client’s financial and non-financial performance. We then determine whether the financial statements and related disclosures reasonably reflect these expectations and gather further substantive evidence to form an audit opinion on the financial statements. Our tests will include close examination of non-routine transactions and accounting estimates, as well as analytical procedures.
Our audits are designed to achieve the above requirements and to provide:

• A fresh perspective on opportunities to help secure continuous improvement in financial and operational processes, controls, risk management and corporate governance framework.

• A clear and continuous focus on key issues relevant to the company.

• No-surprises reporting which meets deadlines.

• A hands-on approach aimed at anticipating issues and providing practical support in resolving them.

• A robust audit opinion.

The firm provides internal audit and related risk advisory services to both private and public sector enterprises. Led by a partner qualified (Certified Internal Auditor) in the field and supported by staff with several years of both external and internal audit experience, Burrowes has assisted clients in addressing their financial accounting and corporate governance risk and ultimately in improving operating effectiveness.

SERVICE DELIVERABLES INCLUDE:
• Accounting systems documentation
• COSO-based internal control assessments and   recommendations
• Accounting policy and procedures manuals
• Accounting systems and controls implementation   support
• Fraud examination

IFRS COMPLIANCE
Applying our extensive training and experience is preparation and review of financial statements prepared in accordance with International Financial Reporting Standards (IFRS), we have assisted clients in conversion of their financial statements from Canadian GAAP to IFRS and in ensuring ongoing compliance with IFRS.

For more information about our firm’s accounting and risk advisory services please contact:
Karol Ashby | Partner

Includes the following:
• Corporation tax schedule compilation and estimation

• Corporation tax return filing
• Corporation tax prepayment advisories
• Value Added Tax return reviews
• Tourism Development Act and related incentive   applications
• Tax registrations
• Tax audit assistance

TAX ADVISORY SERVICES
Working with associated tax specialists the firm provides advisory services to domestic and international clients, including:

• Assisting international tax advisors with set-up of client   international business structures
• Advising clients on the tax implications of prospective transactions and assisting in identifying tax efficient approaches to the transactions
• Advising clients on employee remuneration structuring
• Liaising with tax authorities in establishing the tax status  of transactions or entities.
• Tax appeal assistance

We provide a broad spectrum of accounting services to smaller entrepreneurial businesses who opt to outsource varying degrees of the accounting function.

• The services include, inter alia:
• Accounting systems design and set-up
• Data entry and reconciliations
• General and subsidiary ledger maintenance
• Financial statement & management report   preparation
• VAT return data compilation
• Payroll Services

Using dedicated payroll software, we provide payroll processing services to domestic and international companies.

THE SERVICES MAY INCLUDE:
• Payroll system set-up
• Weekly/monthly payroll report preparation
• Preparation of pay slips and statutory deduction   forms
• Facilitation of monthly PAYE and National Insurance   deductions/contributions
• (Bank-processed) payment of staff salaries and statutory remittances

If you require more information about our firm's accounting and payroll outsourcing services please contact:
Karol Ashby | Director

The firm's corporate advisory services address the professional accounting advisory needs of entities at all stages of their business cycle, from conception to wind up.

BUSINESS ADVISORY SERVICES
These entrepreneurial business-focused services, comprise the following:

• Business and strategic planning
• Investment and financing decision analyses
• Business acquisition due diligence
• Financial projections

CORPORATE RESTRUCTURING & RECOVERY
Working, where required, with established legal advisors, the firm provides corporate restructuring and recovery services to non-financial services entities.

These services include:
• Corporate reorganization and debt restructuring
• Debt recovery consultation
• Receivership and liquidator appointments.