Elixir Audits, Chartered Accountants

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Sectors

Industries we know
from the inside.

Sector knowledge shortens every engagement. Below each sector are the findings we actually raise there, not a list of topics. If your sector is not here, ask us: we will tell you honestly how deep our experience in it goes.

01

Mining support services

Contractors, equipment providers, haulage and camp services working to the mines.

What we find here

  • Retention balances nobody has aged, and some past their release date
  • Reimbursable costs outside the contractual claim window
  • Dollar contracts against cedi costs, with the exposure unmodelled
  • Local content evidence obligations flowed down to you by contract

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02

Oil and gas support services

Service companies across the upstream and downstream chain.

What we find here

  • Permit and registration renewals tracked by one person, undocumented
  • Expatriate employees taxed on the wrong basis, compounding monthly
  • Local content asserted in submissions but not evidenced in records
  • Intra-group charges from a foreign parent without transfer pricing support

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03

Energy and petroleum

Oil marketing companies, liquidity providers, depot and station operators.

What we find here

  • Levies recognised through revenue with no collected-to-remitted reconciliation
  • Volumetric stock variances outside tolerance, or no tolerance defined
  • Dealer credit limits set years ago and never revisited
  • Station and depot leases not assessed under IFRS 16

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04

Financial services

Savings and loans, rural and community banks, microfinance and fintech.

What we find here

  • Restructured facilities reset to current without credit reassessment
  • Probability of default carried forward rather than derived from your own data
  • Collateral valuations years old, realisation assumed at book value
  • Capital adequacy modelled annually rather than monthly

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05

NGOs and donor-funded programmes

International NGOs, local implementing partners and donor-funded programmes.

What we find here

  • Withholding tax not deducted on grant-funded payments to local suppliers
  • Shared costs allocated without a written and consistent basis
  • Costs incurred outside the implementation period, and so ineligible
  • Procurement below the funder's thresholds with no documented waiver

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06

Manufacturing and FMCG

Producers, importers, distributors and multi-location retail.

What we find here

  • Standard costs not revisited, with absorption based on volumes no longer achieved
  • Unabsorbed overhead capitalised into stock rather than expensed
  • Distributor credit limits set at onboarding and never reviewed
  • Stock counted on different days at different locations

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07

Healthcare

Private hospitals, diagnostic groups, pharmacies and HMOs.

What we find here

  • Claims provision set as a flat percentage rather than from rejection experience
  • Rejected claims not resubmitted within the permitted window
  • Input tax not apportioned between exempt and taxable supplies
  • Consultant engagement status unexamined where it resembles employment

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08

Construction and real estate

Contractors, developers, facilities managers and property companies.

What we find here

  • Cost to complete never revised, so stage of completion overstates progress
  • Variations performed on verbal instruction with no register
  • Subcontractor withholding applied at one rate across a mixed base
  • Property businesses still applying the abolished immovable property flat rate

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Honest note

If we have not done it, we will say so.

If your industry is not listed, or if our work in it is thinner than you need, we will tell you and, where it helps, point you to a firm better placed.

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