Adams & Adams
Earlier this year, the Registrar-General's Department (RGD) undertook a major system upgrade and audit of Industrial Property (IP) matters.
Business entities have many objectives, including making a profit and, to a large extent, maximising stakeholders' interests. Business risks such as a harsh business environment,...
Sustainability reporting is the disclosure and communication of Environmental, Social, and Governance (ESG) goals of an organisation...
Revenue from sales activities serves as one of the essential sources of a business working capital; therefore, the company is required to manage its accounts receivable arising from credit sales effectively.
More than ever before, financial statement users are relying on the judgement and opinion of auditors to make calculated decisions.
This article aims to change the public's perception of the value of the external auditing exercise significantly, how the audit methodologies provide more value-added benefits to businesses...
Many organisations have had to embrace virtual working thereby reducing access or completely shutting down their offices due to the enforced COVID-19 lockdowns.
On 30 June 2020, an Inter-Ministerial Committee for the Audit and Recovery of Back-Years Stamp Duties (the committee) was inaugurated and the Federal Inland Revenue Service (FIRS)...
LeLaw Barristers & Solicitors
Auditing is a mandatory process carried out by a company on its financial statements in order to get an unbiased and independent audit opinion of the financial position of the company.
Andersen in Nigeria
On 27 February 2020, the National Information Technology Development Agency (NITDA) notified all Data Protection Compliance Organisations (DPCOs) that Data Controllers, Data Processors and...
Taxaide Professional Services Ltd
The recent revenue drive arising from fall in oil prices and the need to diversify Nigeria's revenue away from oil to non-oil sources, such as taxation, has led to increase in the frequency of tax audits and investigations ...
Banwo & Ighodalo
On July 24, 2014, the International Accounting Standard Board ("IASB") launched the International Financial Reporting Standard 9 ("IFRS 9")
The Federal Inland Revenue Service (‘FIRS'), recently introduced new measures to improve the experience of taxpayers during tax audits.
The Federal Inland Revenue Service (FIRS), on 30 April 2019, notified the public that it has introduced new measures to simplify and ease tax audit experience for all taxpayers.
From the first week of December 2020, employers who received benefits from the COVID-19 Temporary Employer-Employee Relief Scheme ("TERS") can expect a knock on their doors from...
United Arab Emirates
The Sovereign Group
An audit is an independent examination of the financial report of an entity – including balance sheet, income, equity and cash flow – to form a view on whether the information presents a true and...
The preparation of financial statements in accordance with International Financial Reporting Standards (IFRS) is challenging
Over the past eight months I've been working with insurers in the Middle East on their IFRS 17 implementation projects and I have also been lucky enough to embark on a new career opportunity having now relocated to Dubai ...
On February 26, 2021, the President approved the Law of the Republic of Uzbekistan "On Auditing" (hereinafter – the "Law").
The Senate of the Oliy Majlis of the Republic of Uzbekistan discussed and approved a new edition of the Law "On audit activity" (hereinafter – the "Law in a new edition")