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 Tax LP
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.
Andersen Tax LP
It is therefore important that taxpayers are prepared and equipped to effectively manage the TP audit process.
There is wide debate around the impact that advances in technology in this disruptive era will have on the scope and relevance of the audit of the future.
As with any new IFRS implementation, board oversight at an early stage and on an ongoing basis is critical. In order to ensure an effective and efficient implementation process, it is imperative that the board remains engaged in this process and sets the tone for the entity.
When an asset is being sold individually, IFRS 5 applies only if it is a non-current asset. When a group of assets is being disposed of in a single transaction, the classification and presentation requirements...
Upgrading to the latest International Financial Reporting Standards (IFRS 9) is a large transformational event for all financial institutions, regardless of their size and complexity.
External Auditors of most manufacturing organisations usually scope in PPE as a risk area during their annual audit due to its materiality.
The COSO Framework was designed to help businesses establish, assess and enhance their internal control.
Akinjide & Co