Our Services
Our clients are small, medium sized and large sized corporate, public sector, international as well as not-for-profit organizations.
We specialize in a number of sectors and our service offerings are tailored to align the individual needs of our clients to their broader sector requirements. We have developed expertise in a number of sectors including:
- Financial services
- Construction
- Property development and management
- Wholesale, retail and distribution trades
- Tourism, hospitality and leisure
- Manufacturing
- Mining
- Agriculture and farming
- ICT industry
- Government and state-owned enterprises
- Professional services
- Not for profit organizations
We consider it a priority to nurture ongoing relationships with our clients and ensure they continue to innovate, grow and earn more profit. We offer our clients a comprehensive range of accounting, business, management and financial solutions.
Our services include:
Statutory audit and assurance services are provided by our firm in accordance with International Standards on Auditing (ISA) whilst taking into account legislative requirements and latest pronouncements on accounting issues including International Financial Reporting Standards (IFRS).
Our range of audit and assurance services includes:
• Statutory audit
• Private and contractual audits
• Special audit to comply with local laws and regulations
• Special review and other assurance related engagement
• Due diligence work
Our audit procedures are streamlined to suit the specific nature of our clients operations as well as to ‘add value’ to their business. As such, an audit performed by our firm is not simply to comply with statutory or regulatory requirements, but to assist our clients improve their operations, raise additional capital, or negotiate better terms with their bankers.
Recent years have witnessed a real upheaval in Corporate Governance. It is recognised that good Corporate Governance within an organisation provides assurance to its stakeholders that the organisation is fulfilling its responsibilities towards them.
Internal audit is a fundamental component of Corporate Governance structures and processes. It focuses on improving efficiency and effectiveness of operations and in assisting manangement to foster process improvements and facilitate change.
More specifically, Internal Audit monitors the:
• Extent of compliance with applicable laws, rules, regulations and directions;
• Effectiveness of the design, implementation and operation of internal controls;
• Completeness, accuracy and reliability of financial and operating information and underlying records; and
• Efficiency and effectiveness of business and service delivery processes and outcomes.
Our firm is a registered member of the Institute of Internal Auditors (IIA) and we follow Internal Audit Standards set by the IIA and pronouncements made by the ‘Committee of Sponsoring Organisations’ (COSO) as well as Quality Assurance guidance provided in ISO 27000.
Our approach is essentially systematic and practical and our dedicated risk management specialists have significant experience in advising companies.
Worldwide harmonisation of accounting practices is promoting International Financial Reporting Standards (IFRS) as the recommended reporting framework. In that respect, HLB Appavoo & Associates has designed the following accounting solutions for you:
IFRS reporting services:
Our reporting specialists, equipped with the depth of knowledge and breadth of experience for having successfully implemented IFRS in many corporate and government bodies, have the following solutions for you:
•A smooth IFRS implementation
•An effective and efficient conversion for first time adopters of IFRS
•Assistance to your finance function with advice on complex technical accounting and financial reporting issues
•Valuation and impairment of financial instruments
•Business combinations and preparation and presentation of consolidated financial statements
•Tailored IFRS training for your in-house finance function
•An IFRS help desk
•Regular updates on IFRS
Management support and financial reporting services
You have a small in-house finance function which is not sufficiently equipped or the quality of your financial reporting is not to International Standard: HLB Appavoo & Associates has designed the following financial reporting solutions for you.
•Preparation of quarterly and yearly financial statements
•Preparation of consolidated financial statements
•Financial reporting under IFRS, local GAAP’s and other reporting frameworks
•Preparation of tailored financials to comply with the needs of regulators, banks and other stakeholders
•Financial reporting compliant with local and sector-wise regulations.
TAX SERVICES FOR LOCAL BUSINESSES
Our Tax Department provides advanced tax planning and other services including preparation of annual returns, schedule of capital allowances, computation of tax payable, claims for tax losses and a whole range of tax compliance services including VAT, Tax Deduction at Source (TDS), PAYE, Solidarity Levy, Advance Payment System etc.
We also offer a full support service in cases of tax audit, enquiry and in-depth investigation by local Revenue Authorities. We handle representations before the Tax Review Committee and the Court of Appeal of the Supreme Court of Mauritius.
INTERNATIONAL TAX PLANNING
International Tax planning is tailored by our Tax Partners to meet the specific needs of clients. Our services include the following:
Tax Return Compliance:
We run ‘Tax Check-Ups’ for clients and identify tax saving opportunities. We also conduct ‘Tax Risk Management Reviews’ and establish the tax cost to a company of doing business overseas.
Business Structuring:
The cost of an inefficient business structure can be very high to a company. At HLB Appavoo & Associates, we spend time to design effective and tax efficient Business Structures for clients who wish to conduct cross-border transactions.
Double Tax Treaty Interpretation and Application:
Mauritius is a treaty-based jurisdiction and it holds treaties with numerous countries. Our experts are well-versed in the interpretation of Double Tax Treaties and we can advise you on the application of treaties and the most ‘tax efficient’ way to use them.
Transfer Pricing:
We can assist you in planning and designing a transfer pricing policy, preparing compliance documentation, and determining best transfer pricing methods acceptable to tax authorities.
We provide a wide spectrum of advisory services to clients locally including the following:
Start-up consultancyCorporate financeAcquisitions & mergersBusiness diagnosis and re-engineeringBusiness valuations Operational audit with emphasis on ‘cost reduction’Litigation and expert witnessFraud investigation servicesHandle different types of transactional operationsVisit our Consulting Cluster on our website
www.appavoo.com to learn more about Consulting, Corporate and IT Services.
