Services
Explore Our Service
At Rehoboth, we offer a range of services that assist our clients in facing the challenges of the new corporate environment and the changes that are occurring in a dynamic market place.
Business Restructuring and Re-engineering Services.
Our firm delivers business restructuring and re-engineering services designed to enhance the performance, efficiency, and profitability of underperforming enterprises. Business restructuring is frequently necessitated during periods of financial distress, ownership transitions, mergers, acquisitions, buyouts, or significant organizational changes. Business re-engineering concentrates on redesigning business processes to optimize productivity, operational efficiency, and overall performance. Our experienced team applies proven methodologies across diverse industries to deliver practical solutions and comprehensive reports that facilitate sustainable business improvement.
Assurance and Advisory Services
Our Assurance & Advisory Unit seeks to deliver consistent premium audit and advisory services. Our Methodology is designed to manage a wide range of risk, audit, compliance and other corporate governance procedures. Our Audit Services include:
* Statutory Reporting
* IFRS Conversion
* Agreed Upon Procedures
We are positioned with the scale, scope and multi-disciplinary capabilities necessary to address business challenges and are dedicated to helping clients meet their respective organizational objectives .
Our Advisory services include:
* Risk and Compliance Services
* Transactions and Restructuring
* Financial and Procurement Management
* Strategy
* Process Audit
Taxation and Regulatory Services
Our tax practice has specialty teams that provide varied tax advisory services to clients operating in all the major sectors of the Nigerian economy. We advise clients on a wide range of tax and business issues including restructuring of transactions for maximum tax advantage.
Our tax consultants have immediate access to global information on tax regulations, rate and treaties and can rapidly recommend the most appropriate and efficient tax planning to our clients. We quickly identify issues and provide tax solutions tailored to our client needs. Consequently, our core tax services cover the following:
* Companies Income Tax
* Withholding Tax
* Value Added Tax
* Petroleum Profit Tax
* Payroll Services/Payroll Restructuring/*Personal Income Tax
* Rendering of advisory opinions on sundry tax and regulatory issues.
* Outsourcing
Internal Audit Services
Our internal audit services, includes co-sourced and out-sourced internal audit and effectiveness review which provides independent, objective support in the design, implementation and operating effectiveness of controls.
Outsourced Internal Audit. Looking to set up an internal audit department or outsource your existing internal audit department? Our outsourced internal audit solutions are flexible:
* Running your full internal audit function
* Developing your Internal Audit Charter
* Undertaking an assessment of audit needs
* Generating internal audit strategy
* Delivering and reporting on internal audit reviews.
Co-sourced Internal Audit. If your internal audit department lacks the breadth of specialist skills or you require additional resource at peak times, our co-sourced service provides:
* Project management expertise
* Access to specialist internal audit skills including IT, Treasury, Tax, Pensions, and *Financial Services compliance
* Experienced internal auditors who require minimal supervision.
INTERNAL CONTROL OVER FINANCIAL REPORTING (ICFR) SERVICES
Our Internal Control services seek to give the best results. A company's ICFR consists of the controls that are designed to provide reasonable assurance that the company's financial statements are reliable and prepared in accordance with statutory laid down rules and regulations. Internal financial controls include policies and procedures adopted by the company for ensuring the orderly and efficient conduct of its business, including regulatory compliance, prevention and detection of frauds and errors, also the controls over reliable reporting of financial statement but also include all other controls pervasive across the business.
Based on COSO definition, internal control is a process that assures achievement of the following objectives:
* Operational – Efficient and Effective Operations.
* Reporting - Reliable Financial Reporting.
* Compliance – with Laws and Regulations.
The five (5) main components of the framework are highlighted below:
• Control environment
• Risk Assessment
• Control Activities
• Information and Communication
• Monitoring
EXTERNAL QUALITY ASSURANCE (EQA) on INTERNAL AUDIT ACTIVITIES
International Standards for the Professional Practice of Internal Auditing”, states that “External assessments must be conducted at least once every five years by a qualified independent assessor from outside the organisation”, on the Internal Audit (IA) function of the organisation. In the same vein, Corporate Governance Codes of regulatory authorities in Nigeria, such as the Financial Reporting Council (FRC), CBN, SEC, etc., have all equally mandated the same exercise, except at a different frequency of once every three years.
We conduct our engagement receive based on these principles:
* The Internal Audit Standards
* The Corporate Governance Code requirements in Nigeria
* To add value to the IA Services being rendered in the organisation
The following would be achieved at the end of the review;
*Providing an opinion on how the internal audit activities conform with the Standards, Code of Ethics and Global Best practice.
