Nigerian accounting firm Stransact Partners has decided to launch its own accounting network.
Founder Mr Eben Farheed Joels confirmed the news in the United States, where he is currently working on opening the US arm - Stransact LLC.
According to Eben Farheed Joels, the network will be managed by UK entity Stransact LLP and will be made up of local partners who are specialists in assurance, advisory and tax services in their countries of residence.
The network will provide resources and technology to help member firms grow their independent practices. Members of the network will be based principally in countries with a significant number of African owned businesses.
Access to global best practices and affordable compliance services is a major obstacle hindering companies in emerging markets from competing globally.
In Nigeria, for example, Stransact continues to work with growing energy companies such as Seplat Petroleum Development Company PLC and Afren Plc, to provide strategic tax advisory services based on its strong local knowledge and the mutual respect between the firm and the revenue authorities, says Eben Farheed Joels.
Eben Farheed Joels explains that helping clients maintain their commitment to ethics in a difficult environment such as Nigeria, while successfully navigating the relevant regulatory framework, has given Stransact a unique voice in compliance and attest work - and it is this unique voice that is propelling Stransact LLP to assist those committed to creating wealth for the society to avoid booby traps set by regulatory hawks.
Global Trader meets ... Stransact.
Globally, Stransact Partners local firms bring together its worldwide knowledge and resources and leverage its formidable credentials to provide superior advice for our clients, with:
Global capability - Global experience and knowhow are embedded in our culture. We will leverage our worldwide resources quickly and efficiently.
Insight - We will harness our local firms experience in assisting a wide variety of clients’ pioneer innovative approaches and explore emerging issues and trends. With our understanding of the key performance drivers and processes that shape their business, and we will help them make the future happen by using our knowledge, intellect and creativity.
Industry knowledge - Stransact Partners is a multi-disciplinary industry specialist practice. As a result, our local firms’ clients benefit from our enhanced knowledge of their industry. We know how their markets work and what their issues are. True knowledge illuminates even the most complex problems. We know how to synchronise and deploy knowledge. That is our specialty.