Prudence Sembua

Experience

• 

  The Duke of Edinburgh's International Award Foundation

  Jan 2014 - Nov 2016

  Gold Awardee
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  PKF in Eastern Africa

  Jul 2018 - Mar 2021

  Audit Assistant

  Roles and Responsibilities• Planned audit engagements and communicated with the clients to set audit timelines and ensure adherence to time budget.• Reviewed financial statements to ensure accuracy and necessary disclosures were made in compliance with International Financial Reporting Standards (IFRS) and other regulatory requirements.• Undertook special audit reviews based on agreed upon procedures in accordance with ISRS 4400 for project audits.• Provided value adding insights through developing findings, discussing with clients, and making recommendations on corrective actions.• Established alternative audit, accounting and internal control procedures in performance of audits and recommended process improvements to aid clients in addressing deficiencies. • Provided tax advice on Corporate Income Tax, Value Added Tax (VAT), Digital Service Tax (DST), Pay – As – You – Earn (PAYE) and Withholding Tax to clients in consultation with the internal tax department. Show less

• 

  PwC Kenya

  Apr 2021 - Jan 2023

  • Project management involving preparation of project plans, resource allocation, project delivery, and project reporting.• Financial reporting involving preparation of monthly, quarterly, and annual account for various client.• Coaching team members and organizing trainings on bookkeeping and tax to build competency for quality delivery of engagements.• Working closely with management to develop business strategy to achieve business unit goals.• Monitoring budget, revenue and variance trends for clients, and regularly apprising management of company's financial standing. Show less Roles and Responsibilities• Ensuring organizations/clients maintain full tax compliance with Kenya tax requirements and with internal control requirements.• Providing Kenya Revenue Authority (KRA) Tax and external audit support by preparing and compiling support documents and addressing audit queries enabling audits to be completed on time. • Managing all tax affairs i.e., compliance, reporting, risk & opportunity management.• Compiling and ensuring accuracy and timely filing of the indirect tax returns while ensuring proper supporting documentation and explanations are available for all tax returns.• Ensuring that all financial statements reconciliations are prepared on time and in an IFRS compliant way and following up on any aged or unreconciled items.• Proactively seeking for process improvement (tax and accounting) opportunities and advising clients on any non-compliance.• Participating and contributing to the success of month-end close by executing tasks accurately and according to the timetable. Show less

  • Senior Associate - Tax Reporting and Compliance

    Jul 2022 - Jan 2023

  • Digital Accelerator

    Apr 2022 - Jan 2023

  • Associate -Tax Reporting and Compliance

    Apr 2021 - Jul 2022
• 

  Stanbic Bank Kenya

  Jan 2023 - now

  Tax Analyst

  Responsibilities• Managing relationships with the Kenya Revenue Authority (KRA) and National Revenue Authority (South Sudan) for tax-related queries and changes in tax legislation impacting the business. • Ensuring taxes i.e., VAT, excise duty, sales tax, custom duties, PAYE and withholding taxes, are prepared and submitted to the KRA and NRA within prescribed timelines.• Proactively advising the business on the implications of new products and key transactions.• Ensuring that legislative changes are adopted in a timely manner and implementation of system changes where necessary. • Managing relationships with the Kenya Revenue Authority (KRA) and National Revenue Authority (South Sudan) for tax-related queries and changes in tax legislation impacting the business. • Preparing income and deferred tax provisions and related financial statement disclosures, including tax planning, and forecasting reports.• Coordinating with external tax advisors on Kenya and South Sudan corporation tax computations and returns and ensuring timely submissions. Show less