UHY strengthens presence in the Middle East as firm in Qatar joins the network
Global accountancy network UHY extends its coverage within the Middle East region by appointing McKenzie Shaw Ltd. Qatar. The firm will be operating under the UHY branding as UHY Ammo & Co.
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UHY was established in 1986 and is based in London, United Kingdom.
UHY is a network of independent accounting and consulting firms with offices in over 270
major business centers in 86 countries. Their services and teams are tailored to suit the
culture of each client including publicly listed corporations, large and medium-sized
companies, privately owned businesses, not-for-profit and public organizations.
The UHY network is a full member of the Forum of Firms, an association of international
networks of accounting firms. The Forum's goal is to promote consistent and high quality
standards of cross-border financial reporting and auditing practices worldwide, and the
adoption of international auditing standards. It is ranked 25th among the largest
international audit, accounting, tax and consultancy networks and associations by fee
income.
UHY is a cohesive international network of independent member firms providing audit,
accounting, tax and business advisory services across the globe. UHY member firms work
together to meet client demands for capabilities virtually anywhere in the world, from
Africa and Asia, to the Americas and Europe – including a significant presence in both the
US and UK. UHY offers a strong network of professional services firms backed by a
recognizable brand representing distinct values. UHY is a member of IFAC’s Forum of
Firms.
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For many clients, audit services provided are used to ensure a subsidiary company meets the
reporting requirements of the parent company. Their global network of member firms is wellplaced to carry out multi-national audit work and we frequently work with non-affiliated firms
and advisors. They also have a thorough understanding of international regulations and
legislation, and experience of complex reporting issues, including Sarbanes-Oxley and
International Financial Reporting Standards (IFRS). Even though they operate through an
extensive global network, the size of their network usually avoids conflicts of interest.
The global UHY network is ideally placed to help clients
assess
and exploit the
opportunities, and minimize risks for their business in international markets. Through
UHY’s global presence,
member firms are able to provide the on-the-ground knowledge and
market insight which
can be crucial for success in markets with often very different
business cultures and practices. UHY’s professionals around the world are able to draw on
the
strong relationships and reputations developed in local markets to help facilitate
business
Introductions
and networking opportunities.
From market assessments to establishing the most promising opportunities for your business,
through to identifying distributors or agents and negotiating terms with customers, UHY member
firms can help at every stage of breaking into new markets. If clients are looking to establish a
joint venture or set up a physical base in an overseas location, member firms are able to provide
practical advice across areas such as employment law, taxation, accounting practices and
establishing subsidiary companies.
Among UHY’s Corporate Services include the following: Audit and Assurance, Business Advisory
and Accounting, Corporate Finance, Corporate Governance and Risk Management, Corporate
Recovery and Insolvency, Forensic Accounting and Litigation Support, Fund Services, and
Internalization.
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SPECIAL ADVISORS FOR MEMBER FIRMS CAN HELP CLIENTS
WITH:
Accounting and bookkeeping outsourcing
Budgeting, financial planning and control
Cash flow and profit projections
Business plans and independent business reviews
Business valuations
Company formations and company secretarial services
including appropriate commercial and tax-efficient structures
for international expansion and cross-border ventures, trusts
and foundations, pension funds, charitable and philanthropic
structures
Reviewing management reporting systems
Domestic and international expansion
Practice management and business systems
Payroll administration and company administrative services
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INCLUDED IN THE AUDIT AND ASSURANCE SERVICES ARE:
Statutory audit and review of annual financial statements
Internal review
Review of internal controls
Compilation of financial statements and other financial reports
Performance and value for money audits
Risk assessment and recommendations to management
Special purpose audits
Regulatory reports
IFRS reporting
Sarbanes-Oxley compliance
Grant audits
Specialist pension fund audits
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6. CORPORATE FINANCE SERVICES PROVIDED BY MEMBER
FIRMS INCLUDE:
Business valuation
Raising finance
Financial restructuring
Negotiations and vendor protections
IPOs/flotation
Management buy-outs/ins
Key management incentive schemes
Succession planning and development
Preparing businesses for sale
Exit strategies
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7. UNDERSTANDING RISK AT EVERY LEVEL
UHY member firms help clients understand and mitigate the risks
they face in areas such as regulatory change, new legislation and
threats to political instability. They are able to offer sector specific
expertise in areas such as financial services and
commodities. Experts also work with businesses and
organizations to build resilience and to embed good risk
management practices. Extensive experience of Sarbanes-Oxley
ensures clients can access guidance and advice on specific
aspects, or receive step-by-step compliance support.
