Services

Office services

Sigma Accounting, Auditing and Consulting Office provides its professional services in the fields of accounting, auditing, taxation and advisory services to a wide range of clients from local and foreign private sector companies, international institutions and others. The distinguished knowledge of its employees in international accounting and auditing standards has enabled the office to keep pace with all the local and international requirements of many of the largest and most important companies, institutions and branches of foreign companies that engage in specialized activities.

Accounting Services

The office provides accounting services in the following areas:

• Designing and evaluating corporate accounting systems.
• Providing consultations for the current accounting systems and working on how to increase their effectiveness and development..
• Designing documentary courses and monitoring their proper implementation.
• Setting the accounting policies to be followed.
• Preparing financial systems and designing internal control systems.
• Preparing financial statements according to international financial reporting standards.

Audit services

The office’s services in the field of auditing are the main activity of the office, and in order to carry out the tasks of auditing accounts, the office uses the latest auditing methods applied globally, especially the audit method, which depends mainly on the study and evaluation of accounting systems and internal control systems, System Based Audit Approach, which is characterized by what it requires a comprehensive and critical examination of the systems and procedures applied by the facility. If the soundness of these systems and the correctness of their application are found, then the routine audit work of accounts can be reduced and more time is devoted to auditing in the most important areas.

The mentioned audit method allows writing a report to the management regarding the aspects that need to be developed and improved in the applied systems.

In general, these services are divided into two main parts:

Internal Audit Services:

The internal audit is one of the necessary procedures that must be applied in order to maintain the proper functioning of the work according to the desired goals and within the legal limits and to ensure that the employees and managers perform their duties within the permissible limits and as dictated by the company’s internal system.

On the other hand, conducting an operations audit is considered an initial step that must be followed by institutions and companies that are obligated to audit their accounts before the arrival of the external auditors, because the internal audit process will help detect any deficiencies in the internal control system or any accounting problems that may stumble the audit process, or prevent the external auditor from giving the company an opinion supporting its financial statements.

Our working team includes individuals specialized in preparing internal control systems and carrying out internal audit work. This team provides the relevant departments with monthly reports or when the need arises, supported by all necessary documents.

External Audit Services:

The external audit is one of the services provided by the Sigma office, which is procedures and actions carried out by our professional staff to express an opinion on the financial statements of our clients in accordance with international auditing standards.

In addition, the audit work is designed to provide advice to business owners and managers to benefit them in making their decisions and achieving the objectives of their establishments.

All audit work begins with understanding and evaluating the nature of the business of the facility to be audited which helps us to provide constructive suggestions for the development of the enterprise’s business, its strategic plans, its information systems and its internal control. And then apply audit procedures that are in line with the requirements of local laws and regulations and international auditing standards.

Tax advice

Due to the importance of tax services and advice, we provide all our clients with distinguished tax services and advice in all areas of tax. These services are provided by experts specialized in tax affairs in the office.

Tax services include assisting the office’s clients in preparing annual tax statements within the scope of local legislation, as well as representing clients when the Ministry of Finance’s controller performs tax examinations for accounting books and records. The office management is also keen to inform clients of any new legislation or tax instructions that can be used and to avoid any fines or incur additional taxes as a result of not knowing these new tax legislation or instructions in a timely manner.

The most important of these services include, for example:

• Annual and quarterly income tax declarations (Part One, Part Two, and Part Three).
• VAT declarations
• Quarterly and annual social security passes

In addition to many important permits and registrations required by the facility according to its nature and legal form, such as the Ministry of Economy and Labor, the Chamber of Industry and Commerce, and others.

• Financial Services

Sigma office provides the following financial services through its specialized section in providing these services, namely:

• Preparing economic feasibility studies for companies.
• Studying the situation of financially troubled companies and proposing appropriate solutions for them.
• Providing monthly contractual consultations by providing financial advice in all contracted works.
• Supervising the liquidity of companies.
• Consultations evaluating the feasibility of granting aid and loans to institutions and companies, small and large in size, that need financing.
• Evaluation of existing projects, evaluation of partners’ shares, re-evaluation and liquidation

 

Administrative services

These services include:

• Establishing and registering companies and drafting contracts.
• Preparing strategic plans for companies.
• Preparing organizational structures for companies and defining the jobs and responsibilities assigned to them.
• Preparing the job description and defining the technical specifications for each job and the powers assigned to it.
• Determining the required jobs and the responsibilities assigned to them, preparing the company’s salary scale, and evaluating the working staff.
• Preparing work procedures for companies.
• Procedures for restructuring companies by making the necessary correction to the technical, administrative and financial structures of the facility.

Development and Training Services

• Preparing plans and training programs and their budget.
• Conducting a study to evaluate the “workers” and determine their training needs.
• Organizing “public” and “private” training courses.
• Preparing training programs for senior administrative levels.
• Management and supervision of the training and rehabilitation department for companies and assistance in its preparation.