Analysis of IFAC-PAFA Africa Transformation Report The Managing Director of Merit Advisory Services has reviewed the IFAC-PAFA Africa Transformation Report and prepared a summary that captures its key themes and insights. The report emphasizes the accountancy profession’s role in driving Africa’s sustainable economic growth and regional integration. It highlights the importance of finance professionals in […]
Merit Advisory Services has published an in-depth paper titled “Unlocking Revenue Potential: The Case for Implementing Value-Added Tax in Somalia,” authored by Burhan Salah. The paper explores Somalia’s current tax system, which heavily relies on import taxes and has one of the lowest tax-to-GDP ratios in the region at just 2.9%. With the existing sales […]
In the challenging economic and regulatory landscape of Somalia, businesses are increasingly recognizing the vital role of internal audits in steering their operations towards sustainability and growth. Internal audits provide a critical framework for evaluating and improving the effectiveness of risk management, control, and governance processes. This function is not merely about compliance or financial […]
Introduction In Somalia, a nation striving toward economic stability and development, the role of accountants is pivotal. Accountants contribute significantly to the financial accuracy and strategic planning necessary for businesses and governmental entities alike. This article explores the various roles and the importance of accountants in Somalia’s socio-economic context. 2. Supporting Economic DevelopmentAccountants are at […]
At Merit Advisory, we are committed to delivering exceptional value and strategic insights that empower our clients to achieve their aspirations. Our partnership with Vista Group reaffirms this commitment, and we are confident that our collaborative efforts will result in outstanding success and industry leadership. A Synergy of Expertise and Innovation This partnership represents a […]
Introduction In today’s fast-paced and highly competitive business landscape, staying organized and efficient is key to success. As your business grows, managing various aspects such as operations, inventory, finances, and customer relationships can become overwhelming. This is where ERP software solutions come into play. By seamlessly integrating all your business processes into a single system, […]
Merit Advisory: Since 2019, our dynamic consulting firm delivers premier services in accounting, auditing, IT, and advisory. Growing across three offices in Somalia, we strive for excellence in every insight, guiding your success.
