Main Services
External Audit
External Audit service is essential to establish credibility and build reputation, critically important assets in the global economy. Audit and Assurance services provide credibility to financial reports and business information and gives confidence to users and stakeholders who rely on this information.
GPS assist owners, shareholders and managers in making sound business decisions, thus meeting their objectives. During an audit, we aim to gain a real understanding of your business and the quality and effectiveness of your accounting and control systems.
Our examinations are based on statutory requirements and local auditing practices, and our procedures comply with the international standards on auditing.
Internal Audit
GPS provides internal audit services to help organizations bring a systematic and disciplined approach to improve the effectiveness of control and governance processes.
GPS professionals assess whether the procedures adopted by organizations comply with the envisioned policies and whether best practices are being implemented throughout the organization.
Taxation
In completing tax returns and supporting computations and schedules with calculating tax allowances in dealing with all tax authority enquirers in a careful and intelligent way advice on tax return filing deadlines, tax payment deadlines and other important dates in dealing with assessments, objections and appeals with corporate tax compliance planning and management of your group or company.
Other Services
Agreed-upon procedures
An agreed-upon procedures engagement is one in which our valuable client engaged us to issue a report of findings based on specific procedures performed on a specific subject matter. In this engagement, we do not express an opinion or negative assurance. Instead, the report will be a detailed account of the exact procedures we performed and the specific results of those procedures.
We have performed AUP engagements for a wide variety of subject matters across numerous industries. Because AUP engagements are targeted to meet the risks identified by specified parties, clients pay for the services and limit the scope of the engagement, thus reducing fees. Instead of performing a full blown financial statement audit or review of internal controls across a wide variety of control objectives, we target our testing procedures to those areas of the financial statements or internal controls the specified parties are interested in reviewing.
Benefits
There are numerous benefits of agreed upon procedures, including:
• Obtaining loans: A bank may need assurances on receivables and inventory that serve as collateral for a loan. Agreed upon procedures can be performed on those specific financial statement elements.
• Staying compliant: If you work for a government or nonprofit agency through agreed upon procedures your agency can focus on specific regulatory requirements to determine the agency’s compliance.
• Limiting scope: This will reduce fees while maximizing the benefits of the review.
Corporate Governance
Our qualified team provides corporate governance practices. Corporate governance is the system of rules, practices and processes by which a firm is directed and controlled. Corporate governance essentially involves balancing the interests of a company's many stakeholders, such as shareholders, management, customers, suppliers, financiers, government and the community. Since corporate governance also provides the framework for attaining a company's objectives, it encompasses practically every sphere of management, from action plans and internal controls to performance measurement and corporate disclosure.
Business valuation
Your business is your major asset and it is understandable that you want to know its value. Think the business valuation as a "subjective science". The science part is when valuing your business - you have to apply standard valuation methods. The subjective part is that every buyer’s circumstances and considerations are different, so for the same business two buyers may propose two different offers.
Value is calculated. Price is negotiated.
Liquidation of companies
We take control of an insolvent company's affairs so that it can be wound up in a fair way. As liquidators we typically fulfill the following obligations:
• Realization of assets
• Cancellation of contracts and identification of liabilities;
• Supervise the maintenance of accounting records;
• File tax returns (VAT, taxe d’abonnement);
• Call shareholders’ meetings;
• Prepare the report of the liquidator to the General Meeting;
• Organise the audit of the liquidation and respond to auditors’ queries.
Audit/Review part or one account of the fiancial statment
We apply the international standard on Auditing while performing AUDITS OF SINGLE FINANCIAL STATEMENTS AND SPECIFIC ELEMENTS, ACCOUNTS OR ITEMS OF A FINANCIAL STATEMENT in order to provide our client with the highest quality services allowing them to achieve their business objectives and goals.
Due diligence
Due diligence is a precautionary process that reduces transaction risk by collecting and analyzing the material facts of the other party in a business transaction. This enables buyers, investors, lenders, partners and other potential stakeholders to a transaction to fully assess the risk of a transaction.
GPS’s services in this area include financial due diligence, market and commercial due diligence, legal due diligence and tax due diligence.
Financial policies and procedures
We work with our valuable clients to develop financial policies and procedures. These policies and procedures allow companies to have a strong internal control system to prevent and detect risks including risk of errors and fraud and help them to safeguard their assets.
Accounting and book keeping
We work with our client to establish and develop financial processes and management.
Our professional staff will handle the daily accounting transaction entries: Accounts payable, Accounts receivable, processing payments and receipts, revenues and expenses, maintaining and updating shareholders accounts. We process the payroll from recording salaries parables till payments of these dues.
Our experts generate accurate financial reports and assist the management in taking the right decisions.
