Accounting & Internal Audit
Our services are focused on supervising and monitoring the efficiency and effectiveness of the accounting systems implemented within the organization, in accordance with applicable local and international standards. The objective is to identify and correct any existing errors, ensuring the proper organization and smooth operation of the accounting function to achieve the highest levels of accuracy and efficiency in your establishment.
This is carried out through periodic visits to your company’s premises to review the accounting operations and procedures in place, conduct appropriate tests and regular audits, and evaluate the overall accounting performance. Our goal is to reach a well-founded conclusion regarding the accuracy and validity of the accounting treatment, resulting in financial statements that truly reflect the actual performance of your organization. These statements will then serve as a reliable basis for preparing periodic financial reports in accordance with International Financial Reporting Standards (IFRS), meeting the needs and requirements of the business owners and relevant external parties.
- Accounting Services
At Hisabat Consulting, we offer a full spectrum of professional accounting services designed to meet the needs of companies of all sizes and industries. Our services comply with International Financial Reporting Standards (IFRS) and aim to ensure financial accuracy, transparency, and reliability for decision-making.
Our accounting services include:
- Daily Journal Entries and Transaction Recording
Accurate recording of all financial transactions in accordance with approved accounting policies. - Preparation of Periodic Financial Statements
Monthly, quarterly, and annual financial reports prepared in accordance with IFRS, reflecting the true financial performance of the business. - Bank, Receivables, and Payables Reconciliation
Reconciliation of bank accounts and vendor/customer balances to ensure consistency between records and actual balances. - Historical Review and Account Reorganization
Review and correction of past accounting records, with proper restructuring of financial accounts. - Design and Implementation of Accounting Systems
Creation of a tailored accounting framework, including a chart of accounts and customized reporting formats aligned with the company’s needs.
- Internal Auditing Services
Internal audit is a strategic function aimed at strengthening internal control, improving operational efficiency, and ensuring compliance. We provide independent evaluations and actionable insights to help organizations manage risk and optimize performance.
Our internal auditing services include:
- Review of Internal Policies and Procedures
Comprehensive assessment of the current systems and controls to evaluate their effectiveness. - Compliance Testing
Ensuring that internal policies, financial procedures, and regulatory standards are consistently followed. - Identification of Weaknesses and Risk Areas
Detection of operational inefficiencies or control gaps, with tailored recommendations to address them. - Regular Audit Reporting to Senior Management
Transparent and objective audit reports to support management in making well-informed decisions. - Independent Internal Control Assessment
Delivering an unbiased professional opinion on the effectiveness of internal control systems.