OUR VISION
Our Vision is to be the preferred provider of diverse accounting, assurance and business advisory services in the East African region
OUR MISSION
Our Mission is to enhance the efficiency and effectiveness of our client’s activities through professional and empowered personnel for mutual success and growth.
OUR PROFILE
TMK & Company is a consulting firm that has established itself as a provider of results and quality based services to clients
OUR COVERAGE
To date, we have had staff working on assignments in different sectors. This wide experience has empowered our staff with versatility
www.tmk.co.ug
CERTIFIED PUBLIC ACCOUNTANTS
FIRM PROFIL
6th Floor, Southern Wing, Workers House
Plot 1 Pilkington Rd
P.O. Box 72397, Kampala-Uganda
Tel: 256-414-232 861, 256- 312- 370 475
Mob: 256-772- 705 162, 256-752-797001
Email: info@tmk.CO.ug / tmpagi@tmk.CO.ug
TABLE OF CONTENTS
CONTENTS PAGES
PART A: BRIEF HISTORY AND BACKGROUND OF THE FIRM… 2
1.2 TMK & COMPANY AT A GLANCE.. 4
PART B: MEMBERS OF STAFF, THEIR QUALIFICATIONS AND EXPERIENCE.. 13
3.1 ORGANISATION STRUCTURE.. 14
3.3 BRIEF RESUMES OF MANAGEMENT AND STAFF. 15
PART C: NAMES AND PARTICULARS OF FIRM’S MAJOR CLIENTS. 19
4.1 TMK & COMPANY CLIENTELE REFERENCES. 20
PART A: BRIEF HISTORY AND BACKGROUND OF THE FIRM
1.1 BACK GROUND
TMK & Company is an auditing and a consulting firm, registered in January 2001 in Uganda as an auditing and accounting firm. It is a partnership of two qualified chartered and certified public accountants. It is one of the leading indigenous firms providing Audit, Accountancy, Tax, Advisory and Management Consulting services in Uganda. We have a track record in conducting the following assignments.
- Auditing and assurance services
- Advisors to various companies/organisations on all regulatory matters to enhance compliance with local laws and regulations including tax compliance.
- Advisors with ability to recommend and implement various restructuring packages whenever required to turn round loss operations.
- A track record in implementing suitable accounting systems and internal controls in order to strengthen existing system.
- Ability to provide other related services and advice throughout the year.
The firm’s team is comprised of highly qualified people with extensive experience in Accounting, Auditing, Taxation, IT, Business Financial Management and Consulting.
The Senior Partner Mr. Tom Mpagi is a highly motivated person driven by venturing in new areas and nurturing them for success. He is a founder Partner of TMK & CO. and he spearheaded the drive and strategy of TMK & CO. to venture into new markets and partnerships in both the public and private sector in Uganda and the East African region.
1.2 TMK & COMPANY AT A GLANCE
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1.2.1 TMK & COMPANY Consulting and Auditing Firm |
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TMK & Company is a consulting firm that has established itself as a provider of results and quality based services to clients. |
TMK & Company is a Consulting firm of Chartered Certified Public Accountants, Capacity building and Management Consultants providing Auditing, Taxation, Management, Capacity building and Technology services for the Public and Private sector organizations, and Institutions.
TMK & CO. was formed in January 2001 and commenced operations thereafter. The firm has since grown a substantial staff compliment with a diverse team of associate consultants both local and international consultants with a varied range of skilled expertise to deliver on major assignments. |
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1.2.2 We have significant coverage |
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The TMK organizational structure is based on the Service Line areas.
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To date, TMK has had staff working on assignments in different sectors. These include but not limited to the following:
Audit, Accounting and Tax Advisory Services; Financial Management Consultancy Services; Capacity Building of Financial Management and Accounting Personnel Human Resources services including managing client’s payrolls. Strategic Planning and Direction Business Recovery and liquidation Services.
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| .2.3 Our Clients | |
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Our clients’ success is our success. |
TMK has a number of clients in different sectors of the economy including the following:
§ Public Sector Enterprises § Private Sector Enterprises § Financial Institutions § Local Governments § Non Governmental Organisations (NGO’s) § International Organisations § Development Agencies
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| 1.2.4 Our Staff and Consultants | |
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We treat our clients as individuals and we treat our team the same way. We recognise that our future depends on nurturing individual talent in a positive and professional working environment. |
TMK staff possess skills and experience in the following areas among others: § Auditing and Financial Management § Accounting § Tax Advisory § Computer training § Capacity Building and Training § Human Resources services including managing payrolls § Information and Communication Technology § Project management § Monitoring and Evaluation § Procurement Management § ICT training and skills’ transfer § Business Process modelling § Decentralization § ICT systems Implementation and auditing § Risk Analysis and Management |
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1.2.5 Our Service Approach and Philosophy |
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At TMK, our service approach and philosophy is premised on a fundamental belief to achieve continuously high quality results. |
For most people, the horizon is as far as they can see. At TMK, the horizon represents the threshold to an unseen world of new opportunities. We are constantly searching for solutions that lie beyond the obvious. We combine insight, knowledge and original thinking to create new opportunities. In the race for solutions that deliver results, TMK is the ultimate advantage partner for entities and organizations whose aim is to achieve high quality results consistently beyond targets, and beyond the horizon. We base our service approach and philosophy on the following pillars:
Proven performance delivery, reliability of recommendations, service support, quality, excellency, integrity, objectivity, and confidentiality. |
| i. Proven Performance Delivery | |
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Our Motto at TMK & CO., is “We make performance happen” |
It’s not how many ideas you have, It’s how many you can make happen. It is all about performance delivery. Without more than normal performance, we recognize that clients will not realize planned results. So whether it’s your idea or ours, we will help you turn innovation into results through consulting, technology, outsourcing and alliances. We think what’s possible, we generate options for your business objectives. It does not matter where the ideas come from, or who delivers them but how they translate into value to guarantee results.
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| ii. Reliability of Recommendations | |
| At TMK & CO., we attach great value to the concept of teamwork. To us, teamwork means deploying our team to join your team to solve complex problems and challenges, in partnership with you. | At TMK & CO, we attach great value to the concept of teamwork. To us, teamwork means deploying our team to join your team to solve complex problems and challenges, in partnership with you. Our team of experts blends professionals that will offer unmatched market knowledge, experience and track record.
