Industries
Audit firm in Kenya for manufacturers & traders
Partner-led audit, tax and accounting for manufacturers, importers, exporters and distributors, from our offices in Nairobi and Mombasa.
Adamjee Auditors is an audit firm in Kenya working with manufacturers, importers, exporters and distributors, from offices in Nairobi's Westlands and in Mombasa.
In these businesses the figures that matter most sit in the warehouse and on the factory floor. Inventory is often one of the largest assets on the balance sheet, and the way it is counted and valued flows straight into cost of sales, gross profit and tax. Add capital-intensive plant, imported inputs cleared through customs and, for some, related parties abroad, and the audit, tax and accounting questions become specific to the sector.
We carry out statutory and internal audits to ISA and IFRS, prepare and file corporate tax, VAT, PAYE and withholding returns, keep books and management accounts, and run payroll. Members of our team bring experience across manufacturing, FMCG, logistics and retail, and as a member firm of SFAI Global, a network in 115+ countries, we can support groups that trade across borders.
Sector challenges
Where manufacturers and traders need closest attention
Inventory that stands up at year end
IAS 2 requires inventory at the lower of cost and net realisable value, with import duties, transport, handling, production labour and manufacturing overheads included in cost. The cost formula, such as FIFO or weighted average, has to be applied consistently, and small valuation errors can misstate profit and tax.
Production costing
Manufacturers need to track direct materials, labour allocation, overhead absorption rates and cost per unit. Weak cost accounting leads to incorrect pricing decisions, while inventory shrinkage, waste and scrap, and production inefficiencies are risks particular to the factory floor.
Capital spend and tax allowances
Investment deductions, industrial building allowances and wear and tear allowances reward investment in plant, but misclassified assets frequently trigger KRA adjustments. IFRS depreciation and tax capital allowances also differ, which creates timing differences and deferred tax to track.
Imports, customs and eTIMS
Clearing goods means accounting for import duty, the Import Declaration Fee, the Railway Development Levy and VAT, where wrong tariff classification can mean overpayment or fines. Since 1 January 2026, expenses not supported by valid eTIMS invoices may be disallowed during tax assessments.
How we help
Services for manufacturers and traders
Statutory and internal audit
Statutory and external audits that end in a clear opinion on your financial statements, and internal audits of controls, risk and processes for management, under a risk-based methodology aligned to ISA and IFRS.
Tax compliance and transfer pricing
Corporate tax, VAT, PAYE and withholding returns filed with KRA, eTIMS registration and integration, tax health checks, and cross-border advice on transfer pricing and double tax treaties.
Accounting and bookkeeping
Day-to-day bookkeeping and reconciliations, management accounts against budget, and IFRS-compliant annual financial statements ready for audit, lenders and regulatory submission.
Payroll
Monthly payroll for factory, warehouse and office staff, with PAYE, NSSF, SHIF and Housing Levy deducted and filed on time, plus annual returns.
CFO and business advisory
Part-time or interim financial leadership, cashflow forecasting, board reporting, process improvement and risk management for owners, directors and boards.
Group and consolidated reporting
Consolidated financial statements for groups with several subsidiaries, with intercompany transactions eliminated and uniform accounting policies applied.
Further reading
From our articles
Choosing an audit firm for a manufacturing business
What sets a manufacturing audit apart, from cost accounting and inventory testing to factory-level controls.
Inventory valuation in Kenya: FIFO, weighted average and IAS 2
Which costs belong in inventory, how the cost formulas compare and why consistency matters.
The manufacturers' tax shield: investment deductions for expansion
Investment deductions, industrial building and wear and tear allowances, and the eTIMS evidence behind them.
Import duties and customs: clearing goods at Mombasa Port
Import duty, IDF, RDL and VAT on imports, and the records behind bonded warehousing.
Export Processing Zones: a tax guide for manufacturers
EPZ incentives, registration and the reporting needed to keep them.
Transfer pricing in Kenya: a compliance guide
Arm's length pricing, accepted methods and the documentation KRA expects for related-party trade.
Common questions
Manufacturing and trade questions, answered
Get in touch
Planning your next year-end?
Speak to our audit and tax team in Nairobi or Mombasa about your audit, stock count, capital allowances or import records. Tell us what you need and our team will respond promptly.
Our team will respond promptly.
