HACA PARTNERS
Audit & Governance
Services
Governance forms the backbone of any entity. Here is HACA Partners devolving its energy and its competencies
from the design of state of the art and tailored governance model to the assistance in developing and performing key control functions and consulting services.
EXTERNAL AUDIT
Experienced professionals driven by normative & quality Standards
INTERNAL AUDIT
We strive for Pragmatic Audit & Pragmatic Insights
Regulatory & Compliance
We steer you towards Regulation in Motion
Risk Management & Valuation
Risk is exciting we help management control it
Management Consulting
Tailored Solutions to move your Business forward
Corporate Governance
Pragmatism in action
Together with these core services we have developed competencies that we put at your disposal
in a broader range: navigate and discover
Board of directors
DIRECTORSHIP MANDATE
In the context of the corporate governance enhancement, HACA Partners is able to guide you and provide for insightful help and assistance
- • Mandate as non-executive independent Director to accompany the supervision, compliance and development of your Company
- • Support in the execution of your governance during your Annual General Meeting, Board of Directors and other specialized Executive Committees using local expertise and technical knowledge
- • Assistance in developing a sound corporate governance design and efficient governance implementation (dedicated set of procedures reflecting the tone of your governance)
EXECUTIVE MANAGEMENT
EXECUTIVE MANAGEMENT SUPPORT
HACA Partners assists the Executive Management towards an effective, sound and prudent day-to-day business and inherent risk management
- • Implementation of internal written policies and procedures to respect all strategies and guiding principles laid down by the Board
- • Preparation of internal code of conduct
- • Assistance to prepare remediation action plan to regulator’s observations, internal and external auditors’ recommendations
2nd line of defence
RISK MANAGEMENT
RISK MANAGEMENT & VALUATION
RISK MANAGEMENT
Based on specificities of your organization and business model, HACA Partners has a critical look into your procedures and processes and provide tailored solutions to manage your risks:
- • Support in setting up effective risk management policy and processes
- • Appraisal of risk management processes (e.g. identification of risk indicators: VaR, IRR, occupancy rate)
- • Development of risk mitigation strategies and operations
- • Review of specific risks
VALUATION AND FINANCIAL MODELLING
For regulatory reporting or informational purposes, having a clear view of the value of your business enables a sounder decision-making process. We provide cost-effective, impartial and tailored outsourcing service for the valuation of all or part of a business. Either as reviewer, preparer or as support, we ensure valuation requirements are properly satisfied.
COMPLIANCE
REGULATORY & COMPLIANCE
HACA Partners’ team of experienced experts will help you master the AML/CTF, MiFID and other regulatory challenges your entity might be facing
Compliance:
- • Draft/review of documents such as AML Policy, Compliance monitoring plan, procedures manual, etc.
- • GDPR Compliance Services
- • Forensic investigation: AML/CTF, employee fraud, market abuse
- • Interim resources to support your Compliance department
- • Staff training (e.g. annual AML training, market abuse)
Regulatory:
- • Regulatory watch service
- • Preparation for on-site inspection by the CSSF
- • Support while dealing with CSSF license application
FINANCE & ACCOUNTING
FINANCE & ACCOUNTING
Our professionals are up-to-date with the latest developments
in the Luxembourg and International accounting standards.
Our services include:
- • Assistance in the preparation of annual accounts (Lux GAAP and IFRS)
- • Support in the preparation of periodic or annual reporting packages for international group of companies
- • Assistance in the reconciliations between Lux GAAP and IFRS
- • Opinion on specific accounting matters
- • Assistance during the closing periods
3rd line of defence
INTERNAL AUDIT
INTERNAL AUDIT
HACA Partners is your Internal Auditor striving for insightful recommendations aiming to add value and qualitatively advise the Management
Co-sourcing: Having resource shortage? We reinforce and bring extra flexibility to your internal audit team to cope with peaks of activity and to complete your team on specific / technical matters (Governance, Outsourcing, AML IV/V, MiFID II/ PRIIPs, MAD II, IT security, etc.).
Outsourcing: Wishing to outsource your Internal Audit function or just willing to externalize sensitive topics (e.g. Remuneration Policy, Governance, …)? Your internal audit function is fully supported by our dedicated team of experienced professionals able to provide insights, assurance required to meet your objectives.
