Advisory

Internal Audit

The internal audit department is of strategic importance in any business environment. It helps an organization manage the risks faced and meet the expectations of the various critical stakeholders  including shareholders, regulators, the Board, employees and the executive management. The internal audit department achieves this by a keen understanding of the organization’s strategic direction, it’s risk profile,  risk management priorities and the regulatory environment. However if an organization faces the following:

• Challenges in developing and maintaining a fully functional internal audit department
• Challenges in recruiting and retaining quality internal audit staff
• Lack of resources to address the geographic spread of the operations
• The need to assess the effectiveness of the organizational risk management and corporate governance procedures
• We offer the following solutions :
• Internal Audit co-sourcing
• Internal Audit full out-sourcing
• Internal Audit functional performance assessment
• Advisory in setting up the internal audit function
• Specific focus solutions such as fixed assets physical verification and tagging
• Physical verification of investments and inventories

Corporate & Secretarial

A business entity incorporated as a Limited Liability Company enjoys numerous benefits that are otherwise not available to a non-corporate entity such as enhanced access to multiple sources of capital etc. However, setting up a corporate entity exposes a business to a whole array of legal and regulatory requirements, which are often quite complex and cumbersome to comply with. Furthermore, non-compliance with the same may expose a corporate entity to significant penalties. We therefore offer a comprehensive range of corporate and secretarial services helping corporates to free up their critical business resources to enable the management to focus on the core and strategic business activities. We offer the following services under our service line of Corporate and Secretarial Advisory :

• Incorporation of Companies with SECP
• Advisory in licensing and registration with regulatory authorities
• Advisory in Listing of Companies
• Preparation and filing of statutory returns with the Registrar
• Representation with the Registrar on behalf of corporate clients
• Advisory in setting up corporate structures
• Preparation of business plans, financial feasibilities, projected financial statements and budgets
• Financial modeling and sensitivity analysis.

People and Talent

There is ample evidence of a very strong correlation between organizational success and the right mix of human and leadership capital. Corporate organizations that view human capital as a source of competitive advantage achieve a greater degree of strategic competitiveness and cultural consistency.

We at RA help organizations achieve their HR needs by a comprehensive set of services including the following:

• Organizational structure review and documentation – Organograms;
• Benchmarking and assessment of the HR function  (comparison with standard best practices);
• HR scorecard and HR metrics (system to measure the efficiency and effectiveness of HR activities in producing employee behavior to achieve organizational goals);
• Review and development of HR policies and procedures manual;
• Executive search including placement of advertisements, collection of CVs, short listing and interviews;
• Skill match interviews;
• Employee work load analysis.

Islamic Financing

In a global market that predominantly operates through the conventional financial system, Islamic finance began its journey about 40 years ago. Initially its patronage was limited to the Middle East, where it was conceived. But over the years, Islamic finance has grown progressively and has become a global phenomena with a multi trillion dollar global market. The phenomena of Shariah compliant sources of finance has witnessed a contemporaneous prominence and popularity in the Pakistan market as well. In order to avail the divine succor and blessings in their financial matters, many businesses are making the slow but sure shift to Islamic Modes of financing. Our team of Islamic Financing Advisory at RA helps such businesses by offering the following solutions to their various challenges in this relatively nascent field of finance:

• Audit and Shariah Compliance Review of Islamic Financial Institutions
• Advisory on accounting and internal control processes for Islamic Financing products
• Review of financing agreements for Shariah compliance
• Shariah compliant financing structures  including conversion of conventional financing to shariah compliant modes of financing- advisory and assistance