It’s not just recommendations but the reliability of the recommendations that generates the confidence to implement the suggested solutions. Our people are our greatest asset. Listening, learning and leading coupled with innovativeness and creativity are the cornerstone of our people model. We combine the above with technical expertise and experience and you have a dependable and reliable recommendation. That’s what organisations require from consultants. |
| iii. Unrivalled quality | |
| All our structures and procedures provide for quality performance: the methodology and design philosophy; how we operate; even how we think of solutions to guarantee results
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Powerful ideas, innovative practice, lasting value. All our structures and procedures provide for quality performance: the methodology and design philosophy; how we operate; even how we think of solutions to guarantee results. Experience has taught us to take a clear sighted look at the latest market trends, to make the right decisions at the right time, and to treat our clients as valued partners in order to guarantee them quality.
In a fast changing world, stability, trustworthiness and flexibility count. These are the very qualities we’ve always relied on to secure our value propositions and to help them pass on capital from generation to generation. We think not only opportunities, but also solutions to your business problems. |
| iii. Service support | |
| You cannot buy success, even with a good budget and lots of people. You have to work for success, and it has to be sustainable success.
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You cannot buy success, even with a good budget and lots of people. You have to work for it and the whole team has to work for it. But success or results which are not sustainable amount to a misallocation of resources. Service support is one way of sustaining results and success.
Excellent service support is what makes us different and ensures we continue to deliver results even when the assignment is completed.
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| In Summary:
The above four pillars form the heart of our service approach and philosophy. We believe that combining the above principles enables us to deliver quality beyond expectations.
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| 1.2.6 Our Service Lines
1.2.6.1 Auditing, Finance and Tax Advisory Service e provide Auditing and Assurance services that include: Financial Audits including Statutory Audits and Program Audits, Performance Audits, Operation Audits, Forensic Audits and Information Technology Audits, and Due Diligence Reviews related to the Acquisition, Sale, Mergers and Valuation of Companies and Businesses, Development or Assistance to Internal Audit Function, Due Diligence for implementing partners before they are funded by major -international organisations.
Audit Methodology
TMK & CO. provides the highest quality of services to its clients using a proven methodology. We carry out audits in accordance with international auditing standards and as appropriate based on US government auditing standards and auditing standards and procedure of the funding agency.
A risk-based approach is adopted. Key financial risks and issues that are important to management and the Audit Committee are identified through understanding of the business operations and the entity’s control environment. This allows customised audit procedures to be designed and audit effort to be focused on key audit areas. The audit methodology and software are continuously being reviewed and enhanced based on development in auditing standards and feedback received from the audit professionals to maintain quality, relevance and practicability.
Our audits are planned to be efficient and to address the key risks that the entity faces. We advise management/audit committees on how to manage and mitigate all identified risks to ensure sustainability, continued profitability of the business and achievement of organisational/project objectives.
We review and evaluate the systems of operations and internal controls of the client and test for compliance with the Financial and Accounting Regulations and any other legal and regulatory requirements and provide appropriate advice.
1.2.6.2 Accounting and Financial Management Advisory Services
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| Accounting and Financial Management Services is the cornerstone of our Consulting Services
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Our firm offers financial advisory services which include but are not limited to the following:
§ Design and development of finance functions § Preparation and development of accounting manuals for different departments, entities, and organizations § Review of financial, internal and security controls in a computerized environment § Financial advisory services § Due diligence reviews § Internal control reviews § Financial investigations and forensic audits § Financial and operational pre-award reviews § Treasury Management § Project Financial Closure Reviews § Business and share valuation services § Planning for mergers, acquisitions and separations § Wealth/fund management and advisory services
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| 1.2.6.3 Training and Capacity Building | |
| Our approach is to integrate project management in each of the assignments we carryout. This ensures that assignments are carried out within time, budget, and with minimal disruption to the clients operations.
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Capacity Building
The challenge of all organizational managers is to recruit the best people, for the right jobs, train them, motivate them and retain them. Our firm recognizes the importance human resources play in attaining the desired results in any organizational situation. Under this service line, we offer the following services: § Training in ICT based skills i.e. accounting packages and selected financial management and audit areas. § Training in budgeting, output based budgeting, devolved budgets, Accounting, economics, performance measurement, taxation etc. § Training in business, economic, and finance courses for non-financial managers. oOur training approach involves use of the following tools: oClassroom Presentation oSeminar Presentation oOne on one training (Teacher-Student model) oTraining the Trainers training oCase Studies oGroup Discussions oVideos and simulations
Human Resource Management Training and capacity building cannot be separated from the human resource management services area where we provide resources that assist organizations in the following areas: § Training Needs Assessment § Redesign and development of organization strategies § HR reviews and analysis § Development of HR policies and manuals § Payroll management § Performance management
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| 1.2.6.4 Strategic planning Services
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Strategy must translate into transformation which should result into the achievement of the objectives and the vision.
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Strategic Planning
When it becomes important for an organization/institution to take stock of the way it operates to achieve its strategic objectives and carry out an exercise to re-think the strategic direction of the organization, TMK & CO. will be the ideal partner in facilitating this exercise. TMK & CO. has been a major part of the success of businesses and organisations that have carried out strategic planning with the input of our experienced and friendly team members. We base our service approach and philosophy on the following pillars: Proven Performance Delivery; Reliability of Recommendations; Service support; Integrity; Objectivity; and Confidentiality.
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1.2.6.5 Business Recovery and Winding up services The |
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If a business is experiencing financial difficulties, TMK can act on a consultancy basis to review the situation and advise on solutions that seek to rescue the business from financial disaster. |
Our services in this area include: Receiverships and business turnaround Business and share valuations Liquidations Mergers, acquisitions and buy-outs
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1.3 WHY TMK & COMPANY
TMK & CO. is a firm of Certified Public Accountants with experience of over 17 years providing auditing, accounting, taxation, management consultancy and other related services.
TMK & CO. serves clients using a proven audit management methodology that ensure that all audits are done in accordance with International Auditing Standards (ISAs).
Our philosophy is to “make performance happen” by providing our clients with a range of integrated value for money (VFM) services. We thrive on quality, timely and high integrity work that has enabled TMK & CO. grow from a small firm in 2001 to a medium size firm in 2017 that offers services to a wide range of local and international organizations including the Office of Auditor General, World Bank, UN Agencies (UNICEF, UNDP, UNFPA & WFP), Auditor General, European Union, DFID, USAID and other donor funded projects etc.