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8. INNOVATIVE SOLUTIONS TO DIFFICULT PROBLEMS
Winding up a business is very much regarded as a last resort and, wherever
possible, member firms will look to provide advice on rescuing or
restructuring a company to help it return to profitability.
What can appear to be an intractable situation can often be resolved
through a restructuring of bank and equity finance or rescheduling of
debts.
Partners in local offices are able to respond swiftly to help a company in
trouble, often buying valuable time and breathing space to work through a
solution.
The breadth of knowledge across sectors and geographies means UHY
member firms are well-placed to identify opportunities for disposals where
suitable to help reduce debts or provide working capital. Working in
partnership with property experts and lawyers ensures maximum value is
achieved from business assets.
In circumstances where companies are unable to continue within their
existing form, advice is provided on the most suitable options available
including administration, liquidation and Company Voluntary Arrangements
(CVAs).
Corporate recovery specialists in UHY member firms frequently act as
receivers or administrators, often enabling the business to continue trading
whilst new owners are found.
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9. ASSISTING CREDITORS
When clients are at risk from financial problems
affecting a major customer, partner or supplier,
specialist staffs are able to provide practical advice
on the range of options available to recover debts
or protect assets. Where necessary, advice can be
provided on instigating insolvency procedures and
clients represented at creditors’ meetings. The
reach of the UHY global network means their firms
also have experience of recovering debts in
jurisdictions throughout the world.
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10. BRINGING CLARITY TO THE MOST COMPLEX OF CASES
Specialist staffs have in-depth experience of business
information and financial reporting systems, accounting and
auditing standards and procedures, evidence gathering and
investigative techniques, and litigation processes and
procedures. Representatives from UHY member firms
frequently act as expert witnesses in fraud and other criminal
cases. Member firms from across the UHY network are able to
work together on cross-border cases and have experience of
international arbitration in many jurisdictions. As well as being
able to respond quickly when disputes arise, UHY member
firms take a proactive approach to help clients identify
potential problems and take action to avoid them.
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11. ADMINISTRATION SERVICES
For new and existing funds, UHY member firms are able to
offer integrated administration services, including treasury
and compliance, tax and legal support and financial
reporting.
Proactive advice is also provided to help clients comply with
the particular aspects of Sarbanes-Oxley which impact on
the fund sector.
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12. HARNESSING THE POWER OF GLOBAL NETWORK
The global UHY network is ideally placed to help clients assess and
exploit the opportunities, and minimize risks for their business in
international markets.
Through UHY’s global presence, member firms are able to provide
the on-the-ground knowledge and market insight which can be
crucial for success in markets with often very different business
cultures and practices.
UHY’s professionals around the world are able to draw on the
strong relationships and reputations developed in local markets to
help facilitate business introductions and networking
opportunities.
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13. COMBINING STRENGTH IN LAW
AND ACCOUNTANCY
On many business and corporate issues,
both accountancy and legal skills are
required and member firms regularly
work in partnership with legal services
providers or are able to refer clients to
trusted advisors.
A number of member firms have an inhouse multidisciplinary legal advisory
team that can deliver a broad range of
legal services to meet your needs.
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14. MINIMIZING TAX EXPOSURE
In addition, the breadth of their global
network means their member firms are
well-placed to provide expert advice on
expatriate tax issues for executives and
employees being transferred or simply
working outside of their home country.
Areas of expertise across the network
include structuring of offshore assets and
remuneration packages along with the
protection
of
foreign
assets
from inheritance tax. Their member firms
can advise on the reporting requirements for
holdings in investments held outside of home
countries.
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15. UTILIZING BEST PRACTICE AROUND THE
WORLD
Through the UHY network, clients have access to a
range of skills and experience across the business
spectrum and can benefit from best practice
developed internationally. Where projects or
services are brought in house after initial
development externally, their member firms are
also highly experienced at working with clients to
ensure a smooth transition.
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16. These and all are the benefits as a Member Firm of UHY International
As a fast progressing and expanding Auditing Firm,
AMMO & Co – Qatar
is the newest affiliate of
UHY International
Both known for its exceptionally competitive services globally
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