*Assessing the efficiency and effectiveness of the internal audit activity with respect to its Charter and relevant Corporate Governance Code(s)
*Having a robust process and infrastructure via the quality assurance and improvement program; the mix of knowledge, experience, and expertise; and the expectations of the Board and Audit Committee, executive management, other stakeholders and the Internal Auditor.
*Confirmation of the current needs and objectives of the Internal Audit Function, towards the future direction and goals of the organization.
*Proffering recommendations to the Audit Committee, Internal Auditor and staff on how to improve the effectiveness of the internal audit activity.
Due Diligence Reviews
We carry out due diligence and business analysis for organizations that are contemplating investments, strategic partnerships, mergers and acquisitions or that are looking to enhance organizational effectiveness in an existing business unit or portfolio company. We generate valuable due diligence reports and business analyses for our clients and this forms an integral component of their decision-making and negotiation processes. We offer a confidential, sound, unbiased perspective and are the ideal complement to your internal resources.
- Financial Due Diligence
- Commercial Due Diligence
- Human Resources Due Diligence
- Tax Due Diligence and
- Business Diagnostic Review
Executive Selection Services
We have a robust executive selection methodology that ensures we are successful in completing all assignments undertaken within reasonable deadline.
- External hires for executive positions
- Succession planning
- CEO and executive leadership transition
- Mergers and acquisitions or organizational reorganizations
- Career transitions at various levels
- Executive Search
- Recruitment and Selection
- Outsourcing/Outplacement
FORENSIC AND INVESTIGATION SERVICE
We combine financial accounting and regulatory knowledge with deep technical and industry experience to assist our clients in confronting the regulatory, legal and commercial challenges as a result of unplanned events. We apply technology-based solutions to information management and e-discovery demands, advice clients on ways to mitigate risk, improve corporate compliance and key business processes. We serve as expert witnesses addressing critical business issues in litigation and regulatory proceedings. Our forensic professionals identify financial irregularities, analyses complex business issues, and mitigate the future risk of fraud.
There is no gainsaying the fact that our audits as currently executed and reported do bring out a wealth of detail, instances of individual or systematic fraud and corruption. At Rehoboth we provide a comprehensive framework involving the use of Forensic auditing methodology, particularly in the areas of audit planning and execution, and for a uniform reporting practice that would very explicitly spell out the implications of control failures including failure of senior management in implementing prescribed controls. Our areas of expertise include:
- Fraud Risk Assessment (fraud prevention)
- Fraud Audits (fraud detection)
- Fraud Investigations (fraud examinations)
- Calculation of Losses
- Reconstruction of Financial Record
PAYROLL ADMINISTRATION SERVICES
Our Team has managed effectively local and international company payrolls successfully with positive feedbacks. We always take into consideration Necessary global information on tax concerns, Training, Development and Pension for members of staff. The necessary payment timeline and cut off periods are also taken note in the course of management of the payroll.
Our reviews deliver real value through:
* Benchmarking against current best practice
* Assessing value for money
* Delivering pragmatic advice on improving the approach to internal audit
* Providing assurance to Boards and Audit Committees that internal audit is focused and managed effective
HUMAN CAPITAL MANAGEMENT
Human Capital Management helps organizations analyses workforce strengths and vulnerabilities, while surfacing opportunities and strategies that allow business leaders to proactively manage human capital. By providing a holistic view of the work force, the solution gives you the consistent and accurate answers needed for strategic decision making. For organisations to be relevant today dynamism needs to be more than just a word, it needs to be an attitude. We pride ourselves in helping our clients improve business performance, because in changing their work, we change their world.
The Human Capital Management Group is devoted to people strategies and the impact of the human resource function. Our extensive foray into the global workplace has enabled us to establish knowledge based on the fact that human resource strategy must mobilize the power and reach of organisations worldwide. We use human resource management as a strategic tool to transform enterprises. Getting the most qualified people for the job and ensuring an easy transition into the structural fabric of your organisation. We streamline your internal processes and allow you to concentrate on generating profit in your core business.
What are the benefits of Human Capital Management?
- Measure and improve workforce productivity
- Minimize risk by changing likely outcomes
- Proactively plan for future workforce needs
- Support enterprise performance improvement
- We also advise clients on tax implications to their restructuring plans and actions.
Other services we render include:
- Business Process Improvement
- Corporate Governance Services
- Training and Development Services
- Feasibility and Business Planning
- Fixed Asset Verification and Tagging
- Asset Certification