We have a track record in conducting assignments in Uganda, Rwanda, Somalia and Southern Sudan.
To ensure that we offer our clients a wide range of integrated value for money (VFM) services, we are associated with other firms:
TMK & CO.’s associate firm, Prime Solutions is registered with the World Bank in Washington to provide technical support to World Bank funded projects and to the World Bank.
We have also established networks through professional associations, trade associations and private sector business apex bodies like UNCCI, UMA, PSF, and UNAFFA in order to make our services more relevant to the main players in the economy.
We draw upon this experience to provide audit and other services to our clientele.
Our recruitment standards, promotion policies and professional training procedures:
Quality assurance and control
We are committed to promoting high standards of discipline, excellence and ethics through adherence to the firm’s quality standards and value charter and the laws of the country and the profession.
We believe in recruiting and retaining sound, professional and support staff, providing training and opportunities for growth in a stimulating and enabling environment.
We are dedicated to maintaining a strong internal administration, thereby enabling provision of quality service and ensuring client satisfaction.
At TMK & CO., relationships are our top priority, and we strongly believe that good relationships with our clients and stakeholders are a pre-requisite to success.
Our consultants are dedicated to devising and implementing innovative, client-based solutions that lead to the better utilization of resources and improvement of performance and delivery.
Audit Procedures Manual
Comprehensive audit procedures manuals are used at TMK & Company. The use of standardized audit procedures ensures that work is carried out in accordance with the outlined standards whether the audit is for local or transnational companies/organisations. Partners and staff involved in industry specific audits are required to undergo rigorous training to ensure that they are proficient with the operations, risks, legislation and regulations governing these industries. In addition to the audit manual, we have developed comprehensive audit and procedures manuals for industry specific audits in high-risk sectors such as banking and insurance, oil and gas etc.
Continuing Professional Education (CPE)
TMK & Company quality control standards stipulate that the firm establishes, under the supervision of the technical and training partner, a pertinent continuous professional development (CPD) programme. In addition to meeting the CPD standards of the firm, the programme is required to comply with the requirements of professional bodies. CPD is provided to all partners and staff by participation in in-house trainings, conferences and seminars. In addition, strict supervision of staff at the field level ensures that adequate, on the field training, is provided to staff on a continuous basis.
Recruitment standards
TMK and CO. employs professional and reliable staffs that are either qualified or are assisted to pursue professional accounting courses. Our recruitment processes ensure that we recruit the best, reliable and self driven individuals. We have a reliable team of staff who know that the firm succeeds by achieving the objectives of the various assignments they handle in the most professional, time efficient and objective manner. Our recruitment standards enhance retention of qualified, sound professional and support staff recruited from various cultures. This makes TMK & Company a multi cultural environment that embraces all cultural backgrounds.
Our Pre-qualification Status
As a partial manifestation of the organization’s competence, the firm is registered and approved to conduct statutory audits and provide financial advisory services by reputable organizations including:
- The institute of certified public Accountants of Uganda (ICPAU);
- The office of the Auditor General (OAG)
- UNDP and other UN agencies
- USAID
- The European Union (EU) and DFID
- Stanbic Bank of Uganda; and
- The Royal Danish Embassy through Danida and many other donors have included us on their respective service providers list as will be demonstrated by our relevant experience and client profile.
TMK & Company has a good responsive service delivery capability, approach to work and expertise
TMK & CO. has the expertise and experience in carrying out audit assignments as well as tax advisory and management/organisational development assignments.
We can provide a responsive service. The critical success factors and the key features of our approach help in concluding a successful assignment
Experience and methodologies to perform the work efficiently and quickly. Our approach uses tried and tested analytical tools that help to identify and explain issues. Our approach focuses on building management/board consensus and decision-taking quickly
A team of staff focused on similar work. We have developed dedicated industry specific teams that are trained to handle industry specific assignments quickly. These teams have been trained and have gained industry experience over time that is necessary not only to handle the assignments effectively and efficiently but also to ensure that the wealth of experience is passed over to the client in terms of value addition to the client staff and improvements is systems etc
Comprehensive understanding of the assignment’s objectives and surrounding environment.
Our teams have local knowledge of the operating environment, and also have international perspective having carried out similar assignments in other environments and operating in accordance with international standards. This combination ensures that our clients always get the best possible service and outputs.
Our Philosophy
Our philosophy is to “make performance happen” by providing our clients with a range of integrated value for money (VFM) services. We thrive on quality, timely and high integrity work that has enabled TMK & CO. grow from a small firm in 2001 to a medium size firm in 2017 that offers services to a wide range of local and international organizations including the World Bank, UN Agencies, Auditor General, European Union, DFID and other donor funded projects etc.
PART B: ORGANISATION AND STAFFING
3.1 ORGANISATION STRUCTURE
The firm has two Partners with vast experience in provision of auditing and advisory services. The senior partner has over 20 year’s experience in providing auditing, assurance and advisory services for a wide range of industries. There are also managers who are highly qualified with extensive experience in business, various industries, and NGO environments. Our firm has over 35 members of staff.
The firm’s organisation set-up ensures that our business is commercially and financially viable, serving customer needs more effectively and efficiently. Our structure in relation to our audit services is as shown below;
| Position | Activities/ Responsibility |
| Engagement Partner | Overall responsibility for audit and liaison with the client. Issue auditors’ report and management letter.
Oversee assignment planning, execution, finalization and preparation of reports. Also oversee service delivery to the client.
We always ensure that adequate partner time is planned and actually spent on the client’s service to ensure a quality service. |
| Concurrent Partner | Quality Assurance review.
Ensures that planned procedures and the firm’s deliverables meet the client’s expectations and international standards on auditing (ISAs). |
| Audit Managers / Tax Manager | Performs day to day coordination of the assignment with the client. Ensures all quality control/assurance procedures are effectively and efficiently carried out to ensure a quality audit. Updates the partners on the progress of the assignment on a regular basis. |
| Supervisor | Performs supervision of audit planning, audit execution; assist in finalisation and reporting. |
| Audit senior / Tax senior | Responsible for carrying out the planned procedures. Performs audit planning, audit execution; finalisation and reporting of the assignment. |
| Auditors
Picked from our pool of accountants |
Assist in audit planning and reporting. Also assists the audit senior in the execution of the audit strategy. |
3.2 OUR TEAM
At TMK & CO., we attach great value to the concept of teamwork. To us, teamwork means deploying our team to join your team to solve complex problems and challenges, in partnership with you. Our team of experts blends professionals that will offer unmatched market knowledge, experience and track record on this assignment. We would like to demonstrate our commitment to you by assuring you of our top resources. Below, we provide short profiles of our team of Public and Private Sector Consultants some of whom we could utilize on your assignment.
