Skillful strategy and expert professional planning can boost an organization to new and greater heights. We at H & H Management Solutions are committed to helping our clients and business associates in solving their most difficult challenges and creating lasting value. Along the way, we don’t hesitate in going that extra mile to deliver a personalized service.
H & H Management Solutions offers a range of services as follows. Our team of professionals helps our clients craft powerful business solutions. Our approach, together with our insight and experience, help us exceed client expectations.
Our Assurance and Advisory practice performs audits and reviews of financial statements, internal audits, accounting services and other related services in accordance with applicable professional standards.
Our tried and tested approach, together with our multidisciplinary teams and efficient procedures provide the means for your organization to receive assurance and advisory services that meet the highest standards. We guarantee that our service is independent, unbiased and professional, in addition to being objectively and technically excellent. We are tailoring our approach to meet our clients’ particular needs. We make it our business to keep clients informed of accounting developments that may have an impact on their businesses.
Our Assurance and Advisory practice offers the following services:
Financial Assurance
Conducting financial audits and other information assurance services so as to ensure the financial and other information providedby companies are reliable and conform to statutory requirements.
Internal Audit
Providing internal audit services to help companies assess business risks and controls and improve existing processes.
Accounting
Providing accounting services to companies outsourcing their finance functions.
Forensic
Helping clients to prevent detect and investigate frauds and other illegal acts their organizations may be exposed to.
Due Diligence Service
Combining our industry skills and experience in merger and acquisition (M&A) transactions to help clients assess risks and compliance issues. A thorough due diligence is crucial for a successful transaction and can impact purchase price. Our multi-functional teams offer a broad range of financial, tax, legal and advisory due diligence services.
SLFRS Convergence
Assisting clients in performing a gap analysis between the old financial reporting standards and the newly introduced Sri Lanka Accounting Standards (SLFRS and LKAS) and other related services.
Tax and Regulatory
Managing a company’s tax strategy and statutory obligations in the face of today’s complex puzzle of rules and regulations can drain one’s time, money and resources.
Our tax professionals help our clients minimize their tax liability through careful planning that also ensures compliance with tax laws. We also keep clients informed on the latest changes that have an impact on the tax strategies of their businesses. We take a holistic view of tax, combining industry insight with the technical skills of our financial and tax professionals to develop comprehensive integrated solutions.
Our Tax and Regulatory services include the following
Tax Compliance/Reporting
Providing tax compliance reporting, tax process improvement solutions and quantitative data analysis.
Tax and Regulatory
Managing a company’s tax strategy and statutory obligations in the face of today’s complex puzzle of rules and regulations can drain one’s time, money and resources.
Our tax professionals help our clients minimize their tax liability through careful planning that also ensures compliance with tax laws. We also keep clients informed on the latest changes that have an impact on the tax strategies of their businesses. We take a holistic view of tax, combining industry insight with the technical skills of our financial and tax professionals to develop comprehensive integrated solutions.
Our Tax and Regulatory services include the following
Tax Compliance/Reporting
Providing tax compliance reporting, tax process improvement solutions and quantitative data analysis.
Tax Advisory
Appeal Hearings
Representing tax payers before tax authorities in appeal hearings at the Appeal Commission and liaising with tax consultants at all levels including Appeal Court and Supreme Court.
Tax Management Advisory
Assisting clients with tax functions by aligning with their organizations’ goals and providing strategic, technical and transactional business solutions using core competencies.
Tax Review
Carrying out in-depth tax reviews of companies to identify overall tax position including income tax and other taxes payable, refunds claimable, assessments issued and appeals made.
Global Employer Services
The Restructure team in our Corporate Finance Division provides investigation, restructuring, turnaround and insolvency advice and services to underperforming and financially distressed businesses. We always work with stakeholders to save businesses. Our teams of specialists have experience in dealing with a wide range of different sized businesses and sectors. Our focus always remains on providing practical, cost effective solutions and advice in a timely and efficient manner.
