A chartered accountancy firm in Casablanca
Upsilon Consulting is a chartered accountancy firm based in Casablanca, with an office in Marrakech. Since 2011, it has worked with Moroccan SMEs, subsidiaries of foreign groups and entrepreneurs setting up their company, on their accounting, their payroll, their taxes and the audit of their accounts. Its 40 professionals now serve over 300 clients.
The firm is led by three partners:
- Salaheddine Yatim, Managing Partner, chartered accountant, former manager at Deloitte and sworn expert at the Casablanca Court of Appeal;
- Abdelhakim Soudi, partner, chartered accountant and statutory auditor;
- Yassine Benjelloun Touimi, partner, in charge of financial planning and analysis.
Audit and advisory engagements are supervised by Mansour Eddekkaki, manager. The team page presents their backgrounds.
What the firm does
- Bookkeeping: data entry, reconciliations, VAT returns, year-end closing, financial statements and tax return package (liasse fiscale).
- Payroll: payslips, CNSS returns, IR withholding, annual salary statement.
- Tax advice: written memos, review of tax positions, restructuring transactions, assistance during a tax audit.
- Company formation: choice of legal form, articles of association, registration, first obligations.
- Audit and statutory audit: statutory certification of accounts, contractual audit, contribution and conversion appraisals.
A single company can entrust several of these engagements to the firm.
Who we work for
SMEs and family businesses. The owner-manager is looking for someone who keeps the accounts, prepares the returns and helps read the figures when a decision has to be made.
Subsidiaries of foreign groups. They must comply with Moroccan law and report to the group according to its standards and timetable. The firm works in French, English and Arabic.
Business founders. From the choice of legal form to the first balance sheet, they need a firm that follows the company from the day it is set up.
How we work
An engagement letter. Each engagement starts with a letter that sets out what the firm does, what the company does, the documents to be provided and the timetable. It is the common reference whenever a question arises.
A named contact. The company knows who handles its file day to day and which partner is responsible for it.
Written answers. On a tax or accounting question, the answer is given in writing, with the text it is based on.
A calendar kept by the firm. Deadlines (VAT, CNSS, IR, year-end closing, tax return on taxable income) are tracked by the firm, which requests documents in time rather than waiting for them.
Our offices
- Casablanca: CAF Office, boulevard Abderrahim Bouabid, corner of boulevard Omar Al Khiam.
- Marrakech: rue Aboubakr Seddiq, « les Orangers » building, office no. 10, 2nd floor, Hivernage.
Files are also handled remotely for companies based elsewhere in Morocco; important meetings and audit fieldwork take place on site.
Frequently asked questions
What is the difference between a chartered accountant and a certified accountant (comptable agréé)?
A chartered accountant is registered on the roll of the Order of Chartered Accountants, governed by Law 15-89. Both can keep accounts, but only a chartered accountant registered with the Order can be a statutory auditor (Article 160 of Law 17-95). Our guide to choosing a chartered accountant sets out the criteria to examine.
What is the difference between a chartered accountant and a statutory auditor?
The chartered accountant is chosen freely by management for a contractual engagement: accounting, payroll, advice. The statutory auditor is appointed by the shareholders’ meeting to audit the accounts independently; this is a legal requirement for public limited companies (SA) and for SARLs above certain thresholds. Our article on the statutory auditor in Casablanca presents this engagement.
Can you change chartered accountant during the financial year?
Yes. The new firm takes over the accounts as of a given date, starting from the latest trial balance, the returns filed and the supporting documents for the period. This takeover date is set in the engagement letter.
How are fees set?
According to the engagement, the company’s volume of transactions and the timetable requested. They are stated in the engagement letter, after a discussion of the company’s business and organization.