The firm has a sound management team. A participatory management style is in place and has resulted into more cohesion and team spirit among staff. Greater commitment and quality of customer service are major attributes.
The management team of the firm is composed of the following: –
- Tom Mpagi (Senior Partner)
- Mariam Namuyige (Partner)
- Douglas Kabenge (Business Development Director)
- James Mugabi – Director Assurance Services
- Nakafeero Eve (Audit Manager)
- Michael Kigudde (Audit Manager)
- Francis Nyanzi (Manager Tax & Advisory Services.)
- Barbara Nambasa (Manager Tax & Advisory
3.3 BRIEF RESUMES OF MANAGEMENT AND STAF
The resumes for the key personnel who constitute the management team of the firm are summarised below:
Tom Mpagi B.A Econ, FCCA CPA (U)
Tom is highly motivated person driven by venturing in new areas and nurturing them for success. He is a founder Partner of TMK & CO. and he spearheaded the drive and strategy of TMK & CO. to venture into new markets and partnerships in both the public and private sector in Uganda and the region. Tom is the Senior Partner of TMK & CO. and he heads the assurance side of the business and tax advisory services.
Experience
Experienced qualified practicing accountant and technical advisor with more than 20 years of auditing and financial management experience in the private and public sectors in Uganda, Rwanda, Somaliland, Southern Sudan and in the UK where he worked as a Finance Manager with Positive Care Link in London for four years before returning to Uganda in 1996. He worked as an Assistant Chief Accountant for Alarm Protection Services Ltd (Armor Holdings Ltd) for three years before he and other partners set up TMK & CO. and Prime Solutions Ltd.
Competencies
Tom has extensive experience in auditing, financial and management consultancy, budgeting and costing, business and share valuation, insolvency work and tax planning. He has handled government of Uganda financial audits and financial consultancy work, companies’ audit assignments and donor-funded projects including World Bank, DANIDA, UN Agencies, Belgian Technical Cooperation, EU, Norwegian Embassy and Ireland Aid funded projects. In addition, Tom has vast experience in auditing and financial management of NGOs. He has acted as a tax consultant to various companies in Uganda.
Professional Qualification
Tom is a Fellow of the Association of Certified Chartered Accountant (FCCA and holds an Upper Second Degree in Economics and Rural Economy of Makerere University.
Other Information
- Member of the Institute of Certified Public Accountants of Uganda (ICPAU)
- Member of the Institute of Certified Public Accountants of Rwanda (ICPAR)
- Registered with the World Bank to provide Financial Management Technical Assistance to the World Bank/IDA;
- Registered with the office of the Auditor General to carry out auditing work for the Government of Uganda
Contact Information
Mobile phone contact: 256-77- 705 162
Desk phone contact: 256-312-370475
General line contact: 256-41-423 2861 / 434 5921
Office email address: tmpagi@tmk.co.ug
Mariam Namuyige BCOM, CPA
Mariam holds a Bachelors’ degree in Commerce from Makerere University and is a member of the Institute of Certified Public Accountants of Uganda (CPA-U). She is a partner at TMK & CO. in charge of audit and assurance services. She has over thirteen years experience in auditing, financial management and consultancy in public and private sector organizations
She trained with PKF Uganda where she worked for eight years rising to the level of Audit Supervisor. She joined TMK and CO. in January 2011 as an audit manager and has risen to partnership level. Mariam has handled various assignments as an Audit Manager and a Partner for TMK. While working with PKF Uganda, she handled a cross section of clients including banks in Uganda and in Rwanda.
James Mugabi B.A Educ, FCCA CPA(U)
James is a Fellow of the Association of Certified Chartered Accountants (FCCA) and also holds a Bachelors degree of Education from Makerere University. He has over 15 years experience in auditing, financial management and tax. He trained with Patons Chartered Accountants in London where he worked for five years rising to a level of Audit Manager. James worked as a Finance Manager with the London Light House a London based NGO for 3 years before returning to Uganda. He worked as a Senior Manager Audits with the Uganda Revenue Authority for two years gaining vast experience in tax planning and auditing.
Experience
James has extensive experience in auditing, financial and management consultancy, insolvency work and tax planning. He has handled government of Uganda financial audits and financial consultancy work, companies’ audit assignments and donor-funded projects including World Bank, DANIDA, UN Agencies, Belgian Technical Cooperation and Ireland Aid funded projects. In addition, James has vast experience in auditing and financial management of NGOs. He has acted as a tax consultant to various companies in Uganda.
Competencies
- Financial management capacity assessments/supervision and recommending improvements
- Review of programmes/projects’ financial management performance
- Financial audits and value for money audits
- Tax planning
- Setting up and documenting financial management and administration procedures
- Training in financial management
- Expenditure/SOE verifications
- Excellent report writing skills
- Excellent skills in team leading and quality assurance of consultancy assignment
Contact Information
Desk phone contact: 256-31-237 0476
Office phone contact: 256-41-423 2861 / 434 5921
Office email address: jmugabi@tmk.co.ug
Douglas Sendagire Kabenge BA Accounting & finance, PGDM
Douglas Ivan Ssendagire Kabenge, is a composed, diligent and quality focused person, keen to find solutions in challenging management environments and business engagements. He is a family man, married and has been blessed with three children. A person of astute character, practicing Christian who upholds the values of integrity, mutual trust and respect and commits to set objectives.
