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

The transition to the Nigeria Tax Act (NTA) 2025 is now in its active delivery stage. As of MAY 2026, the "grace period" of the new regime is ending, and the Nigeria Revenue Service (NRS) has begun active enforcement.
Understanding the specific windows for compliance and the penalties for missing them is new to avoiding financial sanctions. It is worth noting that NTA 2025 is not newly introduced. Compliance window or offenses instead the framework is designed to bring absolute clarity to taxpayers.

  1. Timeline of Enforcement
    The transition followed a phased "Activation" model:
    June 26, 2025: President Tinubu signed the four primary Reform Bills. The Nigeria Revenue Service Act, Nigeria Tax Administration Act, Nigeria Tax Act and Joint Revenue Board Act became legally effective on this date to allow for the structural rebranding of the
    FIRS to the NRS.
    January 1, 2026: The Commencement Date. All new tax rates (including the 0% rate for small businesses 30% for large companies and the 4% Development Levy) and administrative procedures became mandatory.
    April - June 2026: The First Filing Cycle. Companies with a December 31 year-end are currently navigating their first full filing period under the unified NTA 2025 rules.
    January 1, 2028: The sunset date for certain Free Trade Zone exemptions. After this date, entities in these zones will be fully liable for tax on sales to the customs territory.
  2. Timelines for Filing and Extensions
    The Nigeria Tax Administration Act (NTAA) 2025 has harmonized filing deadlines across the country.
    Standard Deadlines
    Company Income Tax (CIT): Must be filed within 6 months after the end of the company's accounting year.
    VAT & Withholding Tax: Returns must be submitted on or before the 21st day of the following month (for VAT) and 30th day (for WHT) of the following month.
    PAYE: Must be remitted on or before 10th day of the following month.
    Extensions
    The NRS may grant an extension for filing if a taxpayer applies before the deadline and
    provides a valid reason (e.g., system outages or serious technical difficulties).
    Note: An extension of the filing date does not automatically extend the payment date .
    You may still be required to make a "provisional payment" to avoid interest charges while the extension is active.
  3. Enforcement of the Act: “New Teeth"
    The NRS has significantly more autonomy than the previous FIRS. They are now empowered to enforce compliance through automated and digital means.
    Digital Focalization
    The NRS is deploying a "single window" digital platform. Enforcement is now largely automated:
    Automatic Flags: The system automatically flags businesses that have a turnover above
    ₦100M (tracked via bank records) but are still claiming the 0% "Small Company" tax rate.
    Technology Access: Refusing to grant the NRS access to your business's digital
    accounting systems for an audit carries a massive penalty of ₦1,000,000 for the first day
    and ₦10,000 for every day the refusal continues.
    Modern Sanctions (The "Cost of Failure")
    The 2026 penalty regime is designed to make non-compliance more expensive than the tax
    itself:
    Offense | Penalty (2026 Rates)
    Failure to Register for Tax ₦50,000 first month; ₦25,000 each subsequent month.
    Failure to File Returns ₦100,000 first month; ₦50,000 each subsequent month.
    Late Remittance of WHT Original tax + 10% penalty + Interest at CBN rate.
    False Refund Claims 100% of the amount claimed + interest.
    Obstruction of Officers ₦1,000,000 administrative penalty + potential imprisonment.
    Strategic Advice: With the ₦100,000 initial penalty for simple filing defaults, the NRS is
    signaling that "silence" is no longer an option. Even for small businesses with 0% tax
    liability, filing a "Nil Return" is the only way to prove compliance and avoid automated fine
https://youtu.be/hwkBAEHkhCc

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