list of services provided

List Of Services Provided By Our Office

SHEREEF

SAMEH

CPAS LIST OF SERVICES PROVIDED

Shereef Sameh 64 Hesham-Labib St., Nasr City.

Public Accountants Cairo, Egypt.

Business Advisors and Tax Consultants Telephone : +202 26707051 Audit*Tax*Advisory*Risk Telefax : +202 22748919 Quality is our concern Email : [email protected]

We are always exceed our clients' expectations. 1

What We Do...

We are independent company of Chartered Accountants, Business Advisors,

Tax Consultants and we offer a comprehensive range of Accounting and

Finance Services, Business Advisory and Audit for Egyptian an

International company of all sizes across all sectors. Whether venture

capitalists or private investors, Governmental and Not-for profit

organizations. We fully understand the dynamics of running a successful

business and balancing the demands of external investors. We aim to deliver highest level outsourced service to you and your business.

Shereef Sameh provides a wide range of services to individuals and businesses in a variety of

industries. At Shereef Sameh, we strive to meet each client's specific needs in planning for

the future and achieving their goals in an ever-changing financial and regulatory

environment.





Our professional services include:

Audits, Reviews, and Compilation.

Tax Management Services.

Company formation.

Social Insurance.

Accounting Services.

Bookkeeping.

Internal Audit.

Internal Controls (Risk Assessment &Corporate Governance).

Recruitment Services.

Human Resources.

Payroll Services.

Training and Staff development.

Financial Advisory Service.

Transaction and Restructuring Services… Due-diligence.

Business Valuation.

Forensic services.

Audits, Reviews, and Compilation

Shereef Sameh's financial statement services comprise all three levels of assurance depending on your

company’s needs.

- Audits:- offer the highest level of assurance to third parties, and include in-depth examination and

confirmation of account balances, inventories, and selected transactions. An audit includes examining, on

a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also

includes assessing the accounting principles used and significant estimates made by management as well

as evaluating the overall financial statements presentation. We perform audits for you to remove errors,

ascertaining the validity and reliability of your information.

- Reviews:- provide limited assurance to outside interests and involve inquiries and analytical procedures

that confirm financial statement matters and identify any items requiring further analysis. We perform

reviews to ensure the integrity of your data.

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- Compilations:- are usually requested for internal purposes and are based upon information provided by

a company's management. They do not offer assurance but may involve some adjustment to accounting

records.

- Others:- Where a chartered accountant, certified public accountant or other credentialed professional is

engaged to issue or issues an examination, a review, or an agreed-upon procedures report on a subject

matter, or an assertion about a subject matter that is the responsibility of another party.

It involves rendering an opinion on financial statements prepared in accordance with accounting

principles relevant to the entity, whether in accordance with Egyptian Accounting Standards, International

Financial Reporting Standards (IFRS), US Generally Accepted Accounting Principles (US GAAP) or

accounting principles generally accepted in a specific country.

It also includes reporting on internal control as part of the financial statement audit, advice on application

of accounting principles and rules in conjunction with financial statement audits.

Our Audit Methodology

Our audits are planned to be responsive to our assessment of the risk of material misstatement based on

the understanding we gain of the organization and its environment, including its internal control. We

utilize this understanding to design the nature, timing, and extent of our audit procedures, while

maintaining an objective and independent attitude. We also strive to provide timely communications

regarding professional developments, and insights regarding matters that may affect the organization’s

business.

Tax Management Services

At Shereef Sameh we guide our clients through a full range of tax planning and preparation decisions

with strategies that minimize your tax liabilities maximize your cash flow and keep you on track to your

financial goals. Our expertise, experience, analysis and thorough research allow us to optimize financial

opportunities to be found in existing as well as recently altered tax laws. We are knowledgeable and up to

date on the tax laws and can make sense of your receipts, bills and notices.

Prepare and file all regular tax reports (Corporate tax, Sales Tax, Personal income tax, Local tax

and all other tax declarations as required by local law).

File modifications to company set up with the local tax authorities as appropriate.

Ensure that Company is informed of all payable taxes and informed when there any changes to

local law.

Ensure that the Company is notified of any payments required well in advance of their due date.

Represent the Company at all tax authorities, as and when requested by those authorities.





Preparation of the necessary tax statistical reports.

Preparation of all year-end tax declarations.

Tax administration representation.