Douglas is the Business Development Director of TMK & CO. He is the brains behind the business development and excellent client relations that TMK and CO. has become to be known for. Douglas is deeply involved in business prospecting; development of project implementation methodology based on individual client needs; management of consultancy teams and support staff in project implementation; quality assurance; management of assignment finances and; post project evaluation of consultancy assignments
Experience
Douglas embarked on his working career through a series of trainee opportunities in the United Kingdom with such international organizations like British Telecoms, Mercury Telecoms and Philips Electronic where he took on roles ranging from a trainee in Financial Analysis to a Product Training Administrator. On returning to Uganda, Douglas continued with his career by marketing fuel and fuel products for one of the leading petroleum distribution companies where he built and maintained a portfolio of leading corporate consumers. This was followed by a period of service in the leading Telecommunications Company – MTN Uganda, where he initially served as a Corporate Accounts Executive before joining the Finance function in the role of a Senior Management Accountant and later Senior Revenue Accountant. He is credited with prospecting and developing a list of corporate clients while in the Corporate Sales area and impacting on the development of the structures required to manage the billing, credit control, collections and roaming partners’ contract administration for this leading network. Following the above, he launched his career into the consulting world with Prime Solutions as a Director in 2004. He is currently an Associate Partner of TMK & CO. and is responsible for Business Development.
Competencies
Douglas has very high analytical skills which he has ably applied in Financial Management Reviews, Expenditure Tracking Studies, Fiduciary Risk Assessments, Formulation of Financial Management systems and staff Development Plans, strategic planning, project proposal formulation and project performance evaluation and appraisals for clients such as the World Bank, Government of Uganda, Local Governments, NGOs and reputable Private sector enterprises
Other Information
Chairman Board of Directors, Contact Graphics Limited
Board Member, Interact Association of Uganda
Member, Rotary International
Contact Information
Mobile phone contact: 256-78-249 3396
Desk phone contact: 256-31-237 0476
Office phone contact: 256-41-423 2861 / 434 5921
Office email address: dkabenge@tmk.co.ug
Personal email address: kabengd89@gmail.com
Michael Kiggudde BCOM, FCCA
Michael is a Chartered Certified Accountant (ACCA) with over thirteen year work experience in the UK and Uganda. Michael has risen through the ranks from the level of an audit senior to a Senior Audit Manager. Michael trained with Ernest & Young for three years before joining TMK & CO. Michael has wide experience having worked as an Audit Senior on various assignments both with Ernest & Young and with TMK & CO. He has been on audit teams for banks, telephone companies, insurances and donor funded organisations among others.
He has experience in auditing, tax administration, commercial banking, financial administration, financial systems review, financial procedures manual development, computerizing accounts and human resource training.
Other technical staff
In addition to the key staff above, TMK and CO. has a number of senior and junior staffs most of them pursuing professional courses who under the supervision of the partners deliver a quality and timely service to our clients.
This is in addition to an adequate presence of support staff that ensures that the technical staffs are well facilitated to be able to deliver on the assignments for which TMK & CO. is contracted.
PART C: NAMES AND PARTICULARS OF THE FIRM’S MAJOR CLIENTS
4.1 TMK & COMPANY CLIENTELE REFERENCES
The firm aims at providing its clients with a satisfactory service and we will always seek to ensure that this is so.
As a firm of highly proficient professionals, we regard ourselves well placed to meet our client’s business needs. The team is confident and creative with a clear customer focus that ensures that the solutions offered to our clients are the best that they can be. The firm provides professional services within the regulatory framework of the International Accounting Standards, as resounded by the Institute of Certified Public Accountants of Uganda. A sample of the assignments that has been worked on by our staff and the firm include the following;
| Name of project | Client
Period activity was carried out |
Types of Activities undertaken | Reference Contact Details (Name, Phone, Email) |
| Final project independent audit for two Health Pooled Funds (HPF) projects for the period 30 August 2017 to 30 June 2018 and expenditure verification for 3 months July – September 2018 For Lot 11 and Lot 17 | International Rescue Committee (IRC) South Sudan.
July 2018 and October 2018 |
This was an end of project audit and expenditure verification to carry out agreed upon procedures to confirm that the funds given by DFID and other donors were used for eligible activities in compliance with the project agreement. | Tefera Belachew
Finance Controller IRC South Sudan
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| Final project independent audit for two Health Pooled Funds (HPF) projects for the period 30 August 2017 to 30 June 2018 and expenditure verification for 3 months July – September 2018
For Lot 5 and Lot 6. |
HealthNet TPO South Sudan | This was an end of project audit and expenditure verification to carry out agreed upon procedures to confirm that the funds given by DFID and other donors were used for eligible activities in compliance with the project agreement. | Mr. George Lutwama
Country Director Healthnet TPO South Sudan 1st Floor Sadeco Centre, Airport Road
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| Final Project Audit
For the project Improving food availability and access in Akobo county, Jonglei State for the period 01 June 2017 to 30 May 2018 |
Agency for Technical Cooperation and Development (ACTED), South Sudan
During the period 27 August 2018 to 26 September 2018
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This was a project end audit to confirm eligibility of expenditures and compliance with the funding agreement for the project. | Inge Meesak Country Transparency and Compliance Officer Juba – South Sudan Hai Cinema, Plot No. 64, AXII. Juba – South Sudan Phone : +211 926 100 327 Skype : ingem3 |
Meesak”acted.org
Organizational audit for the year ended December 2017
MEDAIR
South Sudan
Carried out an external audit of the NGO in accordance with International Standards on Auditing (ISAs) and International Reporting Standards and express an opinion on the truth and fairness of the financial statements. Confirm compliance with laws and regulations, compliance with donor agreements.
Sarah Kinyoda
Finance Manager
South Sudan
+211(0)091534782
Email finance-southsudan@medair.org
Skype: sarah.kinyoda
HACT Transitional audits for projects ended in 2016 and some for 2017
UNDP South Sudan
August-September 2017
Carried out a financial audit and audit of internal controls for 73 projects implemented by various NGOs in South Sudan funded by UNDP to confirm the expenditure incurred by the projects for the year ended December 2016 were incurred in accordance with the UNDP accounting procedures and were: (i) in conformity with the approved project budgets; (ii) for the approved purposes of the project; (iii) in compliance with the relevant UNDP regulations and rules, policies and procedures; and (iv) supported by properly approved vouchers and other supporting documents.
Kennedy
Chlbvcngodze, Team leader, Programme and Partnership Support Unit.
HACT Transitional audits for projects ended in 2016 and some for 2015
UNDP South Sudan
February –March 2017
Carried out a financial audit and audit of internal controls for 94 projects implemented by various NGOs in South Sudan funded by UNDP to confirm the expenditure incurred by the projects for the year ended December 2016 were incurred in accordance with the UNDP accounting procedures and were: (i) in conformity with the approved project budgets; (ii) for the approved purposes of the project; (iii) in compliance with the relevant UNDP regulations and rules, policies and procedures; and (iv) supported by properly approved vouchers and other supporting documents.
