Audit and Assurance

The financial statements audit has never been more important. In today’s business environment there is more scrutiny and skepticism of a company’s financial statements than ever before. Investors have lost faith in corporate governance and reporting and they expect more: greater reliability, more oversight and clear evidence of internal controls. Corporate management, boards and audit committees, internal and external auditors, analysts and other investment professionals all have important roles to play in rebuilding investor trust by executing their respective responsibilities, keeping in mind both legal obligations and the heightened expectations of investors. Meeting investor expectations begins with the completeness and accuracy of information contained in a company’s financial statements

For organisations that require an audit for statutory or regulatory reasons associated with the filing of their annual and periodic financial information, MZ can provide high quality audit services.

MZ work takes into account all current and where appropriate, prospective auditing, accounting, and reporting regulations and guidance.

Income Tax

The objective of our tax services is to deliver integrated solutions that result in most tax efficient structure. We also provide business advice tailored to meet the specific needs of individual clients. We suggest doable options always keeping in view the fact that such options should be within the legal framework.

We assist the organisations in devising long-term development plans and to organise their expansions and diversification in a manner to optimise tax burden.

We also offer advice in specialist areas such as international corporate tax, mergers acquisitions, transfer pricing, due diligence; etc.

Financial Accounting

With the advancement in International Financial Reporting Standards (IFRS) for many of our clients, financial accounting has become a lot more complicated. And if the past few years are any guide, the future holds more regulations, new requirements, and an increasing compliance burden. As business becomes more global, with new markets opening up seemingly every day, a company’s financial accounting must meet global standards.

For all organisations that need high quality accounting advice, MZ has the breadth and depth of knowledge and technical expertise to help. Our financial accounting and accounting technical advice, guidance, and training will help improve the quality of your company’s financial reporting.

Regulatory Compliance & Reporting

Regulatory compliance and reporting needs to be viewed as a natural extension of the governance duties entrusted on top management and corporate boards. Moreover, only good governance can ensure that compliance is aligned with the company’s business objectives and risk management strategies and is thereby adding real value (and not just cost) to the organisation. Ultimately, the goal is to ensure that the spirit of compliance as well as the letter of the law is embraced in every corner of the enterprise.

For all organisations engaged in activities that come under the control of a regulator, MZ provides support, advice, and assurance to help you manage your regulatory risks. In an ever-changing regulatory environment, we help ensure that you identify, manage, and control any existing and future regulatory risks. A proactive rather than a monitoring approach to regulation is now a full time strategic necessity.

MZ experienced regulatory risk specialists, who not only know the rules, but have also, implemented and assessed compliance against them. Our people can help you at the strategic level by maximising any competitive advantages from regulation through to the operational level and by minimising the costs and disruptions to your business, thereby freeing up management time in the process.

Internal Audit

Internal audit function in today’s world needs to walk on a fine line between providing assurance and consulting to management without impairing its objectivity and independence.

Maximising the value and effectiveness of the internal audit function requires an understanding of an organisation’s objectives, risks, risk management priorities, regulatory environment, and the diverse needs of critical stakeholders including executive management, the board, employees, and shareholders. Ultimately, these needs determine the risk profile of the organisation and the strategic focus, organisation, resources and practices required of its internal audit department. We can assist organisations that need help improving the quality and effectiveness of their internal audit processes in a number of ways. First, by advising and assisting in the development of internal audit and risk management methodologies, including assessing whether the internal audit function is delivering effectively to stakeholders.

Second, by providing internal audit resourcing solutions, including full outsourcing or complementing in-house functions with specialist skills or geographical coverage. In addition, we can develop training for internal auditors using our extensive market and industry knowledge to create highly-tailored solutions.