Liaise with auditors as and when necessary.

We ensure that the service delivered to clients is of high quality and takes into consideration both local

and cross –border tax aspects.

Company formation

We advise the clients to establish the most appropriate company form which is suitable for there activities

in Egypt, and assist the clients to establish, split, merge, liquidate and change the companies forms with

the different Egyptian Authorities.

We deliver a high quality services which enabled us to develop strong and trusted relationships with the

Regulatory Authorities in Egypt. This enables us to bring insights into real issues facing companies and

provide guidance on future regulatory developments.

Social Insurance

Our social insurance services cover dealing with the offices to establish the required files at such offices

for employees as well as the construction contracts social insurance, we also represent the client with the

various appeal degrees.

Advisory Services….Improving performance reducing risk

By understanding the key market drivers we are able to provide advice that really adds value.

Accounting Services

From start-ups to established enterprises, businesses rely on accurate and insightful financial information

in order to maintain profitability and capitalize on new opportunities. Shereef Sameh accounting services

steer you closer to these goals with accurate record-keeping and reporting as well as support on financial

issues such as initial accounting system setup, cost-containment, tax planning, investments, and employee

benefit and profit-sharing plans.








At Shereef Sameh supplies a full range of accounting services. From advice on setting up or improving

systems to preparation of annual and periodic management accounts. These services will ensure you have

the facts you need to make management decisions.

We have the technical expertise to provide a first class service and the resources to satisfy your particular

needs to a set timetable. We focus on your business and strive to help you by providing you with the

financial information you need to enable you in running your business.

These services include but are not limited to :

- General ledger and financial statement preparation.

- Bookkeeping (Monthly, quarterly, or annual).

- Accounting system setup and support.

- Payroll processing.

- Cash flow budgeting and forecasting.

- Personal financial statements.

- Employee benefit and profit-sharing plans.

- Corporate tax planning and return preparation.

- Litigation support.

Bookkeeping

Accurate record-keeping is essential to a successful business yet can also be complicated and time

consuming. Shereef Sameh can help you with the organization and day-to-day tasks of bookkeeping so

that you can focus on your core business, these include:

Design the Company’s accounting policy, valuation methods and ledger accounts.

Maintain the sales and purchase ledger on behalf of the Company.

Monthly keeping of accounting registers according Egyptian accounting Standards and IFRSs.

Daily accounting check-up.

Monitoring and control of cash flows.

Calculate “benefit in kind” given to employees as appropriate under local law.

Ensure that appropriate authorization is sought for expenditures with the Company (in line with

Authority Limits set for the Managing Director).

Ensure that all invoices are stored securely and kept for at least the mandatory period (as

imposed by local law).

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Fixed Assets:- Maintain asset register, ensure that items are capitalized in line with local law and

according to IFRSs and Ensure that depreciation is applied correctly

Personal Training:- We train you personally! Either one-on-one or several individuals within your

organization at your company's location.

Internal Audit

Internal Audit plays a critical role in corporate governance frameworks by providing independent

assurance that protects the business against risk, informs strategic decision making and improves overall

performance.

Our key strength is that we are able to give clients access to our extensive experience and knowledge of

best practice as leading internal audit services providers.

Our internal audit professionals help you assess how your company’s internal audit functions compare

with leading practices and how these functions align with the current and future objectives of your audit

committee, executive management, and operating units.

We also help you identify target areas for performance improvement and make recommendations to

achieve a more effective and efficient function that is aligned with your company’s needs and

expectations.

How we can support you:

Benchmarking internal audit performance.

Providing advisory services to management and staff in the context of internal audit work.

Carry out performance, financial and compliance audit projects within finance, treasury and

investment according to approved internal audit methodology.

Advising boards on optimum resourcing models.

Providing co-sourcing/outsourcing services.

Improving the quality, productivity and value of in-house services.

Enhancing internal audit methodologies to improve audit execution.

Offer major inputs to developments of the annual audit plan as well as the training, coaching and

supervision to Internal Audit staff.






Our internal audit methodology is used completely or in conjunction with a client's existing

methodology as the framework to build, execute and trak a risk-based internal audit plan.This plan

assists the client with managing process and technology risks and efficiently integrating technology

within critical business processes. These services can help management better understand and

monitor the performance of core operations and support functions, as well as ensure the proper level

of control.

