Audit & Assurance

The Audit & Assurance practice of our firm is managed by the Partners who are all members of the Institute of Chartered Accountants of Sri Lanka (ICASL). The Partners are supported by Audit assistants who are capable of planning, execution and supervision of the audits. The quality of the audit and assurance practice is governed by the Sri Lanka Auditing Standards and Sri Lanka Accounting Standards lay down by the Institute of Chartered Accountants of Sri Lanka and we recommend our clients to comply with the Companies Act No.07 of 2007 and other relevant statutory requirements governing their business conduct.

Our audit and assurance practice provides both financial statement verification and integrated audit services, to improve financial reporting processes and to comply with both the Sri Lanka and International accounting and auditing standards.

Audit & assurance services that meet the highest standards. We guarantee that our service is independent, unbiased, professional objective and technically excellent.

Accounting Assignments

We undertake accounting assignments from varies industries such as Manufacturing and Processing, Finance and Insurance, Travel, Agriculture, Services, Local Trading, Hotels, International Trading and Others.

Team KM capable of doing wide range of accounting assignments with their Accounting knowledge, Technical guidance and experience.

We are using Accounting software with latest technology to facilitate our clients’ needs; mainly we are using accounting package called “Profit” for our in-house services and Team KM also familiar with most of the accounting software such as Tally, QuickBooks, AccPack, etc.

In our accounting assignments we follow Sri Lanka Accounting Standers (SLAS) which is similar to International Accounting standers (IAS).


Tax & Business advisory

The emphasis is on proactive tax planning and strategy thus ensuring that all available relieves, exemptions and concessions are claimed. Our clients include Corporate Companies and Individuals.

Our tax professionals help our client firms to minimize their tax liability through careful planning that also ensures compliance with domestic and international tax laws. We will also keep clients current on the latest changes that will impact business’ tax strategy. We take a holistic view of tax, combining industry insight with the technical skills of our financial and tax professionals to develop comprehensive integrated solutions.

Our tax and business advisory services include:

.: Tax Planning and Investments covering Income Tax, Sales Tax, and other Taxes.
.: Advising and giving opinions on the Interpretation of Statutes.
.: Representing clients with the Inland Revenue Authorities for negotiation, arguing appeals...
.: Preparing Tax Computations, Tax Returns, Capital Computations for Tax Authorities.
.: Attending to Tax Payments of Clients.
.: Submitting appeals and objections in terms of the laws.

Corporate Secretarial Services

We function as Company Secretaries attending to the formalities laid down by relevant authorities such as Registrar of Companies, etc. This includes matters relating to incorporation of companies, registration of trade marks/name, filing of annual returns, share issue and transfers, attending board meetings etc.

Further, we provide recruitment services for local and overseas placement and assist in registration of companies as Board of Investment of Sri Lanka (BOI) approved ventures.

Statutory Compliance Services:
We will maintain your corporate secretarial statutory registers on your behalf at our premises. Although we
can never relieve directors of their ultimate responsibilities under the law, we can make life a great deal easier by providing you with advice, scheduling all events, preparing all documents and forms as well as dealing with the Registrar of Companies on your behalf. We provide the following services for all registered limited liability companies: Maintaining statutory books; Preparing and filing annual returns; Drafting minutes, notices and resolutions of all types; Attending Board Meetings, Audit Committee Meetings, Annual General Meetings, and any Extraordinary General Meetings; Attending to all Registrar of Companies filing requirements; Handling share allotments and transfers.

Advisory and Consultancy Services:
If you are struggling with a technicality, heading for trouble over a statutory requirement, or have in mind a complex project involving changes to your company's or group's formal constitutional arrangements, ownership or capital structure, it makes sense to take early professional advice. We can assist you in the following areas: Company formations, including incorporation of companies limited by guarantee &unlimited companies. Company formation with the Board of Investment of Sri Lanka approval. Liaising with the BOI for project approvals, concessions, incentives and site approvals. Exchange Control approvals for share issue /capitalization, repatriation of dividends. Registration of Branch offices and Liaison Offices Re-registrations - public to private and vice versa and other permitted re-registrations. Establishment of foundations.


.: Acting as Corporate Secretaries for reputed Companies including maintaining all statutory books.
.: Formation of Companies; the total service from the time of name approval to the point of opening of a

   Bank Account, including the supply of Seals, Statutory Books, etc.
.: Acting as the Secretariat for Corporate Planning with technical inputs.
.: Undertaking Share Issues, Bonus and Rights Issues, assisting in payment of Dividends.
.: Attending Board meetings and statutory meetings and keeping minutes.


Other Services
.: Recruitment of Personnel for clients
.: Computerized Accounting on a limited scale
.: Handling of Statutory Payments
.: Computer based payroll Bureau Services
.: Inventory verifications

Corporate Secretaries, Accounting and book keeping, Tax management and computation, Management consultancy and Recruitment services are provided through HARVEST BUSINESS CONSULTANTS (PVT) LIMITED our consulting and secretarial arm

Our Fees
Our Fees, which may be billed as work progresses, are based on the time cost incurred by the individuals assigned to the engagement plus direct-out of-pocket expenses. Individual hourly rates vary according to the degree of responsibility involved and the experience and skill required. We are able to give an estimate of our cost on any specific assignment.