SMITHRICHARDS ( Cert. Publ. Accts, & Cert. Forensic Accts) - Accra

SMITHRICHARDS SERVICES

We help organisations to work smarter and grow faster. We consult with our clients to build effective organisations, innovate & grow, reduce costs, manage risk & regulation and leverage talent. Our aim is to support you in designing, managing and executing lasting beneficial change.

1. FINANCIAL ADVISORY SERVICES
Our team has in depth local experience in delivering the following services:

1.1 Independent business and solvency reviews:
These involve undertaking either high level or in-depth financial and operational reviews of businesses, typically at the request of lenders, where the business is facing financial difficulties. The review identifies the key issues facing the struggling business, identifies options available to the business and the lender,  

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and provides a recommendation of the way forward for the client.

1.2 Turnarounds and alternative exit solutions:
We offer advice and hands-on implementation support to clients on improvements that will assist a struggling business to overcome its difficulties. Where appropriate, in order to preserve and maximise value for the stakeholders of the business, we identify and recommend actions such as sale of all or part of the business, a gradual wind down and closure.

1.3 Insolvency solutions:
We offer formal insolvency services including receiverships and liquidations, to lenders and as advisors to the Official Liquidator.

1.4 Transactions
Our transactions division provides comprehensive commercial, financial, economic and strategic advice to companies facing significant business growth opportunities. We build relationships with our clients and provide excellent advice and independence. Our services include:
• Due diligence Valuations;
• Transaction Advisory;
• Privatization;
• Public Private Partnership and project finance;
• Debt Advisory;
• Bid support and defence; and
• Business modeling.

2. FORENSIC ACCOUNTING & IVESTIGATION SERVICES

Our team has a thorough understanding of the nature and impact of economic crimes. Our staff are trained in forensic accounting and investigation techniques and our local knowledge and expertise is supplemented by support from our associates who are lawyers, former regulators, computer forensic specialists, engineers and other experts who can help to investigate, analyse and resolve potential crises as required. Our investigations and forensic services may be grouped as follows:

2.1. Investigations:
Include working out what went wrong, quantifying losses where possible, identifying and securing evidence of wrong doing, using information technology and up to date techniques to uncover concealed information and preparing reports, affidavits etc. for use in legal proceedings to recover assets lost as a result of wrongdoing.

2.2. Asset Recovery:
We are able to assist our clients to unravel complex transactions involving the improper transfers of funds and assets leading to eventual recovery. We also advise on improvements that will minimise the likelihood of further losses and the identification of potential recoveries fro others less directly involved e.g. those who have assisted in the laundering of proceeds.

2.3. Prevention and Deterrence Advice:
We provide advisory services to help organizations put preventative measures in place. This typically involves fraud risk management reviews, which assist clients to make informed decisions on how best to mitigate exposure to fraud. We also identify, recommend and assist with the implementation of procedures that reduce the organization’s exposure to fraud.

2.4. Other Forensic Advisory services
Better still, we can provide forensic advisory services up front to prevent issues from arising in the first place.
Other services include:
• Forensic technology, data discovery and e-Discovery;
• Economic damage analysis;
• Information risk and records management;
• Anti-fraud/anti-corruption services;
• Licensing and contract disputes.


3. CERTIFIED PUBLIC ACCOUNTING SERVICES

3.1. Audit and Assurance
SMITHRICHARDS has the knowledge and expertise necessary to help you with complex financial accounting and auditing & compliance issues related to matters such as statutory, project and other audits, valuations, pensions and share plans, IFRS conversions, and corporate treasury and company secretarial functions.


3.2. Finance Functions Upgrading
Today's CFOs and FDs are faced with a complex, constantly changing business environment. Their companies' strategies for managing challenges need to be supported by a flexible finance organization that delivers transparent, efficient and forward-looking insight, whiles at the same time manages risk and compliance, effectively leverages capital and maximizes liquidity. Our team is equipped to help upgrade your finance function to its maximum potential through:
• Financial and Cost Management;
• Finance transformation and organization design;
• Corporate performance management;
• Control optimization;
• Cost reduction and revenue maximization;
• Finance capabilities assessment.

3.3. Payroll Outsourcing
Are you challenged with complicated payroll tax structure or you want to focus on your core business, then we are here to take care of that burden. At SMITHRICHARDS, we provide high quality and confidential payroll services for domestic and foreign clients.
The service includes:
• Payroll computations
• Providing pay slips
• Payroll report,
• Direct deposit and
• Filling of deductions at Ghana Revenue Authority and SSNIT Advisory.

We also act as local agent for international payroll and contract management firms who have consultants working in Ghana. We manage the entire payroll process of their consultants and ensure statutory requirements in Ghana are met.

3.4. Financial and Cost Management
Financial managers face complex business issues with imperfect information regarding financial and cost implications. Effective financial and cost management integrates resource allocations, process integration, monitoring and controls, and reporting. SMITHRICHARDS builds practical, timely, best-value solutions to solve an organization’s financial and cost management challenges.

