ADVISORY SERVICES

In search of dependable audit firms in Tanzania? Nexellence Consultants is a leading mid-sized audit firm, that has been a trusted auditing services advisor to businesses in the region for a long time.

Auditing Services in Tanzania

As one of the most dependable audit firms in Tanzania, we have vast experience in providing a range of statutory and internal auditing services as well as governance, risk, and compliance support services. Our auditing services in Tanzania are focused, quality-oriented, and conducted with the utmost diligence and professionalism. We look beyond the numbers to interpret financial and operational data to identify potential problems, recommend and implement solutions and participate in long-term planning and decision making

Financial Statement Audit

Financial or statutory auditing services comprise an independent auditor examining an organization’s financial statements and accompanying disclosures, which results in the auditor attesting to the fairness of the material presented. An audit of financial statements is integral to verify a company’s accounting records and business controls, and its fundamental objective is to provide an independent assurance that the management has its financial statements in place and to present a ‘true and fair’ view of a company’s financial position.

We recognize that to deliver an effective financial statement audit, it is imperative that we look beyond just the accounting entries and dig deeper into the underlying business activities.

More than a historical review, an effective audit process can be a powerful tool for a positive change. We advise you on the consistency and reliability of your financial information and provide you with recommendations for improving profitability as part of our auditing services. Our professionally trained audit team is armed with an in-depth understanding of your business and your industry and will use state-of-the-art audit techniques to assess risks and focus its work on the key areas of your financial statements.

The knowledge that we build through our auditing services in Tanzania is in turn used by us to advise you on how to improve your business.

The key steps in a financial statement audit are:

  • Planning and risk assessment
  • Audit strategy formulation
  • Collection of evidence (referred to as fieldwork that is usually carried out through two means of audit testing: substantive testing and controls testing)
  • Review and preparation of a draft report
  • Finalization and completion

Audit Review Services

A review is conducted when a lower degree of assurance than an audit is acceptable. Additionally, in order to reduce your risk of internal fraud, internal control reviews are critical. As such, we review financial statements by conducting several analytical procedures such as ratio analysis, comparison of your operating statistics to prior periods or industry averages, as well as other financial analyses deemed appropriate.

Agreed Upon Procedures

Our auditing services in Tanzania are often requested for specific areas of the financial statement without conducting a ‘complete scope’ financial audit. This often results in cost savings, and the scope of the audit can be tailored to the client’s specific objectives. However, the nature, timing, and extent of the procedures agreed upon might vary based on the requirement – usually, clients assume responsibility for the sufficiency of the procedures based on their needs. For this type of audit, we would report factual findings and not provide any opinion or assurances in the final report of the audit service.

Internal Audit in Tanzania

Our audit firm has substantial experience in providing an internal audit in Tanzania to organizations across all industries and of varying sizes. Our risk-based approach to internal audit transforms a traditionally tactile and reactive function to a more strategic one that impacts financial effectiveness & regulatory compliance, drives operational excellence and pro-actively manages risk.

We deliver internal audits that are risk-based, industry-specific and customized to the company’s operational size and structure. As part of our internal audit in Tanzania, we focus on first understanding the business and risks involved and concentrate our efforts on where they matter the most. Our risk advisory consultants have multi-industry exposure and specialized skill sets. They focus on creating sound internal controls while remaining committed to achieving tangible results.

Why should you engage with us?

  • We provide professional quality-oriented auditing services in Tanzania
  • We are an audit firm for many years of experience in Tanzania
  • Our audited financials are widely accepted by all major companies and Businesses
  • Our team consists of highly skilled audit professionals (CAs, CPAs, ACCAs, CIAs, etc.) with many years of industry experience and advanced certifications in the industry.
  • We are known for our ethical approach and sound values.

OTHER SERVICES

We are a CA firm in Tanzania offering top class Bookkeeping services. Our experienced accountants will look after your books in a professional and timely manner.

As one of the top VAT consultants in Tanzania, we offer a wide range of VAT services that can serve your business.

We offer a wide range of advisory services from CFO services to market research, from business valuation to incorporation services and many more

AWARDS AND ACCOLADES

  • Lorem ipsum dolor sit amet, consectetur adipiscing elit,
  • sed do eiusmod tempor incididunt ut labore et dolore magna aliqua.
  • Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat.
  • Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur.
  • Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum.
  • Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat.
  • Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur.

FAQ

A business unit can benefit from hiring the top auditing companies in the following ways:

  • Independent opinion
  • Protection of the rights and interests of shareholders
  • Better internal controls
  • Detection and prevention of errors and fraud
  • Verification of books
  • Loan facility
  • Moral check
  • Easy valuations
  • Facility for prospective investor
  • Satisfaction of business operations

Independent auditors in Tanzania are neutral and impartial and do not have any vested interests in the company. This would ensure greater accountability and transparency while reporting to the shareholders.

As one of the topmost VAT consultants in the Tanzania, we are flexible with our services, which can either be performed onsite or offsite depending on the client’s preference for service delivery, information security, logistics and timeliness.

At Ethics Plus, we offer our clients a clear insight into their historical financial performance and key business areas. As one of the topmost audit firms and VAT consultants in Tanzania, we provide a range of audit, reporting, corporate governance and risk advisory services. We are large enough to offer a comprehensive package and yet small enough to ensure personalized treatment for each individual client.

With vast experience and a clientele across various sectors, Our Audit firm in Tanzania is reliable, professional and offers custom-made solutions to suit each client’s needs

Phone

+255 752 000 000

Email Us

info@nexellence.co.tz

Address

Dar es Salaam, Tanzania