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  An important in the internal auditor's toolbox, risk-based auditing effectively serves the three primary roles of internal auditing — to provide feedback on the adequacy of internal control, to provide a source of information for monitoring risk, and to provide identification and communication ... Read More
  The world has learned the hard way over the past year that most companies have done a bad job of managing risk. And not only banks and investment firms. Accenture’s Global Risk Management Study  found that executives at business enterprises across a wide range of industries believe overwhelmingly that they ... Read More
  External Auditors: An Ally or Opponent? Unfortunately, the finance departments of many companies mistakenly believe that having an external audit annually is part of their internal control structure they can rely on to ensure their financial statements are accurate and their internal controls are sound.   While the objective of an external audit ... Read More
Professional financial advisors have years of training, tools, and experience working with many different clients and situations. Because of their broad experience, professional advisors can quickly assess your needs and offer advice that reflects the best practices of the financial industry and is appropriate for your particular needs. In addition, and ... Read More
The Financial Reporting Council of Nigeria (FRCN) has said the convergence to the International Financial Reporting Standards (IFRS) by Nigeria will promote corporate governance in the country. This, according to the Council, will also enhance foreign direct investments and national economic growth. Chairman, Governing Board of the FRCN, Mrs. Maryam Ladi Ibrahim ... Read More
In 2002, the President of United States passed into law the Sarbanes-Oxley Act of 2002 addressing corporate accountability. A response to the financial scandals that undermined citizens’ confidence in U.S. business and perhaps most important, though, it puts the accounting industry under tightened federal oversight. It creates a regulatory board—with ... Read More
https://www.youtube.com/watch?v=Cb8TGKaEf8o Associate Director, Adeola Adesanya Opens the IFRS Jamboree 2014 event with an insight into IFRS In Nigeria.
PML an advisory services provider with seasoned and experienced professionals with years of hands-on engagements in financial advisory, auditing, risk management & accounting services, held a one day IFRS jamboree for professionals in accounting, auditing and finance industry on Wednesday 22nd October 2014 at the LCCI conference center Alausa ... Read More
As part of our corporate social responsibility, we are hosting the free IFRS Jamboree for Accountants, Auditors and all Finance Managers This event is free but pre-registration is required. REGISTER HERE NOW!!! Registration ends on 20th, OCtober 2014. It is absolutely free....
http://www.youtube.com/watch?v=nlezdT5aJts The weekend is here again plus the Eid Mubarak celebration!!! Click to watch our weekend video HERE...TGIF

Seven Steps To An Effective Risk Based Audit

Nigeria Tax Act — For years, Nigeria's tax obligations
were scattered across multiple laws — Companies Income
Tax, Personal Income Tax, VAT, Capital Gains Tax, Stamp
Duties, and more. The Nigeria Tax Act sweeps all of that
into one unified tax code. Less confusion, one reference
point, and a much simpler system for taxpayers and
administrators alike.
Nigeria Tax Administrative Act — This one is about
consistency. In the past, tax administration could vary
depending on which authority you were dealing with. This
Act standardises how taxes are administered across the
board — same rules, same processes, regardless of the
tax type. It protects taxpayers from arbitrary treatment and
makes the entire system more predictable.
Nigeria Revenue Service Act — This Act replaced the
Federal Inland Revenue Service (FIRS) with a new body
— the Nigeria Revenue Service (NRS). It is not just a
name change. The NRS comes with a redefined mandate,
updated governance structure, and a broader scope that
reflects the scale of tax reform the country is undertaking.
Joint Revenue Board Act — One of the persistent
headaches in Nigeria's tax system has been the lack of
coordination between federal, state, and local tax
authorities. The Joint Revenue Board Act creates a
statutory body to fix that — bringing all three tiers to the
same table to foster cooperation, reduce duplication, and
deliver a more cohesive experience for taxpayers across
the country.
The main focus of the Nigeria's New Tax law is simplicity,
progressive, consolidated, and pro-poor.
Contact us on +2348035353068 if you require more
information.

https://youtu.be/ORx5U01aQt0

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