Audit Services

Home Audit Services

  • Audit Assurance

We are committed to delivering high quality audit services designed to deliver real value and meet investor’s expectation which begins with completeness, accuracy and fair presentation of information in your financial statements and disclosures.
We approach your audit with a deep and broad understanding of your business, the industry in which you operate, and the latest regulatory standards.Because we work as a team on-site and off-site we share views and ideas, this has helped in building a formidable team of experts with wide range of experience able to proffer solutions to the most complex audit issues. Our clients are happy with our prompt and professional advices and responses to issues arising during audit.

The quality of our audit services is supported with our technology tool which has aided our personnel in working smarter resulting in quality audit time being saved. Our audit process is automated, with our tool producing audit documentations as required by International Standards on Audit. Our workflows are customized to specific industry allowing us to focus on industry specific requirements related to our client’s business.
Our audit documentations and files are prepared with practice review consciousness, this has been made possible with our advanced and secure technology tools. We take conscious steps to ensure that conflict of interest are well managed. Our client-Audit feedback process allows us to solicit feedback from our client on the overall quality of our audit services.

Click here to read about Our Audit Methodology

  • Financial reporting review

The objective of our review engagement is to enable us to state whether, on the basis of procedures which do not provide all the evidence that would be required in an audit, anything has come to our attention that causes us to believe that the financial statements are not prepared, in all material respects, in accordance with an applicable financial reporting framework. 

  • Agreed upon procedures

Our procedures, unlike others we believe not a single cap can fit all heads.That is why we employ variety of mean to different ends. Our procedures are design to suit different industrial needs. Since our clients are going to be from various sector of the economy, we design our procedures with different module for different client.
Our client engage us to carry out those procedures of an audit nature to which we and the entity and any appropriate third parties have agreed and to report on factual findings. The recipients of the report form their own conclusions from the report by the auditor.  
The report is restricted to those parties that have agreed to the procedures to be performed since others, unaware of the reasons for the procedures may misinterpret the results.

Audit Services

Under the Nigeria Tax Administration Act (NTAA) 2025, the government has introduced Mandatory Disclosure Rules (MDR). That marks a shift from a "reactive" system, where the tax authority finds schemes during audits, to a "proactive" system, where you must tell them about your tax planning upfront.
As of 2026, the Nigeria Revenue Service (NRS) and state authorities like the LIRS have issued specific guidelines on how and when these disclosures must happen.
1. What Must Be Disclosed?
You are required to disclose any Tax Planning Arrangement that has the primary purpose of obtaining a tax advantage. This includes:
Artificial Transactions: This are Schemes that lack "economic substance" (i.e., they only exist on paper to reduce tax).
Exploiting Loopholes: This is a process of Using technical defects in the law to shift profits or avoid liabilities.
Income Shifting: This involves Moving profits to related parties or offshore jurisdictions in a non-arm's-length manner.
Deferrals: This is an Arrangements designed primarily to delay the payment of tax to a much later period.
2. Who is Responsible for Disclosure?
The duty to disclose is "standalone," meaning multiple parties may be held liable:
The Taxpayer: The individual or company benefiting from the scheme.
The Promoters: Consultants, accountants, or lawyers who designed or "sold" the tax planning structure.
3. The 30-Day Rule (Timeline)
Disclosure is not an "end-of-year" activity. You must report on the arrangement within 30 days of the earliest of these events:

  1. The date of the arrangement is implemented.
  2. The date the taxpayer becomes aware of the arrangement.
  3. The date of any legal document related to the transaction is signed.
    1. Safe Harbors (What Doesn’t Need Disclosure)
      The law does not ban all tax planning. You generally do not need to disclose:
      Statutory Reliefs: Claims for capital allowances, pioneer status, or exemptions explicitly written in the law (e.g., the 0% rate for small businesses).
      Genuine Commercial Deals: Routine business transactions that have a real commercial purpose and follow "arm's length" pricing.
      Internal Reorganizations: Changing your business structure for efficiency with no change in who owns the assets.
    2. Penalties for non-disclosure
      The 2026 enforcement regime treats "secrecy" as a serious offense that If the NRS discovers a scheme that was not disclosed:
      Category Penalty / Consequence Administrative Fine Up to ₦1,000,000 for the failure to report.
      Notice Default ₦1,000,000 for the first day of failing to provide info + ₦10,000 per day.
      Criminal Sanction On conviction, imprisonment for up to 3 years or a heavy fine, or both.
      Professional Risk Intermediaries (Accountants/Lawyers) may be reported to their professional bodies (e.g., ICAN, CITN, NBA) for sanctions.
      Assessment The NRS will disregard the scheme, raise an additional tax assessment, and add interest at the CBN rate.
      Summary for Professionals
      If you are managing tax for a company, the era of "hidden" tax efficiency is over. The system is moving toward transparency by design.
      Documentation is key: If you enter a complex structure, you must have a "Tax Position File" ready to explain the commercial (non-tax) reason for the transaction.
      Self-Correction: If you realize a scheme wasn't disclosed, it is better to voluntarily disclose it before the NRS triggers a Tax Investigation, which is much more aggressive than a standard audit.
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