3.5. TAX
SMITHRICHARDS offers a range of tax and services to assist taxpayers with tax planning, compliance, revenue negotiations and appeals. Our staff with accountancy, legal, or revenue training and experience, specialize in corporate and withholding tax, employee and personal tax, indirect tax (VAT and duties), or company secretarial and related corporate services.


4. MANAGEMENT CONSULTANCY SERVICES

4.1. Business Process Reviews and enforcement

4.2. Business Recovery
Troubled or underperforming companies, their shareholders, lenders, creditors and other stakeholders need support to help make informed decisions. We work with colleagues across the entire breadth and depth of the firm, from tax and assurance to advisory to provide the specialist situational knowledge that you need to make the right decisions. Our services include:
• Restructuring, turnaround and reorganisation planning;
• Operating and financial efficiency during a crisis;
• Bankruptcy and insolvency advisory;
• Distressed sell/buy-side advisory;
• Independent business reviews;
• Distressed M&A and financing.

4.3. People and Change
Getting the best from people at every level when there is constant change is the key to sustainable competitive advantage. Solid strategies, processes and technology alone do not deliver results. It takes people to accept, adopt, drive and sustain the change to realise tangible impact. Success in business hinges on strategic agility and the ability to execute:
• Talent management;
• Organisational design;
• Leadership development;
• Succession management;
• Learning;
• Employee engagement;
• Change management;
• Human resource effectiveness and metrics.

4.4. Strategy and Operations Services
We help companies achieve strategic and operational excellence through sustainable improvements and more efficient processes that lower costs, increase cash flows and enhance customer satisfaction.
We can develop or appraise strategic business plans through a rigorous analysis of our clients' market environment, competitive landscape and internal capabilities. We can help you to determine the right strategic priorities for profitable growth and we offer support and practical solutions for achieving these growth objectives.
Our strategy services include:
• Strategic planning;
• Organisational strategy;
• Growth strategy;
• Financial and acquisition strategy;
• Customer strategy;
• Business and technology design;
• Supply chain management strategy;
• Sales, business development and pricing strategy;

4.5. Operations
The demand for a customer-centric focus, end-to-end integrated operations and optimal cost management has never been greater. We bring capabilities in management and process improvement to help companies optimise their operating processes and supply chains. Our operations services include:
• Operations and process excellence consulting;
• Shared Services Centre (SSC) design and operations;
• Customer experience optimisation consulting;
• Supply chain management consulting.

4.6. Sustainability & Climate Change Services
Organizations today operate within a complex environment with growing pressures from many angles. These include the need for transparency from stakeholders; consumer pressure (licence to operate); growing and changing risks to business models and supply chains; and increased competition for efficiency and growth opportunities attained through access to new products and markets.
Our sustainability experts help our clients in defining their sustainability strategy; advising on policy; operational change; risk management; reporting; monitoring and assuring their progress – all through a sustainability lens. We help our clients integrate environmental, social and governance issues into their operations and embrace the challenges of today's business environment as opportunities for long term and sustainable growth.
Our Sustainability & Climate Change Services include:
• Sustainability Strategy & Sustainability Awareness Training;
• Payment for Ecosystem Services (PES);
• Sustainability Reporting and Assurance;
• Environmental & Regulatory Compliance (EIA, SEA, ESIA, SESA);
• Sustainable Finance & Training;
• Green Growth Strategy;
• Climate Change Strategy & Adaptation;
• Sustainable Forest Management including REDD+ Strategy;
• Natural Resource Management including Eco-efficiency;
• Green House Gas emissions inventory and assurance (including carbon footprinting);
• Environmental Due Diligence
• Stakeholder Management & Engagement
• Corporate Social Responsibility Strategy
In Ghana we create value by deploying a set of environmental, social and governance tools to address sustainability & climate change needs of the public and private sector. We use a hybrid model, focusing on cross-selling within our Industry Groups, Lines of Service and Business Units, drawing on our global network experiences

4.7 EXECUTIVE SEARCH & SELECT
What are you seeking in your career? Whether you’re an accomplished professional or a promising new talent, you'll be challenged by the work, the people on your team, and the clients we serve — from rocket-fuelled start-ups to the world’s leading organizations. You'll be constantly learning, and your ideas will be welcomed in an atmosphere of collaboration and teamwork.

4.8 HUMAN RESOURCES
The world of work is changing. Where, how and for whom people work is, in turn, transforming company structures and cultures. Over the next decade, the convergence of dominant business, demographics, and social trends will only accelerate the changes sweeping through today’s workplace.

5. OIL AND GAS ACCOUNTING & CONSULTING SERVICES
Our services include Petroleum accounting, Oil & Gas Consulting, and Petroleum Economics and management advisory.


SMITHRICHARDS INDUSTRIES

Banking & Capital Market
Energy, Utilities and Mining
Financial Services
Public Sector / Government
Technology & Telecommunication
Consumer Business