Cabinet Belayachi Company Essay Example | Topics and Well Written Essays - 4250 words

Cabinet Belayachi Company - Essay ExampleIt is evident from the shoot that sometimes organizations engage in fraudulent activities deal evaluate evasion and account fudging. Most of the fudging is through with(p) in minute level and thus it becomes hard to be detected by someone who does non have knowledge and as well as experience to perform auditing and verification of the accounts. In coordinate to perform account verification a small, family-owned organization is hired in order to verify the invitees accounts reliability and transparency. The firm also it also tries to establish taxation strategies for its clients in order to reduce the taxes amount to be paid. The financial statements contain vital information pertaining to aspects like financial soundness and stability. Sometimes the companies and organizations are not aware of the unnecessary costs that bear down heavily on the revenue. Application of specific techniques like ratio analysis and balance sheet analysis h elp the companies in developing specific strategies to amplification the revenue and at same time decrease the costs. Financial diagnoses are performed by the firm by identifying the less productive functions of a given company. Based on the specific findings obtained from the analysis of the financial diagnosing specific strategies are formulated and integrated to optimize the companys resources. It is active since 1997and has a client base of more than 250, from various economic sectors. Its capital stock is of 100 000 Euros. Years of high timberland service and hard graze has helped the firm develop long standing(a) relationships with various firms. This long standing relationship in turn has helped the firm to ease the knead of account verification and auditing. The firm does not have a huge workforce. Its workforce comprises of 15 employees only. Although the total client base is more than 250, so for this reason sometimes it becomes necessary to work at the clients premise s. Another reason for which the employees had to work at the clients office premises is to keep the confidentiality of the sensitive information. The direct access to the sensitive information send away be misused by perpetrators and this will give rise to cases of non compliance and subsequent legal minutes in the court of law. So for this reason it becomes necessary to allow the employees, have a full and frank access to all the documents needed to achieve the assigned mission. Cabinet Belayachi also looks at the tax problems of the companies. tax revenue is a vast domain, with innumerable clauses and rules. Thus it becomes impossible for small and medium companies to keep dedicated in house tax consultants who will guide the companies to file for the taxes and returns. These companies most of the time approach 3rd fellowship companies on an one-off basis or on demand basis particularly on those times of the family when the tax filing and return deadline approaches (Betty 60 4). Cabinet Belayachi, acts as a tax consultant offering dependable advices on taxation. Sometimes Cabinet Belayachi is frequently asked to work closely with taxes inspector in case of clients tax adjustments. For that matter, the practice has built a long-term relationship with tax officials in order to ease the process during the mentioned situation. 2. Presentation of department