Our Services

  • 01). Assurance and advisory

    Assurance and advisory practice provides both financial statement verification and integrated audit services. Our objective is to make sure and develop high quality financial reporting processes that comply with national and international accounting and auditing standards.

    We always maintain the quality of service that meets the highest standards and we guarantee that our service is independent, unbiased, professional, objective and technically excellent.

    • Financial Assurance Services

    Audit of financial statements is the keystone of our Assurance Services. Our main objective is that independence, integrity, and credibility underlie your financial statements when we sign our report. You can be assured that the users of the financial statements will be receiving a high quality report that complies with the requirements of professional standards.

    To this effect we conduct internal and external audits and other assurance services to ensure that financial statements and other information provided by our clients are reliable and conform to statutory requirements.

    • Preparation of forecasts and projections

    We assist management in preparing forecasts and projections that are in compliance with reporting standards.

    • Special financial analysis and consultation

    We assist companies in assessing the fiscal condition and soundness of financial management practices and provide recommendations for improvement.

    • Compilations and reviews of financial statements 

    All compilations and reviews are conducted in accordance with the Sri Lanka Accounting Standards and Practicing Statements. Our understanding of your unique business and operations is of critical importance when expressing assurance that no material modifications need to be made to the financial statements.

    5) Contract Accounting Services

    Providing accounting services to companies outsourcing finance functions

  • 02). Tax Advisory

    With today’s complex puzzle of rules and regulations, we manage our client’s tax strategy and statutory requirements saving our client time, money and resources.

    Our experienced tax professionals help our clients to minimize their tax liability through careful preplanning and preparation which ensures compliance with local and international tax laws. We also keep our clients informed of the latest changes concerning rules and regulations imposed by tax regulators which would have an impact on their business’s tax strategy. 

    • Tax Planning

    Assisting clients with tax functions by aligning tax planning with organization’s goals and providing strategic, tactical & transactional business solutions using core competencies.

    •  Tax Review

    Carrying out in-depth tax reviews of companies to identify overall tax position including income tax and other taxes payable, refunds claimable, assessments issued, appeals etc.

    • Tax Report Services

    Providing tax compliance reporting, liaising with the Inland Revenue department with regard to any taxation issues, providing tax process improvement solutions and quantitative data analysis.

    • Handling of Statutory Payments

    Obtaining registrations, analisis, and computation on a monthly/quarterly basis, filing of returns, handling of payments and maintaining records of the relevant files for PAYE, VAT, EPF and ETF.

    • Advice on Business Structure

    Providing advice on structure, process and procedures for starting new businesses

  • 03). Other Special Assignments

    Our professionals help client firms to reach well evaluated business solutions. To achieve this objective, in addition to auditing, taxation and secretarial services, we offer the following.

    • Management Services – 

    Have you had a difficult time finding ways to make your company more efficient so that you can increase your profits or reduce costs? Would you like to restructure your organization, but your role in the company makes it difficult for you to see the project from an objective perspective? If so, then you might need management consulting services.

    Our team of consultants having experience in diverse fields can provide insight and know- how to achieve your company goals. We possess the right people, with the right knowledge, and the experience to come up with and implement a successful solution.

    • Financial Risk Management Services –

    Assisting clients by identifying, assessing and prioritizing risks and recommending suitable risk mitigating measures.

    • Corporate Financial Services-

    Providing solutions for organizations and individuals embarking on strategic decisions such as acquisition, diversification, restructuring or financing, providing strategic advice on mergers, acquisitions raising of capital, valuation of enterprises, privatization projects and due diligence reviews.

  • 04). Secretarial Services

    The functions that we carry out extend to company formation, legislative company formation and compliance services encompassing work related to patents, trademarks, designs, licenses and the like.

    We provide the following services as part of our regular secretarial service:

    • Acting as company secretaries
    • Name search and obtaining approval   
    • Company incorporation services
    • Maintaining statutory books and records of the companies
    • Advice and assistance in formation of companies
© KPAC Associates 2020