SAGE Africa

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SAGE Africa Partner

SAGE Africa a global company

SAGE is a global company with more than 6 million customers, over 13,400 employees and more than 25 years of experience working with small and medium sized businesses. Despite the global reach, the Company have built success on understanding and meeting the needs of customers in the local markets. Therefore the majority of their products and services are developed and supported locally. This ensures SAGE provides a choice of high quality products and services which are relevant to our customers, use the most appropriate technology and are supported by local experts.

Sage Africa provides business software, services and support to small and medium sized businesses. The Company is in the small business market but also have the experience and expertise to meet the needs of specific industries and larger organisations.

SAGE Africa is the developer and provider of SAGE Accounting Software and ERP, HR and payroll management software for businesses in Africa. The Company operates in 35 African countries. The software is used by more than 55 000 companies on the continent.

SAGE Africa is a renowned expert in HR and payroll management and accounting software. SAGE Africa has been developing software for more than 28 years. SAGE Africa has solutions to meet the requirements of all businesses from small to big.

SAGE Africa has extensive partner network and client support system that offers expert advice and support on legislation, accounting and HR solutions. Whether you are just starting a business, or your organisation employs more than 2,000 workers, SAGE Africa has accounting, HR and payroll solutions to support the growth and complexity of your business.

PML Advisory – SAGE Africa Partner

Through our relationship with SAGE as a partner, PML Advisory Limited can assist you with installation, training, on-site deployment and support for deployment of accounting software for your organisation. Our high professional skills, understanding of accounting, payroll and HR enable us to provide your business with relevant and practical solutions to meet their accounting, HR and payroll needs.

Learn more about our various SAGE products or contact us for demo or call +234 803 849 9321

SAGE Africa

Enhancing the Reliability of Financial Reporting

Internal Control over Financial Reporting (ICFR) is a fundamental component of sound corporate governance for Public Interest Entities (PIEs). It provides reasonable assurance that financial transactions are accurately recorded, authorized, and reported in accordance with applicable accounting standards and regulatory requirements. By embedding effective preventive and detective controls throughout financial processes, ICFR strengthens the integrity, completeness, and accuracy of financial statements, thereby reducing the risk of material misstatements arising from error or fraud.

Driving Investor Confidence and Stakeholder Trust

Reliable financial reporting is critical to maintaining the confidence of investors, regulators, creditors, and other stakeholders. An effective ICFR framework demonstrates management's commitment to transparency, accountability, and financial discipline. This enhances the credibility of published financial information, supports informed decision-making by capital market participants, and reinforces the reputation of PIEs as responsible stewards of public and shareholder resources

Mitigating Regulatory and Compliance Risk

Given the heightened regulatory oversight applicable to Public Interest Entities, robust ICFR plays a vital role in ensuring compliance with financial reporting obligations and governance requirements. Well-designed and effectively operating controls enable organizations to identify and address deficiencies proactively, reduce the likelihood of regulatory breaches, financial penalties, and reputational damage, and support timely remediation where control weaknesses are identified. Ultimately, a strong ICFR framework promotes operational resilience, strengthens governance, and contributes to the long-term sustainability of the organization.

Navigating Nigeria's ICFR Requirements

The Financial Reporting Council (FRC) of Nigeria issued the Guidance on Management Report on Internal Control over Financial Reporting (ICFR) in November 2022, pursuant to Section 7(2)(f) of the Financial Reporting Council of Nigeria Act, 2011 (as amended). The Guidance introduced mandatory annual management assessment and reporting on the effectiveness of Internal Control over Financial Reporting for Public Interest Entities (PIEs), with independent auditor attestation.

CategoryMandatory ICFR Reporting Timeline
Public CompaniesEffective for annual reports beginning 31 December 2023
Other Public Interest Entities (Private PIEs)Effective for annual reports ending on or after 31 December 2024
Government/Public Sector AgenciesOriginally effective for 31 December 2024, with a one-year waiver granted by the FRC. Mandatory submission now applies to 2025 audited financial statements filed in 2026.

How PML Professional Services Supports Your Organization

PML Professional Services provides end-to-end ICFR advisory, implementation, and review services designed to help Public Interest Entities achieve sustainable compliance while strengthening financial governance. Leveraging deep expertise in governance, risk management, internal controls, and financial reporting, our team works collaboratively with management to build an efficient and risk-based ICFR framework aligned with regulatory expectations and internationally recognized leading practices.

Our ICFR service offerings include:

At PML Professional Services, we recognize that ICFR compliance extends beyond meeting regulatory requirements, it is an opportunity to strengthen governance, enhance operational discipline, improve investor confidence, and establish a resilient financial reporting environment capable of supporting long-term organizational growth.

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