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Executive Search and Recruitment services
Recruiting and retaining the best employees is one of the key elements of any successful business. The desire for greater productivity coupled with increased competitiveness has underlined the critical role people play in the success of their organisation. Yet, finding the right individual for the job is both challenging, and time-consuming. The ideal candidate needs not only to have the right knowledge and qualifications, but also the personal skills to be able to quickly embrace a new organisational culture and share in its vision and goals.
The secret to our success is simple. Our recruitment process includes sharing our clients' objectives and leveraging our resources to achieve these goals. By utilising our extensive experience and considerable regional knowledge, we aim to give a clear insight into the executive recruitment markets both locally and internationally.
Our results are measured not just on a single placement, but on a candidate's subsequent success in the new position and the repeated business we have achieved with our clients.
CFO Services
As an interim/part-time CFO we will oversee and guide all aspects of your Company's finances and administration. Specific areas in which we add value to your company includes:
· Preparation and reporting of budgets, multi-year projections and financial results.
· Preparation for and attendance at meetings of the Board and Audit Committees.
· Identification, tracking and reporting of Key Performance Indicators.
· Implementation and supervision of sales pipeline and forecasting methodologies.
· Implementation and supervision of financial processes and controls.
· Prepare draft financial statements and support to the external financial statement audit process.
· Recruitment and management of business partners and other key suppliers.
· Recruitment and supervision of finance and administrative staff.
Your Company may be one that has been operating with an accountant but is now ready for the next step - a Controller. You may not be ready for access to a Chief Financial Officer but you need more advice than your staff have the experience to provide. You need a Controller, but not every day.
This is where our Consultants can be of benefit providing Controller Services a few days a week or a few days a month.
The increasing transparency and accountability of all organizations, including public service, government, (even for small organizations), together with the modern complexity, penetration and importance of ITC (information and communications technology), recently, has tended to heighten demand for process improvement.
Tight economic conditions, increased competition and new business strategies require organizations to look for ways to improve their operational effectiveness. Factors that drive the need for business process change include:
 Need for increased productivity
Mergers and acquisitions
Growth, collaboration, and consolidations
Discontinuance of a division, segment, product, department or function
New services, products and business strategies
Regulatory and statutory compliance
Technology adoption, and
Business and IT alignment
Tackling these issues requires an organization to rethink and redesign its core processes to support current business goals and optimize existing and future technology investments. This requires an approach that challenges today’s norms, leverages the best ideas from inside the organization and looks outside for innovation. Organizations lacking such an approach often miss opportunities to add value to their bottom line.
Today, Business Process Modeling is arguably widely prevalent in successful organizations, which aims to improve business performance by optimizing the efficiency of connecting activities in the provision of a product or service.
Our Business Process Modeling approach involves;
Understanding and documenting the "current state (what is being done now)"
Understanding and documenting the "future state (what we want to do in the future)"
Identification of IT systems that can support the future process and hence provide a
starting point for the design of those systems
Training staff with the new process
Accumulating knowledge regarding the business processes
Identification of other departments and processes that become an interface to the
department "being modeled".
In a perfect world, it should be the first step in designing any transaction based system.
The adoption of International Financial Reporting Standards (IFRS) goes beyond the choice of a uniform accounting language. It is designed to bring greater clarity to financial reporting, as well as, comparability and consistency on a global scale.
The impact of IFRS on systems and processes requires changes to accounting estimates and non-routine calculations, accounting structures changing because of new accounting policy adoption, and management reporting needs being impacted for consolidation and reporting disclosure changes.
We are available to assist management in a number of ways, including, but not limited to, the following:
Applying an initial diagnostic in order to identify current local GAAP/IFRS
accounting differences, and thereby communicating key issues (via gap analysis)
to management
Preparing new policies and procedures in order to satisfy a need for
upgrading and achieving new skills at all levels
Preparing note disclosures prior to conversion, as well as,
first time interim and annual financial statements
Assessing, measuring and communicating impacts to the business's performance,
by virtue of adoption of new standards, and the allowable choices within each
Prescribing business process, control and system changes as necessary
in order to successfully transition to new operating practices
Identifying corporate governance changes resulting from IFRS adoption
Reviewing the IT impact and strategy over the near term, identifying constraints
in the form of competing strategic initiatives as it relates to existing IT systems.
The U.S. Sarbanes-Oxley Act of 2002 requires CEO's and CFO's of SEC listed companies to make periodic certifications on whether financial statements are true, complete and fairly stated. In addition, it requires management to evaluate and report their conclusions on the effectiveness of the company's control procedures.
To comply, CEO's and CFO's need a process to determine their confidence in the effectiveness of the company's systems of control. The process also needs to be acceptable to the external auditors who will be required to attest to management's assessment of internal controls over financial reporting. In that respect we provide the following services in assisting clients in response to the Sarbanes-Oxley Act of 2002:
Internal control framework assistance - Benchmark your existing internal control framework against a recognized framework (COSO) and perform a gap analysis. We will work with management to design and document a uniform control framework and approach that is consistent with your risk profile to help management assess, test, remediate, monitor and track controls. Finally we will work with you to design a control self-assessment and certification process that meets your needs.
Internal controls over financial reporting process documentation - SOX 404 requires process documentation of the internal controls over financial reporting. Aamiri Management Consultants can assist you in the design and documentation of these controls. We will work with you to develop an entity-level business model and document your internal controls, to comprise risk and associated internal control requirements. Using the entity-level model, we help identify the processes that requireenhanced control and can make recommendations accordingly. Our experience canassist you in developing detailed process and control documentation such asnarratives, flowcharts and process-level workflows.
Internal control monitoring - By internal control monitoring, we will review the effectiveness and test the controls that management will certify as effective. We will work with you to identify the controls that you think are most critical. We will reviewtheir design and then develop test procedures aimed at assessing the effective operation of such controls. Routinely identifying and testing key controls provides management with a mechanism of monitoring internal controls.
Our IT review service can assist you with corporate and regulatory compliance, internal control systems, risk management practices, and IT governance. We have the technical and analytical training and experience related to core IT processes and controls, and the required technical experience to conduct effective audits. We can help you in the following areas:
Perform IS audits in accordance with IS audit standards, guidelines and best practices to assist organizations in ensuring that their information technology and business systems are protected and controlled.
Assess IT corporate governance for organizational structure, policies, accountability, mechanisms and monitoring practices.
Review management practices for development/acquisition, testing, implementation, maintenance, disposal of systems and infrastructure, inline with organizational objectives.
Examine IT service management practices to ensure delivered level of services required, align with organizational objectives.
Evaluate security architecture (policies, standards, procedures and controls) for confidentiality, integrity and availability of information assets.
-IT General Controls (access to programs/data, program changes, program development, computer operations)
-IT Application Controls (input access, file data/transmission, processing, output, master file data).
Assess adequacy of business continuity and disaster recovery processes to ensure timely resumption of IT services, while minimizing business impact.
For many midsize entities, hiring and motivating specialized resources in-house is nearly impossible. That's why it makes sense to partner with contracting consulltants that provide specialties such as technology auditors or fraud examiners. We can provide you a competitive service. We will work with you on all aspects of the Internal audit process, this includes:
Objective setting, risk assessment, control evaluation and the development of action -oriented recommendations to improve processes, controls and ultimately the business.
Assist with planning, organization and implementation of Internal audit program.
Develop audit plans and programs to properly test the organization's financial and operational information, internal controls, records and systems.
Assist with monitoring internal and external conditions that impact audit risk rating,and
Recommend updating of internal audit work programs as required, and supervise the creation of necessary changes to the audit program and schedule to address risk exposure.
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