Blog - Mgi Alekim LLP

ESG ASSURANCE

Organizations are increasingly seeking assurance on a broad range of information that is measurable and actionable on climate action, sustainability, governance, and social issues that provide a holistic view of your organization, and information needs to be accurate so that it can be relied upon. ISAE 3000: outlines the principles and procedures that assurance practitioners […]
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The role of Project Audits in Donor Funded Projects

Donor-funded projects are collaborative efforts aimed at fostering development and providing aid where it is most needed. Compliance with specific donor conditions and contractual obligations is essential in donor funded projects. Project audits therefore plays a critical role in ensuring efficient resource utilization by reviewing expenditures, budget overruns and inefficiencies. Moreover, this provides assurance to […]
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Transfer Pricing in Kenya

Transfer Pricing in Kenya

Transfer Pricing refers to the value which is attached to the goods or services transferred between related parties. It is the price that is paid for goods or services transferred from one unit of an organization to its other units situated in different countries. Transfer pricing regulations in Kenya necessitate that transactions involving Kenyan resident […]
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Executive Summary

Executive Summary IFRS 9 and expected loss provisioning The International Accounting Standards Board (IASB) and other accounting standard setters set out principles-based standards on how entities should recognise and provide for credit losses for financial statement reporting purposes. In July 2014, the IASB issued International Financial Reporting Standard 9. Financial Instruments (IFRS 9), which introduced […]
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