SERVICES
HAM Consulting at a glance
Ham Consulting has a diverse and professional business team with knowledge and skills to provide an excellent variety of services that address our client’s needs
Types of services offered by HAM CONSULTING are divided into two main categories:
Attestation Services and Non-Attestation Services
Attestation Services​
There are three levels of attestation services HAM CONSULTING may provide when evaluating the business’s internal financial statements
AUDITS
Auditing services are the highest level of independent HAM CONSULTING services available.
In layman’s terms, the purpose of an audit is to independently verify by sight, confirmation, discussion with management, assessment of internal controls and analytical procedures, that a company’s financial reports are substantively correct.
Audited financial statements will also include a statement of changes in financial and detailed and referenced footnotes detailing the companies accounting methods, policies, and certain financial data.
Again, both the statement of cash flows and the attached footnotes and the procedures and reporting governing and regulatory agencies.
Audits, by nature of the work performed, as well as the reporting standards required, are substantially more expensive than any of the other levels of service available.
Publicly traded companies are examples of companies required to have an annual audit. It would be prudent also to consider having an annual audit performed when someone other than the owner performs key areas of control and exposure.
REVIEWS
A review consists predominantly of an assessment of the company’s books and records by the performance of analytical tests, certain analytical procedures (such as the comparison to prior books and records), and calculation of certain financial tests and ratios. These procedures, by their very nature, are intended to give reasonable assurance to an outside reviewer, rather than the detailed verification and reporting requirements required by an audit.
Compilations
The lowest level of attestation services we provide is a compilation. Essentially, a compilation is when HAM CONSULTING simply compiles the books and records of a client without the performance of any substantive procedures, independent verification or confirmation of any of a client’s balance.
Thus, a compilation is solely the representation of a company’s management as no verification or procedures of account balances on the balance sheet or the profit and loss statement are required.
HAM CONSULTING performs numerous non-attestation services
Non-Attestation Services
INTERNAL AUDIT
Internal auditing is an independent, objective assurance and consulting activity designed to add value and improve an organization’s operations.
It helps an organization accomplish its objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control, and governance processes.
Internal control design
Internal controls are systems, policies, procedures, and practices that are used to detect or prevent errors of commission and omission. Internal controls should safeguard an entity’s assets, which include accurate financial records.
Internal controls also promote operational efficiency and encourage adherence to prescribed managerial policies and procedures as well as laws, rules, and regulations.
Effective internal control is a cornerstone of successful management.
TAX SERVICES
Ever-changing tax laws and the growing complexity of financial and investment decisions have prompted more individuals and businesses to seek help.
HAM CONSULTING offer tax planning strategies to minimize current and future tax liabilities; prepare federal, state and local tax returns; help clients comply with tax laws and regulations, and represent clients during examinations by various tax authorities.
MANAGEMENT AND BUSINESS CONSULTING
HAM CONSULTING can assist with the formation of businesses and provide the services needed through various stages of development, such as:
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Installing accounting systems and controls
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Developing cash flow models
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Identifying ways to improve profitability
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Securing or restructuring financing
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Providing business valuations
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Advising on mergers, acquisitions, and divestitures
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Designing employee compensation and benefits packages
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Ensuring compliance with government regulations
additional services
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Bankruptcy and insolvency reorganizations
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Fraud investigations
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Professional liability claims
HAM CHARGE LIST
Supervisory Role (Option A)
Monthly Retainer fee (Excluding production of the monthly report)
Name of service | Price(monthly) |
|---|---|
Category 1 | D10,000 |
Category 2 | D20,000 |
Category 3 | D40,000 |
Category 4 | Negotiable |
Service excludes the provision of accounting software, installation and training on it. It also excludes external audit services. Any requests of this nature will be negotiated separately.
Outsourcing (Option B)
Outsource (accounting services, software updates, internal controls)
Name of service | Price(monthly) |
|---|---|
Category 1 | D10,000 |
Category 2 | D20,000 |
Category 3 | D40,000 |
Category 4 | Negotiable |
It excludes external audit services and special assignments mentioned below
Other Services Available (Special engagements (Optional and selective)
Name of service | Price(monthly) |
|---|---|
Category 1 | D10,000 |
Category 2 | D20,000 |
Category 3 | D40,000 |
Category 4 | Negotiable |