Authentix Ghana: BDO Testimonial

  • Client: Authentix Ghana Ltd
  • Industry/Field: Petroleum Industry
  • Challenge/Context: Authentix Ghana Ltd, a business in a regulated industry needed ongoing support to manage its accounting and local payments, stay tax compliant, and meet complex reporting requirements like transfer pricing. With growing demands and changing tax rules, they sought a reliable partner for accurate, timely, and strategic financial and tax support services.

Engagement Overview

  • Objective: To maintain precise financial records, ensure full compliance with tax and statutory obligations, and support transfer pricing documentation in accordance with local and international regulations.
  • BDO’s Role: Since 2018, BDO Ghana has served as a trusted accounting and tax advisor to Authentix, delivering comprehensive financial reporting, tax advisory and compliance services.

Key Activities

  • Maintained accurate and timely bookkeeping.
  • Prepared financial statements in line with applicable accounting standards.
  • Ensured full tax compliance, including return preparation and timely filing.
  • Facilitated statutory compliance, including corporate, payroll, and regulatory obligations
  • Managed all relevant statutory payments to ensure timely fulfilment
  • Delivered transfer pricing compliance services, including:
  • Preparation and updates of the Local File
  • Review of the Master File to ensure consistency with local documentation
  • Preparation and filing of the Transfer Pricing Return in line with compliance requirements.

Outcomes

  • Reliable financial record-keeping, enabling strong internal controls and audit readiness
  • Sustained tax compliance, minimizing risk and enhancing operational confidence
  • Effective transfer pricing documentation, aligning with both OECD and GRA guidelines.
  • Timely and accurate reporting processes improved.
  • Trusted, long-term partnership, supporting the growth and regulatory standing
  • Increased financial clarity, enabling better planning and strategic decisions.

We have worked with SCG Chartered Accountants, now BDO Ghana, since 2018, and they have consistently proven to be an invaluable partner to our business. Their unwavering support in managing our bookkeeping and ensuring tax compliance has significantly contributed to our financial success. Their responsive and knowledgeable team is always there to address our queries promptly, guaranteeing the precision of our financial records and timely fulfilment of our tax obligations. We genuinely appreciate the exceptional service they consistently deliver!

Matthew BackusFormer Tax Director, and now Corporate Counsel, Authentix