Summary
Overview
Work History
Education
Skills
Affiliations
Certification
Languages
Work Availability
Quote
Timeline
Hi, I’m

GILBERT LOMOFIO

CHARTERED ACCOUNTANT
Greater Accra,Accra
GILBERT LOMOFIO

Summary

Gilbert Adjetey Lomofio is a results-driven Professional Accountant and Tax Consultant who is adept at building and leading high-performance teams. Gilbert has built a niche for himself as a decisive leader and strategic planner with a resilient and forward-thinking approach to achieving results which should be relevant to both current circumstances and those in the foreseeable future.

Because of my exposure to several difference financial reporting scenarios as a result of my work as an audit and tax expert, I can adapt to different business and financial reporting environments. I am ready to leverage on my fifteen years of experience in the financial reporting, auditing and taxation arena to enhance the image of your firm within the market place.

Overview

15
years of professional experience
1
Certification

Work History

John Kay & Co

Ag. Managing Partner
01.2021 - Current

Job overview


  • Maintaining positive client relationships and driving new acquisitions.
  • Developing and implementing firm goals, procedures, and policies.
  • Consulting and cooperating with other partners and employees to ensure seamless firm and clients management.
  • Consulting and cooperating with regulators of the Accountancy Practice Regulator (Institute of Chartered Accountants - Ghana) to ensure that the firm is compliant with legal and regulatory requirements so as to sustain the practice and avoid sanctions.
  • Overseeing the implementation of the requirements of relevant standards such as the International Standard on Quality Management 1 and 2, the Code of Ethics for Professional Accountants (Including Independence Standards).
  • Reviewing engagement files and deliverables for compliance with relevant audit and assurance standards issued by the International Auditing and Assurance Standards Board as well as International Financial Reporting Standard issued by the International Accounting Standards Board.
  • Signing off engagement deliverables (e,g. Audit Opinion) for submission to clients and relevant regulators.
  • Supervising employee training programs, and providing support for an effective and efficient performance by engagement teams.
  • Overseeing hiring activities and approving contracts.
  • Performing quarterly revenue and cost analysis for discussions with other Partners and management staff.

John Kay & Co

Tax Partner
06.2017 - 12.2020

Job overview

  • Lead tax engagement teams to perform tax preparations and filings for clients.
  • Utilized tax software to prepare returns and meet deadlines.
  • Completed and filed returns with tax departments at Central and local government levels.
  • Maintained complete records of client tax returns and supporting documentation in secured areas.
  • Collaborated with clients to answer questions and provide advice on tax matters.
  • Analyzed financial documents to accurately reflect client information on tax returns.
  • Reviewed clients tax filing papers thoroughly to determine eligibility for additional tax credits or deductions.
  • Offered clients recommendations to reduce tax liabilities.
  • Contacted the Ghana Revenue Authority or other relevant government organizations on behalf of client to address issues related to tax self-preparation.
  • Responded to inquiries from the Ghana Revenue Authority and other tax authorities.

John Kay & Co

Audit and Tax Manager
12.2012 - 05.2017

Job overview

  • Lead my teams to perform audit and tax engagement fieldwork.
  • Performed a second level file review and sign-off before submitting them to the engagement Partners for a final review before the deliverables are signed-off.
  • Supervised the preparation of financial statements in accordance with International Financial Reporting Standard and other GAAP for our clients.
  • Provided first level accounting and tax advice to our clients during each audit or tax engagement.
  • Assisted Tax Partner with accounting for and filing of income tax returns for our clients in Ghana.
  • Lead teams of professionals to perform other advisory engagements such as financial due diligence during a mergers and acquisitions, fraud and malpractices investigations, Remuneration Surveys, Executive Searches, Business Process Manual Preparation among other assignments.
  • Assisted clients with business registrations and renewals at the Registrar General's Department of Ghana

KPMG

Audit Senior Associate
08.2008 - 11.2012

Job overview

  • Participated in a number of audits as a field supervisor, reporting on the engagement progress to the Engagement Manager
  • Assessed internal controls by identifying variances and deficiencies and recommending critical changes.
  • Delegated work to team members and student interns to share workload and continue meeting audit goals.
  • Managed team of no less than three field auditors.
  • Developed and executed strategy for audit engagements.
  • Kept audits working smoothly to meet strict timetables and labor hour budgets.
  • Collaborated with clients' management teams and audit team members to collect audit information and recommend strategic business improvements.
  • Employed expertise in auditing, accounting and generally accepted principles to accurately assess records.
  • Planned, directed and closed out complicated reviews involving multiple teams and more than 150 labor hours.
  • Supervised and trained junior audit staff and student interns in how to effectively review physical and digital data.

Education

Institute of Chartered Accountants - Ghana
Accra, Ghana

Fellowship Certificate from Professional Accountancy
05.2022

University Overview

Association of Chartered Certified Accountants
United Kingdom

Fellowship Certificate from Professional Accountancy
07.2015

University Overview

University of Ghana
Accra, Ghana

MBA from Finance
05.2013

University Overview

  • Dissertation: The Risk and Return of Collective Investment Schemes; The Ghanaian Case.

University of Ghana
Accra, Ghana

Bachelor of Science from Accounting
05.2004

University Overview

  • Dissertation: Mergers and Acquisitions in the 21st Century and Beyond, the Case of Guiness Ghana Breweries Limited.

Skills

  • Working knowledge of Financial Reporting Standards (e,g, IFRS and IFRS for SME's)
  • Working knowledge of Auditing and Assurance Standards (e,g, International Standards on Auditing)
  • Financial Management and Oversight Skills
  • Engagement Management Expertise
  • Payroll Understanding
  • Auditing Expertise
  • Understanding and application oof International Taxation principles and Ghana Tax Legislations
  • Human Resources Management and Deployment
  • Audit and Assurance Services applications (e,g, Caseware, Draftworx, IDEA, PCAS)
  • Working knowledge of Microsoft Office Applications
  • Efficient and Effective Team Player
  • Audit and Assurance Services applications (e,g, Caseware, Draftworx, IDEA, PCAS)
  • Working knowledge of Microsoft Office Applications
  • Efficient and Effective Team Player

Affiliations

Affiliations

Accountancy Practice Society of Ghana

Ga North District Society of the Institute of Chartered Accountants - Ghana

Tax Practice Society of Ghana

Ghana - South Africa Business Chamber

Full Gospel Business Men's Fellowship International

Certification

  • Accountancy Practice Certificate - [1st January 2023 to 31st December 2023, renewable]

Languages

English
Advanced (C1)
Spanish
Elementary (A2)
Availability
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Quote

The heights by great men reached and kept were not attained by sudden flight, but they, while their companions slept, were toiling upward in the night.
Henry Wadsworth Longfellow

Timeline

Ag. Managing Partner
John Kay & Co
01.2021 - Current
Tax Partner
John Kay & Co
06.2017 - 12.2020
Audit and Tax Manager
John Kay & Co
12.2012 - 05.2017
Audit Senior Associate
KPMG
08.2008 - 11.2012
Institute of Chartered Accountants - Ghana
Fellowship Certificate from Professional Accountancy
Association of Chartered Certified Accountants
Fellowship Certificate from Professional Accountancy
University of Ghana
MBA from Finance
University of Ghana
Bachelor of Science from Accounting
GILBERT LOMOFIOCHARTERED ACCOUNTANT