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Firm Profile - Summary

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26 views5 pages

Firm Profile - Summary

Uploaded by

abiinabdi
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Firm Profile

About SITCO

SITCO Accountancy and Auditing Solutions is redefining financial consultancy in


Somalia. Based in the heart of Mogadishu, we are more than just auditors—we
are your partners in achieving transparency, accountability, and growth. Unlike
foreign firms that fail to adapt to Somalia’s unique business landscape, SITCO
delivers a highly customized, hybrid audit methodology tailored specifically to
local needs. Our innovative Auditing 2.0 model transforms the traditional audit
process, combining assurance with problem-solving, actionable insights, and
trusted advisory services to provide unparalleled value.

At SITCO, we don’t just complete audits; we create opportunities for your


organization to excel. With a team of seasoned professionals experienced in
private, public, and donor-funded projects, we ensure every recommendation is
practical, actionable, and designed for success. Let us guide you every step of
the way, delivering the insights and strategies you need to overcome challenges,
streamline operations, and achieve your financial goals. Choose SITCO, and
experience an audit journey that propels your organization toward a brighter
future.

Mission: To provide world-class accountancy, auditing, and financial advisory


services that drive growth, foster trust, and ensure compliance with global
standards.

Vision: To be the most trusted and innovative financial partner in Somalia, setting
benchmarks in excellence, integrity, and client satisfaction.

Core Values:

• Integrity: Upholding the highest ethical standards in every aspect of our


work.
• Excellence: Delivering quality services that exceed client expectations.
• Innovation: Embracing modern tools and techniques to provide cutting-
edge solutions.
• Customer-Centricity: Building lasting relationships through personalized and
attentive service.
• Accountability: Ensuring transparency and responsibility in all
engagements.

2
How can SITCO Accountancy and Auditing Solutions benefit you?

SITCO Accountancy and Auditing Solutions offers a comprehensive range of


financial services tailored to meet the unique needs of its diverse clientele. Our
key services include:

1. Audit and assurance services:


o Financial statement audits.
o Internal audits.
o Compliance audits.
o Risk assessments.
2. Accountancy services:
o Bookkeeping and financial reporting
o Payroll management
o Budgeting and forecasting
o Tax preparation and planning
3. Advisory services:
o Business consulting.
o Financial restructuring.
o Feasibility studies.
4. Training and capacity building:
o Workshops on financial literacy.
o Professional development for accountants.
o Tailored training for organizations on compliance and governance
Why SITCO Accountancy and Auditing Solutions
Why Choose SITCO?

• Local expertise, and global standards: With a deep understanding of the


Somali market and compliance with international financial standards, SITCO
bridges local needs with global best practices.
• Experienced professionals: Our team comprises certified accountants,
seasoned auditors, and financial experts with extensive industry knowledge.
• Client-centric approach: We prioritize the unique needs of each client, offering
personalized solutions that align with their objectives.
• Technological edge: Leveraging modern tools and software, we ensure
efficient and accurate service delivery.

3
Sectors served by SITCO Accountancy and Auditing Solutions.
SITCO has proudly served a wide range of industries, including but not limited to:

• Non-governmental organizations (NGOs).


• Private corporations.
• Government institutions.
• Small and medium enterprises (SMEs).
• Educational institutions.
• Healthcare providers.
Sample clients served by SITCO Accountancy & Auditing Solutions.
• Ministry of Finance of Somalia – 4 years financial audit of the Drylands
Development Project funded by the Islamic Development Bank;
• Direct Aid Somalia
• Somalia Peace Line
• Jamhuriya University of Science and Technology (JUST)
• Benadir University
• Peace and Development Forum
• Raagsan Consulting Group
• Daryeel Bulsho Guud
• Somali Journalists Syndicate
• City University
• Somali Public Agenda
• Somali Midwifery Association
• Shabelle Relief Development Organisation (SHARDO)
• Iftiin Foundation
• YouthLink Somalia
• Jamhuriya Foundation (JF)
• Somali Center for Women Empowerment (SOCWE)
• Tekmaal International

4
Senior service team of SITCO Accountancy and Auditing Solutions.
Abdirahim Elmi (Managing Director)

• More than 13 years of professional experience.


• Master of Finance – (Cambridge International College.
• Master of Project Management University - Open University – Malaysia.
• Bachelor of Business Administration - Indian Ocean University.
• High Diploma on Accountancy - Ramadan School of Business.
David Wakanene (Director of Audit)

• More than 13 years of professional experience.


• Masters of Accountancy (Specialization in Information Systems Auditing
and Control) - Bowling Green State University USA.
• Bachelor of Science in Business Administration (Accounting).
• Certified Public Accountant of Kenya (CPA K).
Reach us below for customised client service
Physical office: Addani Tower 2, Apt 702, Makkah Almukarramah Ave,
Mogadishu, Somalia.

Email: [email protected]

Telephone: +252 615 191980/+252 615191980

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