Introduction The termination of USAID-funded projects in Kenya requires meticulous financial reconciliation to ensure compliance with donor regulations and local laws. NGOs must systematically close their accounts, settle outstanding obligations, and submit final reports. Failure to reconcile fi ...
Introduction The termination of USAID-funded projects in Kenya has become a pressing issue for many non-governmental organizations (NGOs). Following directives from the U.S. government regarding foreign aid funding and subsequent stop-work orders (SWOs), several projects have faced abrupt or pla ...
The recent U.S. President’s directive on foreign aid and the subsequent Stop Work Order (SWO) have left many USAID-funded organisations facing abrupt Award terminations. If your Award has been terminated and not rescinded under FAR 49.102(d) due to legal action, it is essential to begin closeout pr ...
When it comes to ensuring the financial health and compliance of a business, audits play a pivotal role. However, not all audits are created equal. Two primary types of audits are internal audits and external audits, each serving distinct purposes and offering unique benefits. Understanding the key ...
In today’s digital era, the landscape of assurance has significantly evolved. With businesses increasingly relying on technology to operate, data security and integrity have become critical issues. Traditional audits, once focused purely on financial records, now extend to cybersecurity and data in ...
Every business owner dreams of finding ways to reduce their tax burden, but the fear of falling foul of tax regulations can hold them back. The good news? You don’t need to choose between optimising your business for tax savings and staying compliant. With the right approach, you can minimise your ...
As we step into 2024, the financial advisory landscape is evolving at a rapid pace. New trends are emerging that will shape how businesses and individuals approach their financial goals. For those in the industry, staying ahead of the curve is essential. If you're wondering what to expect in the co ...
Running a business is already a juggling act, and when you throw tax compliance into the mix, it can feel like you’re balancing on a tightrope. But don’t worry — staying on top of your tax obligations in Eastern Africa doesn’t have to be daunting. With the right approach and a few handy tips, you c ...
In the dynamic and rapidly evolving business environment of Eastern Africa, Small and Medium Enterprises (SMEs) are the backbone of the economy. These businesses are vital for job creation, innovation, and economic growth. However, the challenges they face, including resource constraints, regulator ...
In today’s globalized economy, financial transparency and consistency are crucial for businesses, investors, and regulators. One of the key frameworks ensuring this transparency is the International Financial Reporting Standards (IFRS). Understanding IFRS is essential for anyone involved in financi ...