Quality Assurance Review:Wondering how your internal audit function stands compared to best practices? We help you assess your compliance with professional standards (IPPF) and the areas for improvement within your internal audit function. We then provide recommendations allowing your internal audit team to reach top-notch quality and to ensure that controls are adequately designed and work effectively to mitigate your risks.
Controls Report:Looking for assurance regarding the robustness of your organization and control environment (e.g. ISAE 3402; ISAE 3000, SSAE 16;…)? Our “Cabinet de révision agréé” by the CSSF can help you in this project and issue such reports.
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Engagement
scope -
Risk
model -
Audit
plan -
Audit
program -
Audit testing
& workpapers -
Reports
& insights
01 - ENGAGEMENT SCOPE
During the planning portion of the audit, we notify the client,
discuss the scope and objectives of the examination
in a formal meeting with the management.
02 - RISK MODEL
The development of the audit universe and risk model
is the foundation of the internal audit strategic plan, ensuring
an effective risk-based internal audit.
03 - AUDIT PLAN
Based on the preliminary risk assessment, we develop
a comprehensive internal audit plan.
The internal audit strategic plan that we establish will be presented,
discussed and approved by Management and the Board of Directors.
04 - AUDIT PROGRAM
The audit programs constitute our written plan of inspection, observation, confirmation, and inquiry that details the steps to gather the evidential matter required by auditing standards.
05 - AUDIT TESTING & WORKPAPERS
As internal auditors, we must document our activity. The most important objective of documentation is to provide a record of information that supports the information presented in the final internal audit report.
06 - REPORTS & INSIGHTS
The audit report is the key deliverable of the internal audit. It reflects the quality of the audit work performed and the judgment and integrity of the role of audit in the organization. The internal audit report content will include an executive summary, our audit conclusion, our observations, the identified causes, related impacts/risks, recommendations and proposals for corrective actions, management responses and deadlines.
MANAGEMENT CONSULTING
MANAGEMENT CONSULTING
Business Cases and Project Management
Delivering best-in-class Processes, Organizational Structure and Information Technology is part of our DNA. Backed by strong business cases, we support our clients in implementing the strategy, changes or recommendations to achieve ambitious results, relying on sound project management practices.
Specialized CFO services
We are able to provide the full set of CFO services, from the assistance with the local and international GAAPs, GAAPs reconciliation, to the implementation of specialized software, financial dashboards and balanced scorecards.
Outsourcing and Interim Management
Our team can take over interim management assignments, and substitute to open positions in your organization for short to medium-term durations.
EXTERNAL AUDIT
EXTERNAL AUDIT
At HACA Partners, CSSF approved independent audit firm (“cabinet de révision agréé”), we believe external audit is best achieved through a sincere and collaborative process between your organization and our team of dedicated experienced staff willing to understand your business and identifying its risks and addressing your needs.
Our services include:
Legal / Statutory audit and contractual audit: from the audit of your stand-alone Lux GAAP/IFRS Financial Statements to the consolidated Lux GAAP/IFRS Financial Statements, our professionals will perform independent audit in accordance with the International Standards of Auditing (ISA) aiming to deliver high quality audits.
Agreed upon procedures: you need to have comfort on specifics matters, figures or procedures? Our team is there to perform clerical checks in accordance with your instructions and highlight all the risks and misstatement noted.
Specific legal audit requirement: Luxembourg Laws and Regulations have reserved the performance of audit related missions exclusively to Luxembourg approved statutory auditors in some circumstances. Among others, these may be required to be performed by approved statutory auditor:
– Contribution in kind;
– Mergers, absorption or other corporate transaction;
– Interim dividends;
– Change of legal form of a company;
– Liquidation auditor (commissaire à la liquidation).
Values
- H Humility
- A Availability
- C Competencies
- A Accountability
When two enthusiastic entrepreneurs meet and combine
their experiences and knowledge with one goal in mind:
bring all their energy serving humbly and thoroughly
clients looking for agile partneships-alike cooperation.
About us
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Said HADJI Partner
Member of IIA, ALCO and ALRIM, Saïd built a robust experience
Mob. +352 691 176 271 shadji@hacapartners.lu
in auditing and advising clients for a « big four » Company in Luxembourg.
Saïd has 10 years of professional career serving the Financial Services
Industry players in Luxembourg, mainly Banks, PSF and
Management Companies.