Internal Controls (Risk Assessment & Corporate Governance)

By combining our knowledge of financial, strategic, operational and compliance risks with our deep

internal controls experience, we can help you assess your internal controls and develop a risk-focused

internal control program that will help enhance your process and control efficiencies and address your

reporting and regulatory compliance needs.

At Shereef Sameh, we are aware of the challenges you face and we have developed a risk based approach

to assessing management systems that are crucial to meeting objectives, improving competitiveness,

controlling risks and helping you deliver on your promises. This approach helps you manage your

systems and risks to improve and protect the current and future performance of your organization.

Further, our risk based approach allows us to tailor the assessment according to the maturity of the clients

systems.

Our areas of focus include the following services:

Financial services risk management:- including enterprise risk management frameworks to

credit risk, market risk, operational risk, regulatory compliance and treasury function programs

for financial services organizations.

Risk management-: Risk management is the identification, assessment, and prioritization of

risks (defined in ISO 31000 as the effect of uncertainty on objectives, whether positive or

negative) followed by coordinated and economical application of resources to minimize, monitor,

and control the probability and/or impact of unfortunate events or to maximize the realization of

opportunities. Corporate governance:-Today’s organizations face unprecedented challenges in establishing

proper corporate governance, managing their risks and complying with ever changing laws,

regulations and internal policies in a cost-effective manner that protests their reputations and

brands, We are helping you to do that in an efficient manner. Also we helps our clients do the

following:

- Understand and comply with regulatory requirements.


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http://en.wikipedia.org/wiki/Risk

http://en.wikipedia.org/wiki/ISO_31000





- Implement the right corporate governance framework in regard to these regulations.

- Establish appropriate compliance practices.

Contract risk-: a review of contracts and agreements with one or more third party.

Internal controls and regulatory compliance-: assists in evaluating the operating effectiveness

of internal controls over financial reporting, identifying control deficiencies and formulating

appropriate action plans across the enterprise. Enterprise risk assessment-: advises organizations on identifying, assessing and prioritizing

their key business risks across the organization.

Program advisory-: assists organizations in managing the risks associated with significant

programs and projects. Includes a set of services aimed at the critical areas of program or project

delivery including: business acceptance, vision and direction, planning and execution, and

measuring and monitoring.

Production of process flow diagrams and documentation.

Design, implementation and testing of controls.

Recruitment Services

The appropriate selection of leaders of the work force and the recruitment of proper candidates are equal

in importance to acquire a distinguished asset, Selection of candidates for senior positions requires skills,

knowledge and clear understanding of the client needs.

We are helping the company to recruit executives and middle management professionals as well as fresh

graduates.

Our recruitment methodology is we build long-term relationships with our clients and provide an

initial consultation where we discuss the skills required for open positions. Our aim is to understand our

clients business and its culture, once this information is complete we will present the most appropriate

candidates available based on the required skills.

Human Resource

Now the companies are concern much about human resources, our services include:

HR Audit.

Preparing personnel policies & procedures.

Designing and Preparing Organizations’ structure.

Designing and Preparing job description.

Conducting job evaluation.





Manpower planning.

Succession Planning.

Conducting salary and benefits survey.

Designing employees’ compensation schemes.

Employees’ satisfaction surveys.

Designing performance appraisal system.

Payroll Services

Payroll accounting

Provide payroll accounting for the Company’s employees and maintain individual payroll data.

Prepare reports to the local authorities as required by local law and all reporting relating to

Pensions.

Act as the point of contact with authorities and represent the Company in front of the authorities.

Prepare data and statistical reports according to current law.

Produce payroll calculations for input into the Company’s accounts ( including calculation of the

employees basic salary, sick pay, holiday without pay etc. and the calculation of the employers

contributions on behalf of the employee as required by local law).

Calculate the tax to be paid (as applicable depending on local law) on “benefits in kind” (as

calculated by the accountants i.e. pension, health care contributions etc.).

Maintenance of employee records

Maintain full records of all staff on the payroll

Maintain records of all temporary staff.

Ensure that records are kept up to date for all staff joining the payroll and leaving the payroll.

Administer the process of staff joining/leaving the payroll ensuring that all local legal

requirements are adhered to.

Ensure that records are stored securely and kept for at least the mandatory period (as imposed by

local law).

Labor administration

Prepare documents for joining and leaving employees.

