Service Lebanon – Lucent-Intl

welcome to Lucent

Our Services

OUR SERVICES

“We provide audit, tax, actuarial, advisory, consulting, and bookkeeping services to support sustainable business growth.”

AUDIT

Our independent audit of financial statements enhances trust among investors, creditors, government entities, and stakeholders.

AUDIT SUPPORT

We assist clients through each phase of their audit to streamline processes and ensure accuracy.

TAX SUPPORT

We help Lebanese organizations meet their tax obligations accurately and on time, navigating the local tax rules and regulatory environment.

Actuarial Services

Our actuarial team adheres to IFRS and conducts studies per IAS 19 (Employee Benefits) to ensure precise computation of end-of-service benefits (EOSB) and long-term liabilities.

Financial Accounting Advisory Services

We support companies in Lebanon with IFRS compliance and ongoing accounting guidance.

Management Consulting Services

Lucent Lebanon delivers strategic and operational consulting to help organizations improve performance and adapt to change.

Bookkeeping Services

We manage and document financial transactions with accuracy and consistency, ensuring clean and audit-ready records.

Other Services

We offer additional services tailored to Lebanon’s business environment and regulatory needs.

AUDIT

Our independent audit of financial statements enhances trust among investors, creditors, government entities, and stakeholders. We adopt a risk-based auditing approach based on International Standards on Auditing (ISAs), ensuring audit quality, transparency, and local compliance.

Risk-Based Methodology — Applying ISAs and identifying key audit risks.

Internal Control Review — Evaluating control systems to improve governance.

Sector Knowledge Leverage — Utilizing Lebanon-specific industry expertise.

Effective Client Communication — Keeping clients informed clearly throughout.

AUDIT SUPPORT

We assist clients through each phase of their audit to streamline processes and ensure accuracy.

Trial Balance Organization — Organizing accounts and drafting financial statements.

Sampling & Testing Execution — Conducting sampling for audit test procedures.

Audit Tech Assistance — Helping with audit software file uploads and management.

Final Statement Review — Verifying draft statements for fair presentation.

Detailed Examination Process — Thorough review of audit files and records.

TAX SUPPORT

A. Tax Compliance Support

We help Lebanese organizations meet their tax obligations accurately and on time, navigating the local tax rules and regulatory environment.

Return Filing Services — Preparing VAT, withholding, and other tax return submissions.

Provisions & Deferred Calculations — Estimating tax provisions and deferred taxes.

Authority Correspondence Monitoring — Reviewing notices and updates from tax authorities.

Audit Inspection Prep — Assembling documents and templates for tax audits.

Regulatory Deadline Assurance — Ensuring all filings comply with Lebanon’s timelines.

B. Tax Advisory Support

We provide strategic advisory to help clients optimize tax outcomes under Lebanese law and relevant international frameworks.

Transaction Impact Analysis — Advising on tax implications of domestic & cross-border transactions.

Local Law Compliance — Interpreting Lebanese tax legislation and incentives.

VAT & Withholding Expertise — Guidance on VAT, withholding tax, and related regulations.

Industry-Focused Strategy — Custom tax advice for sectors like trade, finance, or manufacturing.

Regional Tax Competence — Ensuring compatibility with GCC and global tax practices.

Actuarial Services

Our actuarial team adheres to IFRS and conducts studies per IAS 19 (Employee Benefits) to ensure precise computation of end-of-service benefits (EOSB) and long-term liabilities.

EOSB Valuation Reports — Accurate valuation for financial reporting.

Employee Liabilities Review — Assessing benefit obligations under local and global standards.

Standards-Based Reporting — Ensuring compliance and transparency in actuarial disclosures.

Financial Accounting Advisory Services

We support companies in Lebanon with IFRS compliance and ongoing accounting guidance.

IFRS Transition Support — Assisting in conversion or alignment with IFRS systems.

Complex Issue Resolution — Handling difficult accounting and reporting challenges.

Financial Disclosure Improvement — Enhancing clarity, accuracy, and stakeholder trust.

Management Consulting Services

Lucent Lebanon delivers strategic and operational consulting to help organizations improve performance and adapt to change.

Consulting services structured into:

Assessment:

Current State Review — Evaluating existing finance, budgeting, and operational practices.

Requirements Identification — Defining gaps and priorities for business improvement.

Implementation and Operational Support:

Training & Capability Building — Hands-on training and skill transfer for teams.

Budget vs Actual Monitoring — Tracking financial performance and variances.

Asset Management & Tagging — Fixed asset counting, tagging, and register maintenance.

Statement & Bookkeeping Support — Assisting with financial statements and bookkeeping tasks.

Planning and Development

Develop a Target operating model for finance, budgeting, and procurement, which includes:

– Determine the strategic objectives of the department.
– Organizational structure and job descriptions.
– Service delivery model.
– Internal and external interactions.
– Service level agreements.
– Key performance indicators.

Develop key performance indicators for finance, budgeting, and procurement.

Develop a financial reporting framework that supports the decision-making process.

Develop a delegation of authority matrix.

Develop implementation roadmap.

Developing finance, budgeting, and procurement policies and processes manual

Develop organizational structure and job descriptions for the finance department, as well as budgeting, financial planning, and procurement departments.

Developing training programs.

Define Employee roles and responsibilities in accordance with the approved organizational structure.

Developing mid-term financial planning methodology.

Developing budget templates based on key assumptions and cost drivers to enhance financial accuracy.

Developing budget reports and interactive dashboards to assist decision-makers and taking corrective action.

Bookkeeping Services

We manage and document financial transactions with accuracy and consistency, ensuring clean and audit-ready records.

Daily Transaction Logging — Capturing financial entries every day.

Trial Balance Preparation — Monthly and yearly preparation of trial balances.

Adjustment Entries Processing — Posting and reconciling adjustments.

Audit-Ready Statement Drafting — Producing statements prepared for audit or review.

Other Services

We offer additional services tailored to Lebanon’s business environment and regulatory needs.

Feasibility Studies — Conducting investment and project feasibility analyses.

Internal Audit Assistance — On-site or remote support for internal auditing.

Payroll & HR Advisory — Payroll management and HR advisory for compliance and operational efficiency.

Get in touch with us for more information

Lucent was founded with ambitious goal of setting high quality standards providing end-to-end professional services to its clients.
We have established and refined our working methods internal procedures using the technological competence and knowledge of our professionally educated consultants to reach our aim of offering the most complete and efficient service for our clients’ demands.

Information

Contact us

Beirut –Lebanon -Waterfront Dbaye
Block 3 -Office No.109

(021) 231 – 2826

info@lucent-intl.com

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