Services

Banking and Securities

Our FSI practice provides tailored solutions for organisations in the banking and securities industry, as it faces up to the complex issues of today’s global marketplace. We understand the issues you face. We track the pressing trends and challenges, and assess the implications for your business.

We combine in-depth industry knowledge with technical expertise to develop services that respond to your issues. Our technical expertise and deep industry knowledge mean that we can cut to the chase and give you pragmatic advice on what will work and what won’t.

Our Banking and Securities Services

  • Audit of financial statements in accordance with Azerbaijani Accounting Standards 
  • Assistance with the adoption of International Financial Reporting Standards (IFRS), including the development of overall plan, training programmes, preparation of necessary resources and financial reporting system development 
  • Audit of financial statements in accordance with International Financial Reporting Standards (IFRS), US Generally Accepted Accounting Principles (US GAAP) or other international standards (also as part of IPO preparation) 
  • Quarterly/half-year review of financial statements 
  • Services related to floating and placement  of securities, including the preparation of comfort letters 
Audit

Internal Audit

  • Full or partial outsourcing of internal audit
  • Corporate governance
  • Enterprise risk management
  • Assessment of risks and control procedures in the field of IT
  • Building an internal audit function
  • Development of a strategic development plan for internal audit function
  • Optimization of internal audit function
  • Internal audit training sessions
  • Quality assessment services
  • Inspection and consulting services for the observation of contractual conditions by third parties

 

Internal Control 

  • Building an internal control system
  • Optimization of internal control system.
  • Test of design and operational efficiency of internal control system
  • Introduction of control procedures when implementing projects for the reform of the finance function and the implementation of ERP systems
  • Internal Control Training Programs

 

Information Security

  • Determination of information used by the organization
  • Assessment of probability and consequences of information leak
  • Assessment of efficiency of existing protection instruments
  • Development of a reaction strategy for possible information leaks 
  • Cooperation in the selection and implementation of data leak prevention instruments
ERS

Technology Integration Services

  • Optimization and automation of sales process for financial institutions: Increase up- and
  • Cross-sales
  • Optimization and automation of the lending processes
  • Data analysis and Implementation of information management services
  • IT project portfolio management and setup of the Program Management Office
  • IT services efficiency improvement and optimization
  • Payment processes automation

 

Strategy and Operational Effectiveness

  • Strategy development: Identification of long-term development priorities, implementation of shareholders' and top management's vision
  • Organizational design: Optimization of organizational structure, creation of new functions, implementation of changes
  • Headcount optimization: Identification of target employee number, workload distribution, benchmarking of productivity
  • Design of a KPI motivation system: Development of objective reward criteria, relation of reward payments to the financial results of the organization
  • Cost reduction: Optimization of procurement, improvement of business processes, infrastructure and organizational structure
  • Increase in sales efficiency: Optimization of role allocation, regular management procedures, implementation of balanced motivation system
  • Business-processes improvement: Stream-lining of processes, reduction of failures, controls system optimization, process-oriented approach implementation
  • Project management office set-up: Reduction in projects’ time and budgets, increase in performance of complex projects & programs
  • Post Merger Integration: Implementation of target operating model, reduction of project integration risks, achievement of synergy effects

 

Consulting

Transaction support

  • Acquisition due diligence (“Buy-side”)
  • Vendor due diligence (“Sell-side”)
  • Vendor assist
  • Negotiation support 
  • Debt restructuring support (Independent Business Review preparation)
  • Assistance with drafting/analysis of Sale and Purchase Agreements
  • Analytical support of capital market deals (long-form report, working capital report)

 

Forensic and dispute services

  • Fraud and Accounting Investigations
  • Anti-Bribery and Anti-Corruption Services
  • Dispute Services 
  • Business Intelligence Services  
  • Capital Projects 
  • Anti-Money Laundering
  • Fraud Risk Management and Compliance Services
  • e-Discovery
  • Analytics

 

Valuation and financial modelling

  • Business valuation/value analysis
  • Fixed asset valuation
  • Purchase price allocation and intangible asset valuation
  • Financial modelling
Financial Advisory

Advisory services for banks and other financial institutions

By downloading the brochure you will learn more about the current trends in the banking sector of Azerbaijan and description of selected services provided by our firm.

Tax accounting services

  • Consulting, including tax compliance and accounting (RAS and IFRS or US GAAP)
  • Preparation and filing of the company's statutory financial statements and full tax reporting to the tax authorities
  • Development of an accounting or tax policy for financial and tax accounting purposes
  • Secondment of qualified personnel
  • Analysis of tax accounting and reporting. Recovery and restoration of financial and tax accounts
  • Support during desk and field audits

 

Business tax

  • Corporate taxation and compliance services
  • Consulting on strategies for a better management of tax obligations and enhancement of cash flow 

 

Tax management consulting

  • Risk, strategy and operations
  • Enterprise resource planning (ERP) and tax strategy
  • Compliance outsourcing
  • Compliance process automation
  • Tax data analytics

 

Tax consulting services with regard to mergers and acquisitions

1. Global employer services

2. Executive compensation:

  • Bespoke remuneration strategy and incentive plan design
  • Shareholder consultation and investor relations support

 

Indirect tax

  • A review of the company’s business model from the point of view of indirect taxes with the identification of areas of risk and the possible optimization of indirect tax payments.
  • Detailing strategies on how to claim VAT refunds and support with implementing this strategy.
  • Analysis of contractual arrangements in view of the potential negative implications related to VAT and excise issues.
  • On-going consultation on the application of indirect taxes to particular transactions and activities; such as capital construction, business reorganization and trade incentives.

 

Research & Development and Government Incentives

  • Initial feasibility review and analysis of potential claims
  • Assistance in obtaining tax incentives on a turn-key basis or support at various stages of the process: 
  •     preparation of application and supporting documents for a claim
  •     negotiations with the authorities
  •     review of draft agreements with the relevant government bodies
Tax
  • Advice on corporate law
  • Advice to businesses facing high levels of state regulation
  • Corporate management and the law
  • Legal support for M&A and reorganization
  • Legal advice on IPOs
  • Preparation and analysis of all contract types
  • Advice on intellectual property issues 
  • Advice on all aspects of financial law (including stock market, insurance, banking and leasing legislation, and currency exchange regulation)

 

Legal Services