We offer the following services:
The Consulting Division helps clients to develop sustainable business growth and manage perilous business risks caused by the ongoing economic downturn, by offering simple, creative, sturdy, client-centric professional services broadly categorized as Consultancy, Enterprise Risk Services and Accounting Services. This is made possible as we revere knowledge and encourage creativity from a mix of dynamic, energetic and goal oriented young professionals, senior professionals and industry experts. Our Consulting Division offers the following services:
Business/ Strategic Planning
We develop business/ strategic plans for existing and new businesses, providing organizations a roadway for the future.
Enterprise Risk Management
We assist clients to monitor and manage the risks faced by their businesses, which could hamper the process of achieving the business objectives.
Cost Management
We implement this to manage costs strategically instead of cutting down all costs.
Business Valuations
We carry out business valuations for the purpose of mergers & acquisitions.
Project Feasibility Studies
We assist our clients in identifying the viability of a project and the risks associated with the investment well in advance.
System / Impact / Industry Studies
We conduct in depth studies of any particular system, industry or the impact of an incident, and make recommendations to eliminate weaknesses and improve efficiency.
Compiling Procedure Manuals
We use our accumulated experience in compiling robust procedures that would improve efficiency, minimize the occurrence of fraud, and provide a tool for training new employees.
Diagnostic Reviews
We carry out diagnostic reviews to identify the internal strengths and weaknesses as well as external threats and opportunities of a business organization.
Executive Coaching
We provide training programs for client’s staff on subjects that are required to enhance their capacity.
IT Integration
We transform manually operating businesses into technology driven businesses to make them more productive.
Risk Based Internal Audits
We provide risk based internal audits, applying the modern approach where audit is based on the risks associated with the business, instead of on compliance.
Special Investigations
We carry out special investigations to identify the people involved in a fraud and quantify the fraud, and recommend procedures to eliminate the possibility of a recurrence.
Accounting Process Outsourcing
We provide complete accounting services through dedicated staff at the client’s premises or from an external location. We also liaise with auditors on behalf of the client.
Sourcing of Accounting Professionals
We outsource accounting professionals on a casual basis, as and when a client requires such services.
In this fast paced world, information systems and related technologies change the manner in which people work, interact and communicate. As organizations become more and more dependent on information systems and related technologies to a greater extent, technologies which were once an enabler to the core business of an organization, have now become core to the organization’s very survival.
Once an organization’s business strategies, operations, infrastructure, platforms, etc. are transformed to embrace this information and related technologies in order to maintain their competitive advantage in the market place, two questions arise:
We offer the following services to help organizations in this endeavor.
IS Audits
To internally arrange staff for an IT audit function is difficult for most companies due to the complications of most IT environments as they require several IT auditors. We can partner with the Internal Audit department of an organization to perform audits in the high risk IT areas that the management and the Audit Committee need to address immediately. Our IT audit team will identify important audit issues and provide practicable solutions to assist the IT department in strengthening the company’s controls.
Application Reviews
We examine areas such as Change Controls, Access Controls and IT Application Controls to enhance the organization’s existing controls or to incorporate new controls.
Infrastructure Reviews
As an organization’s Information Systems depend on the components that link together to provide the necessary service, a simple hardware fault or email virus could bring the entire information system to a standstill.
Threat and Vulnerability Assessments
Through our expertise, we can evaluate the internal threats from employees and contractors and the external threats to a company’s network and data. We also provide guidance on selecting and implementing software tools to monitor IT infrastructure security. Of the analysis, a report highlighting policies, procedures and “hardening” guidelines are documented for each IT infrastructure component.
Risk Assessments
Our IT risk assessments are based on international frameworks established by world’s leading professional associations for information systems security and control. With this, we help to ensure proper management of IT processes, in a manageable and logical structure by bridging the gaps between business risks, technical issues, and internal control needs.
Policy and Procedure Reviews
We help our clients to improve their IT policies and procedures by adapting the industry best practices most suitable to their organizations.