AUDIT & CONTROLS
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Get In Touch With The Experts At Mafcon
OUR PROCESS
Client Onboarding
Objective: Understand client needs and set up systems.
Actions: Gather financial documents, sign agreements, set up accounting software, and define reporting expectations.
Record Transactions
Objective: Maintain accurate financial records.
Actions: Record daily transactions, categorize expenses and income, and reconcile accounts (bank, credit card, etc.).
Accounts Payable & Receivable
Objective: Manage bills and invoices.
Actions: Process bills from vendors, ensure timely payments, issue invoices to clients, and track receivables.
Financial Reporting
Objective: Provide insights into the financial status.
Actions: Prepare monthly or quarterly financial statements (P&L, balance sheet, cash flow statement) and review for accuracy.
Bank Reconciliation
Objective: Verify financial data is accurate and consistent.
Actions: Reconcile bank and credit card statements with the accounting records, identifying discrepancies.
Payroll Processing
Objective: Ensure employees are paid accurately and on time.
Actions:: Calculate wages, deduct taxes, process payroll, and handle tax filings.
Year-End Close
Objective: Finalize financials for the year.
Actions: Review year-end accounts, finalize adjustments, prepare for tax filings, and close books for the year.
Ongoing Advisory & Support
Objective: Provide financial guidance and support.
Actions:: Offer business insights, help with budgeting, forecasting, and advise on tax-saving strategies.
Audit & Controls
At MAFCON, we provide comprehensive Audit & Controls services designed to enhance the integrity, accuracy, and transparency of your financial reporting and operations. Our expert team is dedicated to ensuring that your business operates efficiently while adhering to regulatory requirements.
Our Audit & Controls Services Include:
Internal Audits
We conduct thorough internal audits to assess the effectiveness of your internal controls, risk management processes, and compliance with internal policies. Our goal is to identify areas for improvement and provide actionable recommendations.
Financial Audits
Our financial audits provide an independent assessment of your financial statements, enhancing credibility and trust with stakeholders. We ensure accuracy and compliance with accounting standards. We partner with qualified Chartered accountants for the provision of these services.
Risk Assessment
We identify and evaluate potential risks to your operations and financial reporting. Our tailored risk management strategies help you protect your assets and improve operational resilience.
Control Assessments
We review your existing internal controls to determine their effectiveness in reliability of financial reporting. Our recommendations help strengthen your control of the environment.
Business Process Outsourcing (BPO) Services
At MAFCON, we specialize in Business Process Outsourcing (BPO) services that allow you to streamline operations by either outsourcing specific tasks or providing dedicated in-house staff. Our flexible solutions are designed to enhance efficiency, reduce costs, and support your business growth.
Our BPO Services Include:
Outsourced Task Management
Focus on your core business while we manage specific tasks, such as bookkeeping, payroll processing, and financial reporting. Our expert team ensures these processes are handled efficiently and accurately.
In-House Staff as a Service
We provide skilled professionals who seamlessly integrate into your team, working alongside your existing staff. This flexible approach allows you to scale resources up or down based on your business needs without the long-term commitment.
Comprehensive Support
Whether you need support for finance and accounting functions, customer service, or administrative tasks, we tailor our services to meet your unique requirements.
Real Feedback. Real Results!
Partners Who Trust Us!
FREQUENTLY ASKED QUESTIONS
1. What accounting services do you offer?
We follow rigorous processes and use reliable accounting software to ensure all financial data is accurately recorded and reconciled. Our team conducts regular reviews and audits to catch any discrepancies early, ensuring your records are always up-to-date and compliant.
2. How do you ensure the accuracy of my financial records?
We follow rigorous processes and use reliable accounting software to ensure all financial data is accurately recorded and reconciled. Our team conducts regular reviews and audits to catch any discrepancies early, ensuring your records are always up-to-date and compliant.
3. How much do your accounting and bookkeeping services cost?
We follow rigorous processes and use reliable accounting software to ensure all financial data is accurately recorded and reconciled. Our team conducts regular reviews and audits to catch any discrepancies early, ensuring your records are always up-to-date and compliant.
4. How often will I receive financial reports?
We follow rigorous processes and use reliable accounting software to ensure all financial data is accurately recorded and reconciled. Our team conducts regular reviews and audits to catch any discrepancies early, ensuring your records are always up-to-date and compliant.
5. Can you help with tax filing and compliance?
We follow rigorous processes and use reliable accounting software to ensure all financial data is accurately recorded and reconciled. Our team conducts regular reviews and audits to catch any discrepancies early, ensuring your records are always up-to-date and compliant.
6. How do I get started with your services?
We follow rigorous processes and use reliable accounting software to ensure all financial data is accurately recorded and reconciled. Our team conducts regular reviews and audits to catch any discrepancies early, ensuring your records are always up-to-date and compliant.