Kennedy
Chlbvcngodze, Team leader, Programme and Partnership Support Unit.
HACT Transitional Audits for projects ended in 2014, 2015 and 2016
UNDP South Sudan
October –December 2016
Carried out a financial audit and audit of internal controls for 144 projects implemented by various NGOs in South Sudan funded by UNDP to confirm the expenditure incurred by the projects for the year ended December 2015 were incurred in accordance with the UNDP accounting procedures and were: (i) in conformity with the approved project budgets; (ii) for the approved purposes of the project; (iii) in compliance with the relevant UNDP regulations and rules, policies and procedures; and (iv) supported by properly approved vouchers and other supporting documents.
Kennedy
Chlbvcngodze, Team leader, Programme and Partnership Support Unit.
Spot-check of UNICEF funded implementing partners
UNICEF South Sudan
November to December 2016
TMK & CO. is currently carrying out spot check exercises to confirm the accuracy and validity of expenditures claimed by implementing partners (IPs) in their FACE forms (expenditure statements). The exercise also involves checking progress made by IPs in implementing internal control recommendations based on previous assurance activities carried out by UNICEF (audits, micro assessments and spot checks).
Carrying out HACT Micro Assessments.
United Development Program (UNDP) South Sudan and UNICEF South Sudan
2013 – to date
TMK & CO. is having framework contracts with UNDP and UNICEF South Sudan to carry out financial management capacity assessments for the UN Agencies in Southern Sudan. TMK & CO. carries out financial management assessments for implementing partners funded by UN Agencies under the HACT arrangement to establish their capacity before they are funded by the UN Agencies. The assessment is to assist the UN agencies to determine the funds disbursement modalities and to identify capacity building requirements. The capacity assessment covers the implementing partners, governance and accountability structures, funds flow arrangements, staffing for the finance function, financial procedures and policies, internal and external audit arrangements, monitoring and evaluation and effectiveness of the information system.
Kennedy
Chlbvcngodze, Team leader, Programme and Partnership Support Unit.
· kennedy.chibvongodze@undp.org
HACT Transitional Audits for the year ended 31st December 2015
UNDP South Sudan
February 2016-April 2016
Carried out a financial audit and audit of internal controls for 56 projects implemented by various NGOs in South Sudan funded by UNDP to confirm the expenditure incurred by the projects for the year ended December 2015 were incurred in accordance with the UNDP accounting procedures and were: (i) in conformity with the approved project budgets; (ii) for the approved purposes of the project; (iii) in compliance with the relevant UNDP regulations and rules, policies and procedures; and (iv) supported by properly approved vouchers and other supporting documents.
Kennedy
Chlbvongodze, Team leader, Programme and Partnership Support Unit.
Implementation of food security and livelihood (FLS) activities in Akobo Counties in order to improve food d nutritional Security funded by Swiss Agency for Development and CooperationAgency for Technical Cooperation and Development (ACTED) South Sudan
The objectives of the audit was to enable us to express an opinion on whether:
· the Financial Report presents fairly, in all material respects, the actual expenditure incurred and the revenue received for the Project for the period from 01 October 2015 to 31 May 2017 in conformity with the applicable Contractual Conditions; and
the Project funds provided by the SDC have, in all material respects, been used in conformity with the applicable Contractual Conditions.
Catherine Courbe,
Country Transparency and Compliance Officer, ACTED South Sudan.
Tel +211 956 893452
Catherine.courbe@ACTED.org
Audit of the Health Pooled Fund (HPF) for Lot 12, Mayom Sub Country and Abiemnom County, Mid-term Independent Project audit for the period 16 November 2016 to 30 June 2016World Relief South SudanThis was an expenditure verification to carry out agreed upon procedures to confirm that the funds given by DFID were use for eligible activities in compliance with the project agreement.
Martin Oyugi
+211955611524
moyugi@wr.org
External audit of 16 Project Implementing Partners in the districts of Mukono, Kampala, Sembabule, Kiboga, Kyankwanzi, and Lwengo which commenced on 20th July 2015 ended in October 2015
ABi Trust
(The Agricultural Business Initiative Trust)
To provide independent and objective assurance that all grant funds aBi Trust provided to the implementing partner have been utilized in accordance with the objective and aBi Trust grant fund.
Ibrahim Abayo
Internal Auditor
Tel; +256 312 351 600
Mob;+256 717 440 741
ABI TRUST
UMOJA House, 2nd Floor| Plot 20, Nakasero Road
PO Box 29851, Kampala, Uganda
Annual audits for two projects in Southern Sudan directly implemented by UNDP Juba office for the Access to Justice and Support to Public Administration for the year ended 31st December 2014.UNDP, South Sudan
Expressing an opinion on whether the financial statements, statement of fixed assets and cash statement presents fairly the balances as at 31 December 2014.
Janet Du Plessis-Nel
Audit Administrative Associate
Office of Audit and Investigations
Regional Audit Centre for East and Southern Africa (RAC-ESA)
UNDP
Tel +27 12 354 8030/8132
e-mail: janet.duplessis-nel@undp.org
Financial Audit of project activities for Uganda Non Communicable Diseases Alliance project – Capacity Development Phase 2 worth Shs. 900 million from 2013 to March 2015.
Uganda Non Communicable Diseases (NCD) Alliance- (UNCDA)
· Determined whether the Uganda NCD Alliance complied with the reporting requirements of the Danish NCD Alliance.
· Tested the compliance with the donor terms and conditions; and the local laws and regulations.
· Assessed to determine whether the Uganda NCD Alliance complied with the principles of procurement as described in the project document.
Grace Amongi Oyile
Chief Executive Officer UNCDA
Office: 0393 513 672 MOBILE: 0776/ 0703 508 504
Skype: graceamongi WEBSITE: WWW.UNCDA.ORGFinancial Audit of the Organisation for the year ended 31 December 2013
CMD (Christian Mission for Development)
South Sudan
Express an opinion on whether financial statements give a true and fair view of the state of financial affairs of CMD as at 31st December 2013 and of its financial performance and cash flows for the year then ended in accordance with Generally Accepted Accounting Principles and the Non-Governmental Organization Act.Rev. Thomas Tut Gany
Executive Director, CMD
Tel: +211955432664; +211 919701340.