Summarizes work hours on the basis of maintaining an attendance register (or similar document).

Record holidays and permissions for holidays.

Record sickness absences.





Ensure that Company is kept up to date with changes to employment laws e.g. industrial hygiene,

computer working directives etc.

Prepare data reports to local authorities on sick leave, pension contributions etc.

Record employees with all the required authorities.

Training and Staff development

We are proud to support the business community by providing the highest standard of training.

Our training courses are designed for individuals seeking a career in accountancy as well as professionals

involved in financial accounting, management accounting, auditing and general management who are

looking to further their careers. These courses are led by experienced lecturers who count many years of

Industry related experience. The Training courses encompass industrial case studies, interactive lectures

and workshops.

We have also accumulated significant experience in developing in-house courses for a wide variety of

organizations. Such courses are held where and when the client organization chooses and have the

advantage of preserving confidentiality.

In recent years, many Egyptian organizations and individuals are seeking high quality of professional

training since the market is looking for the best, therefore, we developed a number of courses to suit all

professional needs.

The following are some of these courses:

International Financial Reporting Standards (IFRS).

Egyptian Accounting Standards.

International Auditing Standards (ISAs).

Egyptian Standards on Auditing.

Financial Planning and Risk analysis.

Costing System.

Risk-Based Audit.

Financial Assertions, How to test and evaluate.

Preparation of Audit plan and detailed Audit Programs.

Inventory management-The Nuts and Bolts.

Financial Statement Analysis.

Certified Public Accountant.

Certified Management Accountant.

Basic Financial Accounting.

Internal Audit concept and techniques.





Corporate Governance.

Financial Advisory Services

We are helping our clients to set, develop, implement and assess the financial, costing and control

systems and procedures manuals.

Our services include but are not limited to:

Financial and accounting procedures manuals.

Purchasing and contracting with suppliers, contractors, and services providers manuals.

Inventory control manuals.

Fixed Assets control policies and procedures manuals.

Budgeting policies and procedures manuals.

Costing systems.

Financial Analysis manuals.

Transaction and Restructuring Services… Due-diligence

The objective of the Transactions services is to assist the clients in assessing the risks and opportunities in

a proposed investment, whether an acquisition or disposal, we seek to improve our client’s understanding

of the issues surrounding the proposed transaction .

Our office provide divestiture, merger, and acquisition support by placing a strong emphasis on

stakeholders’ value and identifying key risks and opportunities at an early stage.

Divestiture, merger, or acquisition capabilities differ substantially from one company to another and from

one deal to the next. We tailor our approach to focus on risks, complement your strengths, and support

your areas of need.

We provide support throughout the transaction life cycle on both the “buy side” and “sell side” to both

strategic and financial buyers. This support includes pre-bid assessments financial, tax, commercial,

human resources and information systems due diligence, integration risk assessments, and accounting and

tax transaction advisory services.

Our Methodology, Intelligence for Successful Transactions is a proprietary due diligence process that

not only examines potential deal breakers but also considers value factors and risks built into the price.

This methodology transcends traditional due diligence, taking into account an expanded universe of risks





and rewards. We anticipate the impact of deal financing, compensation arrangements, and the deal

structure itself by looking beyond the closing and asking the following questions:

What are the key assumptions in arriving at this price?

Can value be conserved and created after closing?

What are the risks in the existing business, as well as during integration and beyond?

Business Valuation

The range of needs for valuing businesses continues to widen, and Shereef Sameh can provide in-depth

analysis to help you identify and analyze the factors that drive the value of your company or one in which

you have an interest.

We help you to evaluate entities that you have an interest in and guide you towards making business

decisions that you feel confident with.

Forensic services

Forensic audit and dispute resolution is a challenge that requires professional help.

We provide assistance in financial disputes requiring litigation, arbitration or expert determination, we

can also help management maintain credibility by instituting anti-fraud mechanisms.

Our services include:

Forensic investigations.

Dispute Advisory.

Anti-money Laundering.

Proactive Fraud Risk Management and Fraud Prevention Strategies.

Fraud in the Audit (ISA 240 compliance).

Regulatory Compliance (e.g. Foreign Corrupt Practices Act).

All mentioned services are performed provided that these services are allowable under applicable

professional laws and standards.

list of services provided

Documents

accounting services

tax management services

business advisory

finance services

restructuring services

professional services

recruitment services

payroll services