Saïd also had the opportunity to practice Internal Audit function
in a high ranked Private Bank in Luxembourg.
His range of expertise includes regulatory compliance,
financial auditing and internal control systems. -
Cyril CAYEZ Partner
Member of the IIA, ALCO and ALRIM, Cyril has been serving
Mob. +352 621 174 164 ccayez@hacapartners.lu
the Financial Services Industry for more than 15 years of
which 11 in Luxembourg (Banks, PSF, Management Companies,
UCITS and Alternative Funds).
Cyril is a Réviseur d’Entreprises in Luxembourg since 2010
and gained international experience in
Singapore and France.
On top of his background as external audit and advisory Partner,
Cyril brings actual experience from Internal Auditor, Risk Manager
and Compliance Officer positions.
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Marc BUSSUTIL Partner
Member of IIA, ALCO and ALRIM, Marc benefits for
Mob. +352 661 559 449 mbussutil@hacapartners.lu
more than 10 years of experience in audit serving Banks, PSFs and
Management Companies.
He built a solid expertise in Internal Audit and Governance by leading
internal audit assignments in Luxembourg and abroad
(i.e. Switzerland, Monaco, Spain and France) for
high ranked Banking & Insurance actors based in Luxembourg.
Marc also spent several years in a « big four » audit firm by managing
external audits and advisory mandates for prestigious
well-known financial services clients.
His range of expertise includes internal audit, regulatory compliance, governance and financial auditing. -
Philippe BARTHELEMY Partner
Philippe has been dealing with Private Equity activities for more than a decade now, with a genuine passion for the industry.
Mob. +352 691 941 566 pbarthelemy@hacapartners.lu
He gained a sound and deep experience of all types of Private Equity & Real Estate investments through various types of functions within privately-owned firms or for PE players : independent advisors, corporate valuations, conducting officer, board member.
Philippe’s assignments cover organization review, due diligences, corporate valuations, performance management and process optimization. His versatility and adaptability are the guarantee of the success and the quality of the missions he is accountable for.
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Ibra NDIAYE Partner
Member of IRE (Luxembourg) and CNCC (France), Ibra built a robust experience in auditing and advising clients in France and Luxembourg.
Mob : +352 671 886 458 indiaye@hacapartners.lu
He has forged his expertise in his fields by supervising audit assignments for commercial companies, financial entities, holdings companies, private equity and real estate funds.
Ibra is Réviseur d’Entreprises Agréé in Luxembourg and certified auditor in France (Commissaire aux comptes).
His spectrum of expertise includes deep knowledge on Lux Gaap, French Gaap and IFRS and coordination of consolidated audit with involvement of international components. -
Jean-François QUEVRAIN Partner
Jean-François has been fully dedicated to the
Mob. +352 621 194 834 jfquevrain@hacapartners.lu
Private Equity sector since the very beginning of his
professional career in 2007.
He gained a sound and deep experience of all types of
Private Equity & Venture Capital investments through the audits
of several significant mandates and advisory missions provided to
alternative investments players.Jean-François’ missions cover organization
review, financial audit, due diligences, financial valuations,
project management and performance management
& process optimization.
His versatility and adaptability are the guarantee of the success
and the quality of the missions he is accountable for.
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Samuel CLERC Director
Samuel has been fully dedicated to the Financial Industry sector since the very beginning of his professional career. He gained a sound and deep experience of all types of Private Equity, Venture Capital & LBO direct investments through sourcing, execution, monitoring and exit deals as well as fund of funds investments on the lower mid-market with several significant mandates throughout Europe.
Mob : +352 621 468 978 sclerc@hacapartners.lu
In addition to its expertise in Private Equity, Samuel has also restructured a small cap engineering company as CFO/Co-CEO bringing it from financial distress to positive Cash flow.
Samuel’s missions cover due diligences, financial valuations, performance management, risk management, financial audit, process optimization and operational management.
His versatility and adaptability are the guarantee of the success and the quality of the missions he is accountable for. -
Contact & Policies
HACA Partners - Cabinet de révision agréé
Société à responsabilité limitée
6, route d'Esch – L-1470 Luxembourg
Grand Duchy of Luxembourg
R.C.S Luxembourg B 204968
Capital - 12.500 EUR