E-mail: info@cmdsouthsudan.org
C/O ECS Provincial/Head Office
P.O Box 110 Juba,
Southern Sudan
Financial Audit of the Organisation for the year ended 31 December 2013
Terre des hommes
South Sudan
Express an opinion on whether financial statements give a true and fair view of the state of financial affairs of TDH as at 31st December 2015 and of its financial performance and cash flows for the year then ended in accordance with Generally Accepted Accounting Principles and the Non-Governmental Organization Act.
Bolivar Kalubi
Finance and Administration
TDH
+211 956319031
Audit of the organizational financial statements for the year ended 31 December 2015
Universal Intervention Development Organization (UNIDO) – South Sudan
Carried out an external audit of the NGO in accordance with International Standards on Auditing (ISAs) and International Reporting Standards and express an opinion on the truth and fairness of the financial statements. Confirm compliance with laws and regulations, compliance with donor agreements, the financial report presents fairly, in all material respects, the actual expenditure incurred and the revenue received for the projects, assess value for money received by the NGO in its activities implementation etc.James Keah Ninrew
Executive Director
UNIDO South Sudan & Kenya
ed@unidosouthsudan.org
ninrewk@gmail.com
Skype. james.Keah
+211955008160
+211917088006
+211927394926
+254722304348
Factual Findings Of Northern Uganda Agricultural Recovery Programme (ARLEP)-PE.No.3
For The Period 01st January 2012 to 31st December 2012
The European Delegation to Uganda
Our engagement was an expenditure verification which is an engagement to perform certain agreed-upon procedures with regard to the Record of Expenditure for the above mentioned Programme Estimate. The objective of this expenditure verification is for us to carry out certain procedures to which we have agreed and to submit to you a report of factual findings with regard to the procedures performed.
Marion Nabisere Tibeijuka
Acting Audit Task Manager – EU Delegation
Crested Towers, 15th Floor Plot 17-23 Hannington Rd, P.O. Box 5244, Kampala.
+256 772 121191
Marion.NABISERE-BEIJUKA@eeas.europa.eu
Factual Findings for: DGAP Parliament PE No. 2; Sawlog Production Grant Scheme (SPGS) PE No. 3; EPA TAPPS PE No. 3; DGAP Programme Management Unit PE No. 2: For the period 1st Jan 2013 to 31st March 2013The European Delegation to Uganda
Our engagement was an expenditure verification which is an engagement to perform certain agreed-upon procedures with regard to the Record of Expenditure for the above mentioned Programme Estimate. The objective of this expenditure verification is for us to carry out certain procedures to which we have agreed and to submit to you a report of factual findings with regard to the procedures performed.
Marion Nabisere Tibeijuka
Acting Audit Task Manager – EU Delegation
Crested Towers, 15th Floor Plot 17-23 Hannington Rd, P.O. Box 5244, Kampala.
+256 772 121191
Marion.NABISERE-BEIJUKA@eeas.europa.eu
Financial Audit for the Sawlog Production Grant Scheme (SPGS) Phase II Programme Estimate 2 the period from 21st December 2010 to 20th June 2012The European Delegation to Uganda
The objectives of the audit was to enable us to express an opinion on whether:
· the Financial Report presents fairly, in all material respects, the actual expenditure incurred and the revenue received for the Project for the period from 21st December 2010 to 20th June 2012 in conformity with the applicable Contractual Conditions; and
· the Project funds provided by the European Union have, in all material respects, been used in conformity with the applicable Contractual Conditions.
Marion Nabisere Tibeijuka
Acting Audit Task Manager – EU Delegation
Crested Towers, 15th Floor Plot 17-23 Hannington Rd, P.O. Box 5244, Kampala.
+256 772 121191
Marion.NABISERE-BEIJUKA@eeas.europa.eu
Final Audit of Programme Estimate 3 for the National Authorising Officer (NAO) for the period January 2009 to December 2010.
TMK & CO. is one of only 15 firms in Uganda that were selected by the EU Delegation to Uganda to carry out audits for the EU funded programmes.
The European Delegation to Uganda
The objectives of the audit was to enable us to express an opinion on whether:
· the Financial Report presents fairly, in all material respects, the actual expenditure incurred and the revenue received for the Project for the period from 01.01.2009 to 31.12.2010 (for the PE No. 3) and 15.12.2006 to 31.12.2010 (for the overall project) in conformity with the applicable Contractual Conditions; and
· the Project funds provided by the European Union have, in all material respects, been used in conformity with the applicable Contractual Conditions.
We shall provide an Independent Auditors Report on the financial statement of the Support to NAO (National Authorising Officer) Project for the period from 01.01.2009 to 31.12.2010 (for the PE No. 3) and 15.12.2006 to 31.12.2010 (for the overall project), prepared in accordance with the International Accounting Standards (IASs), the General Accepted Auditing Standards (GAAS) and as per the EU Audit Report standard template provided in the tender documents.
Marion Nabisere Tibeijuka
Acting Audit Task Manager – EU Delegation
Crested Towers, 15th Floor Plot 17-23 Hannington Rd, P.O. Box 5244, Kampala.
+256 772 121191
Marion.NABISERE-BEIJUKA@eeas.europa.eu
NIM/NGO audits of 13 projects for the year ended December 2009UNDP in Uganda
1. The audit involved Expressing an opinion on whether the Combined Delivery Reports (CDR), including disbursements and encumbrances of the Projects for the period 01/01/2009 to 31/12/2009 presents fairly, in all material respects, expenditures incurred on the projects; and whether these expenditures were incurred: (i) in conformity with the approved project budgets; (ii) for the approved purposes of the project; (iii) in compliance with the relevant regulations and rules, policies and procedures of UNDP or those of the NGOs; (iv) in accordance with donor grant terms; and (iv) supported by properly approved vouchers and other supporting documents.
2. Express an opinion on whether the projects’ Statements of Assets and cash balances as at 31/12/2009 presents fairly, in all material respects, the balance of the projects.
3. Provide an overall assessment of the operational and internal control systems that are in place for the management of the projects so that related transactions are processed in accordance with UNDP policies and procedures and for the achievement of the projects’ objectives
Deputy Resident Country Representative (Operations)
Year-end audits for the years ended 2008-2012
CUAMM an Italian NGO
TMK & Co has been carrying out year-end audits for this international NGO for the last 4 year.
