The Watkins Financial Management Group

OUR ORGANIZATION

The Watkins Financial Management Group comprises:

Forensic Accountants and Auditors International Inc.
Financial Managers Incorporated
Tyrone Watkins Associates

We offer a full range of services to local and international clients.

OUR SERVICES

Our experience and training enables us to provide complete and personalized services to small and large commercial enterprises, and to the various governmental and non-governmental agencies of the Caribbean and beyond. We offer the following range of services to both small and large clients.

Audit and Special Investigations
Through a thorough understanding of the business environment, our clients are assured of audit services of the highest quality. We also provide financial advisory services such as:
1. Financial Investigations in connection with prospectuses for the issue of new shares and bonds.
2. Reports on profit and cash flow forecasts.
3. Evaluation of performance against management objectives and financial forecasts.
4. Financial advice on acquisitions, mergers, reorganisations, takeovers, and rationalisations.
5. Management audit and internal audits.
6. Share valuations.
Taxation Services
Our expertise in taxation ensures that our clients are able to avoid the extra tax burdens which could arise from a lack of awareness or incorrect interpretation of current fiscal legislation; and take full advantage of all available tax incentives and concessions.
Management Consultancy
Because of our high standard of professional competence in business administration and management, we are able to assist our clients towards improving their managerial and technical skills and their financial results by providing specialist experience and techniques in management. We therefore offer the following services:
1. General Service Studies relating to the various sectors of industry and commerce.
2. Management Accounting Services.
3. Business Valuations and Company Profiles.
4. Investment and Feasibility Studies.
5. Marketing Studies and Distribution Advice.
6. Customs Brokerage Services
7. Data Processing Services
8. Production advice (including stock and production control).
9. Advice on Operations Research.
Accounting and Financial Management Consultancy Services
We provide assistance to clients in setting up and management of accounting systems, maintenance and rationalisation of existing accounting systems and systems audits.
We also carry out capability assessments of financial systems, assess internal control weaknesses and determine compliance with Generally Accepted Accounting Standards. In addition, we provide properly trained accounting and book-keeping personnel to assist clients with the maintenance of accounting and book-keeping records, and we also provide training for accounting staff when required.
Corporate Services
Professional engagements in the corporate services field are available to clients of all sizes and include:
1. Formation of Limited Companies, both profit and non-profit in consultation with corporate lawyers.
2. Registered Office facilities for client companies in order to facilitate the statutory requirements.
3. Corporate Secretarial and Business Administration Services.
4. Preparation of prospectus or offer documents in consultation with the company's accountants and corporate lawyers, and administration of share issues.
Receivership and Liquidation Services
The timely appointment of a receiver often affords a financially troubled institution a better opportunity for reorganisation and reconstruction. Our advisory services in this area include:
1. Preparation of material for credit and loan applications to facilitate refinancing, acquisition and capital projects.
2. Evaluation of financial position.
3. Preparation of comprehensive monthly plans and budgets.
4. Assistance in the resolution of lending or financing problems through refinancing and restructuring.
Computer Consultancy Services
In the field of computer technology we provide the following services:
1. Computer Audit and Controls.
2. Computerization of Financial Systems.
3. Assistance in choosing and installing computers and computer systems.
4. Computer training to client's staff.
5. EDP Accounting Services aimed primarily at small and medium sized businesses. Our system enables us to:-
  1. Prepare comprehensive financial reports on a timely basis to provide the information needed to control a business.
  2. Maintain complete sets of accounting records using computer facilities with the benefits of speed, accuracy and saving of manual effort, and meet individual reporting needs of all types of businesses.
International Development Consultancy Services
We have experience and training in administration of development assistance projects funded by international donor agencies.
We are therefore able to provide the following services:
1. Project identification and design.
2. Project implementation and management.
3. Installation and maintenance of project financial management and project accounting systems.
4. Establishment and installation of procurement and contracting systems for international donor projects.
5. Preparation of procedures manuals for administration, accounting, procurement and contracting for projects.
6. Procurement and contracting services.
7. Project compliance, program and financial audits.
8. Project Evaluations.
9. Project financial reviews.
10. Capability assessments and pre-award surveys of grantees and implementing agencies.
Government Financial Management, Accounting and Auditing Services
We are Certified Government Financial Managers and we provide the following services for government departments and other governmental agencies as well as regional umbrella organisations:
1. Training for government accountants and other financial management personnel.
2. Review and analysis of financial management systems of government departments and other governmental agencies: advice on systems improvement and internal controls.
3. Capability assessments of Supreme Audit Institutions (Office of the Auditor General); advice on improvement, if required, to international auditing standards.
4. Preparation of Audit Manuals for Supreme Audit Institutions.
Fraud Investigation, Forensic Auditing and Accounting and Examination Services
We are Certified Forensic Accountants and Certified Fraud Examiners specialising in providing a wide range of services in all sectors, including Forensic Auditing and Forensic Accounting Services. In addition, we organise seminars on fraud investigation, examination and detection.
Certified Financial Services Auditors
We are Certified Auditors to the financial services industry. We are Certified Financial Services Auditors to such industries as Insurance, Credit Unions, Credit Card Issuers, Brokerage Firms, Finance Companies, Mortgage Bankers, Investment Bankers and General Bankers.
Property Management Services
We also provide property management services, which include rent collection, property rental and dealing with tenants, and general property management services.
Offshore Business Services
We provide services for setting up and management of Offshore Banks, International Business Companies and Foreign Sales Corporations.
Our Clients and Professional Standards
Individual attention to the specific needs of each client is a fundamental aspect of the professional services offered by The Watkins Financial Management Group, to ensure continuity, promptness and personal service to our clients.
We place great emphasis on training and continuing professional development of all our personnel.
Your Future
We at The Watkins Financial Management Centre are confident that we have the resources, experience and initiative to help you make and keep your business a success.

We want to help you achieve your goals, and for information we invite you to contact us at:

THE WATKINS FINANCIAL MANAGEMENT CENTRE
P.O. BOX 937,
WHITEHALL MAIN ROAD,
ST. MICHAEL,
BARBADOS
WEST INDIES.

Tel: (246) 425-5012
Fax: (246) 425-5013

Email: financialmanagers@tyronewatkinsassociates.com

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