Services

1. Audit And Assurance

We analyze the dynamic business environment in which our clients operate and design our audit approach to fulfill our audit responsibilities on regulatory and business requirements. Audits are very complex process which requires technical know-how and experience. We have been performing Audit Assurance in compliance with provision of the Companies Act and Sri Lanka Auditing Standard (SLAuS).

Our services include

• Audit of Financial Statements
• Reporting on factual findings based on agreed-upon audit procedures
• Compilation of financial statements
• Examination of prospective financial information
• Special purpose audit engagements
• Assisting in complying with Sri Lanka Accounting Standards

2. Tax Compliance & Consultancy

To proactively advice, plan and resolve issues of our clients on all tax related matters.

Our services include

• Registration of entities with the Tax Authority
• Computation of taxes relevant to business and filing returns with the Tax Authority
• Reporting compliance with requirements of local tax laws
• Assistance to finalize tax issues, appealing and following up with the Tax Authority
• Advising on operation and implication of transfer pricing
• Tax services for expatriates

3. Accounting Services

The accounting service firms provide the range of services which includes Bookkeeping Services, Accounting Staff Placement, and Accounting Outsourced.

Regular services

• Assistance in the initial setting up and designing the full set of accounting books and records (chart of accounts, accounting policy, software etc).
• Preparing monthly accounting and book-keeping services and annual financial statements.
• Compilation of management accounts
• Compliance with routine tax related matters( VAT, SVAT, Income Tax, Surcharges tax )

Special projects

• Accounting review and advisory services Including cost and management accounting.
• Accounting reconciliation service (e.g, intercompany Account Payable / Account Receivable reconciliation)
• Secondment services (e.g Accountant, Accounts Assistant, Cashier)
• Co-sourcing services (working with the client’s team in order to complete a series of tasks)
• Preparing financial statements relating to liquidation.

• Carrying out physical fixed assets verification, coding of fixed assets and preparing fixed assets register.

4. Inventory Management

• Verification of inventory
• Inventory Processing
• Reporting

5. Corporate Secretarial Services

We offer corporate secretarial services through our associate company – HAS Corporate Services, which include the company formation and related secretarial services.

6. Internal Audit

Internal Audit is involved with evaluating & improving the effectiveness of risk management, control & governance processes in an organization. We have a separate Internal Audit division to perform the internal audit to achieve these objectives.

7. Valuation Services

Our valuations team can help you objectively assess financial and business opportunities and associated risk.