In addition to the organisational audit, the audit includes auditing of various projects funded by different development partners such as the EU. The audit is carried out in accordance with international standards on auditing and in accordance with the development partners’ auditing guidelines.
Year-end audits for the years ended 2009-2010
Concern Worldwide Uganda office
TMK & CO. carried out year-end audits for this international NGO for the last 2 year.
In addition to the organisational audit, the audit includes auditing of various projects funded by different development partners such as the EU. The audit is carried out in accordance with international standards on auditing and in accordance with the development partners’ auditing guidelines.
Provision of external audit services
Nsambya School
Annual audit for the financial year ended 30th June 2010, 30th June 2011 and 30th June 2012
Kitasimbwa Charles
Financial Controller
Nsambya Hospital
+256 414 267012
nsambyahosp@africaonline.CO.ug
Year end audits of Lower Level Governments for the financial year ended 30th June 2010.Office of The Auditor General
The office of the Auditor General (OAG) is mandated to carry out year-end audits for all government ministries, agencies, departments and local governments. The OAG appointed TMK & CO. to carry out year-end financial audits, systems audits and sample performance audits for 13 sub counties for the financial year ended 30th June 2010.
In addition to the audit of the 13 sub counties, TMK & CO. has carried out a number of audits on behalf of the Auditor General including auditing Posta Uganda Limited which has over 35 branches country wide for the last four years, auditing Road Sector Support Programme 1 for the year ended June 2014 etc.
Office of the Auditor General
Mr. Masuba Francis
Director- Audits
+256 414 344340
www.oag.go.ug
Audit of Bundibugyo Integrated Development Programme for the Period 2005 to 2008 and the financial year ended 31st December 2009
Belgian Technical Cooperation (BTC)
This was an audit of a 3.5 million Euro project. The audit was carried out in accordance with international standards on auditing and included expressing an opinion on the financial statements, on the system of internal controls and compliance with procurement regulations. The audit include preparing a management letter including recommendations to address any weaknesses
Expenditure Verification of a European Community financed Grant Contract for External Actions
CUAMM an Italian NGO
The title of the Action is Improving Access and Quality of Reproductive Health Services for Oyam District, Uganda. Activities are implemented by Oyam district, Uganda Marty’s University Nkozi and Cooperazione Internazionale (COOPI).
Erina Ankunda
Financial Controller
+256 267585
e.ankunda@cuamm.org
Carrying out year-end 2011 financial audit for the Uganda Land AllianceUganda Land Alliance
Provided year-end financial audit services for the whole organisation which is funded by DANIDA, DFID, Ford Foundation, UNDP among others.
Uganda Land Alliance is national NGO with head quarters in Kampala. Its aim is to enhance access, control and ownership of land by poor women, men, children and other marginalized
groups through the promotion of fair policies and laws for the protection of land rights
Nyeko Robert
Financial Controller
Plot 1521, Block 29, Mawanda Road (off Kira road), Kamwokya, Kampala
P.O Box 26990 Kampala, Uganda
Tel: +256- 414-540048,
Fax: +256-414-540038,
Mob: +256 782 587 512
E-mail: ula@ulaug.org
Provision of Internal audit services for the National Environmental Management AuthorityNational Environment Authority (NEMA)
TMK & CO. provided internal audit services to NEMA during the financial years 2007/2008 and 2008/2009. The service involved carrying out risk assessments and risk profiling for all departments, system audits, and performance audits for specific projects, forensic audits and investigations as instructed by the board audit committee.
The National Environment Management Authority (NEMA) is the government agency that is responsible for regulating the use of the environment and enforcing laws related to the utilisation of the environment in Uganda to avoid environment degradation. The Authority has its head quarters in Kampala and it supervises work carried out throughout the country. NEMA technically supervises the work carried out by District Environment Officers. NEMA funds some environmental monitoring and enforcement activities at the district level.
akasekende@nemaug.orgExternal Audit and advisory services 2008-2013
COWI Uganda Limited – A subsidiary of COWI A/S Denmark
Annual External Audit Services
Provision of tax consultancy service and handling of tax filing services
Project audit to verify expenditures carried out by the project to design and supervise construction of and upgrading of Lacor, Matany, and Kalongo Health Training schools
Project audit to verify expenditures carried out by the project to carry out a Road count project financed by DANIDA under the District Road Networks Programme
David Nduga Kawesa
Finance and Administration.
+256772 426700
Provision of Tax and Advisory Services
For the years ended 2012, 2013 and 2014, managing the payroll of this branch which is part of a multinational company based in Denmark.
COWI A/S – A branch of COWI A/S Denmark
TMK & CO. provides tax advisory services for this branch of COWI A/S Denmark
jehp@cowi.dk
Year end statutory audits for the years ended 30th June 2013, 2014 and 2015 for Job Connect LimitedJob Connect LimitedTMK & CO. provides tax advisory services for this company in addition to statutory audits
Doreen Mwesigye
Managing Director
Job Connect
0772778014
Year end statutory audits for the years ended 30th June 2013, 2014 and 2015 for Chillies Takeaways Limited. We manage the payroll of over 100 staff for this food chain with nine outlets in Uganda.Chillies Takeaways LimitedTMK & CO. provides tax advisory services for this company
Fabian Rwalinda
Managing Director
0702120596
Year end statutory audits for the years ended 30th June 2013, 2014 and 2015 for Dema Trade Limited
Dema Trade Limited –
Milk processing plant based in Kisoro- Uganda
TMK & CO. provides tax advisory services for this company in addition to statutory audits
Fred Kamugo
Financial Controller
Tel. 0787287856
Provision of external audit services
Posta Uganda Limited –
Annual audits for Posta Uganda Ltd which has over 30 branches in Uganda for the financial years
Statutory audit services for 2004/2005, 2005/2006, 2007/2008 and 2008/2009.
James Arinaitwe
Executive Director
Posta Uganda
P.O Box 7106, Kampala, Uganda
Tel: 256-414-255511/5, 256-414-340915/9
Fax: 256-414-346450
Email: upl@ugapost.CO.ug
Provision of statutory auditUganda Local Governments Association (ULGA)Carrying out a statutory audit and projects audits for the financial years ended 30th June 2012, 2013 and 2014Gertrude Rose Gamwera
Secretary General
Uganda Local Governments Association
Plot 136 Najjanankumbi, Entebbe Road – Kampala
Tel: +256 414 347575
Mob: +256 777 183634