Training solutions and profesional training
Employees represent a major asset for our valuable clients. GPS offers training and development program to assist employees of our client to gain specific knowledge in order to succeed in their jobs and to grow and have better performance in the future.
We assess the gap between the current employees’ skills and the ideal skills and work in designing and developing the training program that help the company to meet its objectives.
Social security (NSSF)
The physical act of executing payroll is not straight forward. There is a plethora of paper work and records requirements, filing requirement, withholding to perform and third party payments to execute. These logistics can seem daunting and mistake can be costly to business of any size.
GPS offer the service of handling all NSSF related operations required as a result of hiring employees from the date of joining until the date they leave the company including registration with the fund, contributions calculation and declarations, end of service indemnity calculations, etc.
Fraud investigation
One of the major risk business faces is fraud, which has a big impact on organization. Our Certified Fraud examiners help organizations to develop a strong risk management process to prevent, detect and investigate any fraud situation.
Compilation
We assist our client in presenting their financial statements. The financial statement compilation is the least expensive of the various forms of auditing services, and so is preferred by those cost-sensitive entities whose financial statement users are comfortable with this form of engagement.
The financial statement preparation service is primarily intended for the own use of the owners in order for them to have current information on the financial position of their business and to make the appropriate decision
Mediation and Arbitration
GPS helps its client saving money and time by solving their disputes through mediation and arbitration. Mediation and arbitration are expected to expand significantly in the future especially the commercial and employment dispute.
Mediation and Arbitration have the same goal which is reaching a resolution for disputes. However, the main difference between arbitration and mediation is that in arbitration the intermediary listen to evidence and makes a decision. In mediation, the process is a negotiation with the assistance of a third party. The parties do not reach a resolution unless all sides agree.
Business and investment advisrory services
Our clients are driven to improve performance, secure value for money, achieve required returns and optimize use of assets. To do so, we know they increasingly seek to understand market drivers, technical, commercial and operational issues.
GPS’s specialists translate technical and commercial issues into financial analysis and clear recommendations. This allows our clients to fully evaluate investment opportunities, creating a competitive edge for investors or delivery certainty for asset owners.
Our strategic and economic advice helps our clients take the right direction. We future proof projects, programs and businesses against risks and challenges through our deep understanding of policy and regulatory issues, our industry knowledge and technical expertise.
Our business and investment advisory services include:
• Feasibility studies
• Market Studies & Research
• Social and Economic Studies and Research
• Business plans
• Strategic plans
Organization and restructuring
Successful restructuring and reorganization of an organization requires good preparation in advance, good planning which will address all the programmatic needs, support services which are needed to advance those organizational goals, good planning of the workforce and brilliant communication skills.
- Process improvement
Process Improvement is the proactive task of identifying, analyzing and improving upon existing business processes within an organization for optimization and to meet new quotas or standards of quality. We use a systematic approach by following a specific methodology.
Process Improvement is an ongoing practice and should always be followed up with the analysis of tangible areas of improvement.
- Recruitment (Human Resource System)
HR Recruitment Services offer a full HR recruitment company service for your business. We will take responsibility for each step in the recruitment process from sourcing and selecting staff, through to the interview process and the induction of staff.
- Business process reengineering
Business Process Reengineering aims at cutting down enterprise costs and process redundancies, but unlike other process management techniques, it does so on a much broader scale. Business Process Reengineering attempts to restructure, wipe out redundancies, and remodel processes differently.
- Restructuring
Restructuring refers to the management process of reorganizing a company to make it more profitable. A restructuring may include a variety of measures to eliminate diseconomies of scale, such as reorganizing and streamlining the management and operations, integrating management teams from the buyers or new owners or spinning-off, closing, or streamlining various operating units within the company, It may also include a debt restructuring.
A successful restructuring will usually result in a higher valuation of the company.
Privatization and public partneship (PPP)
Public-private partnerships (PPPs) can be a tool to meet needs for infrastructure services. When designed well and implemented in a balanced regulatory environment, PPPs can bring greater efficiency and sustainability to the provision of public services such as water, sanitation, energy, transport, telecommunications, healthcare, and education. PPPs can also allow for better allocation of risk between public and private entities.
Our team is ready to guide you through each stage of the PPP, providing clarity, and helping you efficiently manage your contracts and projects.
Intellectual properties
Organizations seek to protect its patent, trademarks, design and much more in multiple countries in a cost – effective ways. GPS works to ensure the maximum legal protection for its valuable customers.
Professional translation
Our experts follow a quality assurance practice to deliver services of the highest quality. We are expert in translation from/to English, Arabic, French & Chinese.
Technology
Our professional experts provide high-quality I.T. services throughout credible consultation as well as practical and professional training.