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It is my pleasure to provide feedback on Hyphen Consultancy performance to-date on the IFRS conversion for Binzagr Co. In perspective, we had selected Hyphen and awarded them the IFRS conversion task from a choice of 5 leading contenders including big name Consultancies. However we opted for Hyphen because of their promise to head the task with their experienced consultants and close supervision and involvement of Faheem Piracha, the head of Hyphen Consultancy. While the task is spread over three phases including opening balances of 2017, then 2017 year end comparatives, and review of 2018 and the project is still ongoing, we have noted that Hyphen is delivering as promised. The team is dedicated, is collaborative and delivers beyond the content of deliverables in the signed agreement. I have no hesitation in recommending their professionalism, timing and delivery to another organization for similar services.
Premier Oil has engaged Hyphen Consultancy several times over the last three years for Partners’ audit of Operator records and the results we have gotten have always been very positive. Faheem has a take-charge attitude and subtle-yet-confident approach that resulted in him being immediately received appreciation from all quarters in Oil & Gas exploration and production industry. Hyphen has added value not only for us but for the Operator as well. Hyphen is dedicated to their clients, deliver reports within agreed timelines and even supported clients till the close out of all the findings.
We collaborated with Hyphen consultancy in 2014 and outsourced internal controls design assessment including process review, preparation of test plans and conducting walkthrough. During the three months’ assignment, hyphen consultancy resources were deputed at our office who were good in collaborating the activities within the organization and concluded the activity within project timelines. Hyphen consultancy management were also available for guiding their resource when required and were supportive in understanding our requirements and concerns.
I had the opportunity to work with Faheem on a special review assignment of SOCPA related to telecom sector. I must say that Faheem had an in depth knowledge about his work and contributed immensely towards the success of that project.
It’s been sometime working along with Hyphen Consultancy seeking their support in SOCPA IFRS Transition, Audit & Risk Consultancy and developing Resource & Audit Management solutions. Throughout this association (and continuing), Faheem Piracha (the CEO of Hyphen) and his staff have displayed great understanding, good knowledge of applicable Standards, disciplined work approach, and willingness to learn. Our recent experience working alongwith their Audit resources have been amazing. Due to reasons, we preferred them over the Big-4 firms with words of caution. However, their contribution in the successful revamping of Internal Audit function in our Group was as good as we could have expected from the Big-4 firms. Once again, their understanding, knowledge and disciplined work approach helped us to achieve this milestone. I wish Faheem and his colleagues at Hyphen all the success in the coming days, and hope that Hyphen would be viewed as a success story for young entrepreneurs in Audit, Risk & Business Advisory Services.