Financial Auditing Services

1. External Audit:

It has become a requirement for most business from small establishments to large corporations. External financial auditing is conducted in accordance with International Auditing Standards (ISA) taking into consideration local tax requirements. Such an audit includes the study and evaluation of internal accounting control and financial statements leading to an opinion on the financial position of the company. During the course of the audit, letters will be issued to management, whenever necessary, for the findings that need further analysis. An annual audit report will be issued at the closing of the financial year.

• Permanent Audit:

 The permanent Audit is based on day-to-day checking and evaluating especially the medium and small size companies’ fundamental activities concerning accounting transactions, technical financial assistance, tax planning, business consultancy and study of the organizational structures. We mainly focus on

• • Studying and updating your accounting system
• • Making our staff work respecting our techniques as well as your software
• • Offering you advices about some legislation and financial matters
• • Assisting you on preparation of the tax returns and legal forms to be presented to the Ministry of Finance and review the forms requested by the Social Security National Fund.
• • Auditing year-end balance sheet in order to present the financial situation of your company and to certify their reliability.

• Special Audit:

Special Auditing and other investigations are carried out upon the special request of the owners or management of the company, typically to evaluate or investigate some specific areas of the business where the management wants to assure the proper performance and practice, such as special physical inventory count, Fixed Assets codification and numbering.

• Tax Audit and Assistance:

We are specialized in tax auditing and assistance. The tax audit covers the review of all types of tax returns including Company’s Income Statement, Individual Taxes, Taxes on Salary, SSNF contribution etc… The tax audit also includes a review of the financial accountants to determine areas where taxes could be avoided in accordance with the Lebanese tax laws.

• Internal Audit:

The Internal Auditor supplements the work of the external auditor. It aims to determine the adequacy of internal controls by respecting the necessary procedures and regulations. We can assist our clients in improving their internal audit function by measuring the effectiveness of the current internal audit processes then advising them in order to improve respecting the newest internal audit methodologies. We also provide full or partial internal audit outsourcing solutions as well as we support the internal audit function with the most advanced software tools

• Business-Oriented Audit, Reviews and Compilations:

In some situations, a company’s management might require to do a specific independent investigation on an area of its operation. Mouawad & Partners provides tailored audit applicable to the specific case. Such an audit is generally conducted on an hourly basis.

International Tax Planning & Compliance Services

Mouawad & Partners provides consultancy services and planning to avoid or defer paying taxes in accordance with International Agreements. An experienced team of in-house experts with the assistance of independent Implementation is executed through our partner Totalserve. Traditional compliance services are offered in the individual, partnership, corporate, fiduciary, estate and gift tax areas. Mouawad & Partners is oriented towards tax planning services with particular emphasis in the corporate and transactional area, internationally and in local areas.

Business Plans and Budgets

At Mouawad & Partners, we review a broad range of business procedures including management’s attitude towards financial reporting to understand management’s philosophy and operating style. Auditors assist companies in setting up budgets and profit planning structures necessary for planning and controlling operations. Ina addition, auditors assist clients in developing strategic business plans, creating responsibility accounting systems and procedures encompassing budgeting and variance analysis. Many such clients respond favorably to the cash flow forecasting suggestions made by auditors after their review of cash management techniques

Acquisitions, Mergers and Joint Ventures

Our practical experience and business contacts enable us to provide the necessary advice for successful transactions. Whether you are buying, selling or merging a business, planning is the key to achieving your goals. Mouawad & Partners assists companies in successfully negotiating the complexities of mergers and acquisitions. We manage the process seamlessly, of working closely with your lawyers and bankers to execute a cost and tax-efficient conclusion to the transaction. We help perform Due Diligence & Internal Audit. Also, we help evaluate proposed structures, or provide recommended structures to accomplish the mergers or combinations desired. Mergers and other joint ventures are occurring at a faster rate than ever before. Again, tax reduction is a major component, but we would like to stress that we focus on the complete business picture.

Management Consultancy Services

In management consultancy we assist our clients in various tasks. Starting from taking major decisions in their business, to the review of the application of management instruction, to the review of the Management Information System, (The Intranet) etc… also it mainly includes the assistance in any Organizational and Management Development.
Few high-performing firms are successfully redefining finance’s role to meet the decision-support needs of senior executives. Mouawad & Partners will be of help to senior management  in providing the information and analysis needed to formulate and execute business strategic leading to corporate success.

Information Technology and Computer Systems

In this new age of the information computerizing is a key of success. IT assistance is the future of the accounting profession. We no longer live in a world where company dynamics and financial state can be determined without the use of computers. Not only IT assistance ads security, reliability and accuracy to information systems but it plays a major role by making our time more precious because of the fact that it saves time as soon as it’s computerized. Securing transactions over the Internet and protecting our identities online would be impossible without the use of IT assistance. Although still unknown to many, IT assistance will play a major role in supporting the rapidly changing nature of business transactions.
For that reason we always go for innovation in Mouawad & Partners; we are in a continuously learning and developing the knowledge of our business and the expertise of everyone in it in a sort to be always involved in the best audit solutions.
Our business is very much technology driven, using the latest tools and technological capabilities to provide the best service possible to our clients.