Audit

Domond & Associés offer the following audit services:

• Audit of financial statements and consolidated financial statements
• Special audits on compliance with contractual agreements or regulatory provisions
• Valuation of companies in preparation for company sell-off or merger
• Examination of the internal control system
• Investigative audits in special cases, such as suspicion of fraud or financial manipulations
• Adaptation of local accounting to US-GAAP or International Accounting Standards
• Adaptation of US-GAAP or International Accounting Standards to National accounting.
• Outsourcing: temporary accounting services

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NGO-Audit

Domond & Associés have developed a special audit program and standard for international foundations and social welfare organizations financing projects in Haiti and the Caribbean.

Our auditors are specialists in auditing non-profit organizations and projects. Our audit services include:

• Audit Report and Management Letter in English and French
• Examination of compliance with donor's requirements and national legislation
• Detailed analysis of internal control system
• Consultation of project management

We are familiar with the legal risks and tax difficulties of NGOs, which operate in countries undergoing economic transition. We thus understand our audit work both as control and support.
Control is exercised on behalf of the donor to ensure the appropriate use of project funds. Support is given to the project partner to improve potential deficiencies in the accounting system and to avoid legal and tax problems.

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Legal Advice

In Haiti and the Caribbean, we offer legal advice to resolve the following questions:

• What are the legal prerequisites for founding an enterprise or representative office?
• Employment of staff and labor law regulations: What are the legal conditions regarding the dismissal of employees?
• Purchase of real property or office lease: Which laws have to be considered? Which contracts have to be concluded?
• Conflicts with tax authorities: Which legal steps are possible and sensible?
• Liability and damages: Which liability risks exist? Can the risk of damages be limited? Which insurance measures can be taken?
• Receivables: How can outstanding debts be collected in conformity with local laws?

Our lawyers are present at local courts. If a legal process arises they can also represent our clients.

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Consulting
Our savoir-faire in consulting comes from a team of experienced professionals and our quality service focuses on the objectives and needs of each of our customers

A coherent and proven approach
A constant dialogue must be established with the customer in order to discuss the problems they have and propose pertinent solutions. This dialogue is at the heart of any audit work, which allows not only the success of our mandate but also the improvement of internal control of the customer.
The planning of the audit is done best through a genuine and sincere dialogue between the parties

A selection of the best products and services
Faithful to our philosophy of “open policy” our firm prioritizes access to the best accounting services available on the market through the rigorous selection of our accountants.
Thus, we propose a large variety of standard and also designed products and services. Determined to stay ahead in term of financial offers, we have also developed detailed expertise in the creation of products and techniques integrating alternative expertise

Whether your company wants to invest in the Caribbean or expand operations in the successor Haiti and the Caribbean, our network can support you with expert advice. For example:

• Taxation policy: which rates are applied for profit tax? Which tax benefits are granted to foreign investors?
• Transfer of financial means: How can profits be transferred to the parent company?
• Taxation of foreign residents, double taxation agreement: Do taxes have to be paid at home or in the country of residence? Which alternative is most favorable for foreign staff?
• Internal control system: How can the efficiency and transparency of the internal control mechanisms be strengthened?
• Financial management: Are the financial statements clear and understandable? Which accounting software is optimal under the present conditions?

In addition to consulting we also offer support in the implementation of new structures. In special cases we are ready to take over the short-term management of the local company or organization.

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