Scope of Services
The Firm Provides services in the following areas:
Statutory Audits
Giving audit opinion as External Auditors on financial statements of companies, government corporations and parastatals in accordance with the Companies and Allied Matters Act, 1990.
In carrying out our statutory audit functions, we use the opportunity afforded us to identify internal control weaknesses and proffer suggestions as to how management of the organizations concerned can perform better and improve their businesses generally. This dynamic approach to audit is one of our cardinal principles.
Financial, Management, Operational and Value For Money Audits
We carry out Financial, Management, Operational and Value For Money (VFM) audits by reviewing organizations’ systems, procedures and performance, to ensure economy, efficiency and effectiveness in the use of organizational resources and also ensure compliance with the requirements of the law, and meting the expectations of financiers and other stake holders.
Our Managing Partner and Senior Partner have participated in various financial, operational and Value For Money Audits of Multi-million Joint Venture companies/projects particularly in the upstream and downstream sectors of the petroleum industry with both offshore and onshore financing contents encompassing funding and disbursement reconciliations, value analysis, inventories and overheads evaluation and management controls.
Training and Human Resource Capacity Building Services
We provide specialized training on Oil and Gas Accounting legislation, Auditing and Fiscal systems for staff of entities in the Oil and Gas Sector including the Office of Auditor General For the Federation and the Nigerian Extractive Industries Transparency Initiative, The World Bank, amongst others.
Bookkeeping and Internal Audit Outsourcing Services
Our outsourcing service allows our clients to draw on our range of experts with total flexibility. Under this package, we offer our valued clients Booking and accounting services as well as Internal auditing support respectively. These services enable the clients to obtain expert advice and services without engaging on full time basis, the services of an experienced and skillful chartered accountant.
Feasibility Studies/Business Plans
We undertake feasibility studies and prepare Business Plans to guide our clients in strategic business decisions, particularly in the area of new venture initiatives.
Corporate Management and Business Process Reviews
In the area of corporate management we carry out business process reviews and help to restructure poorly managed but viable companies and take over the running of such businesses until they achieve full turn around.
Taxation Services
Preparation of tax computations for both companies and individuals; filing and agreeing the computations with the Inland Revenue and obtaining tax clearance certificate accordingly. We also assist our clients in tax planning, registration and liaising with the Federal/state Boards of Inland Revenue on tax issues, including Company Income Tax; the Value Added Tax (VAT); Withholding Tax; Pay as You Earn (PAYE) tax etc, as the client deems necessary.
In addition to the above tax services, we assist our clients to process and obtain Pioneer status and Pioneer Certificates (for qualified companies) and also Acceptance Certificate, which is a requirement for the grant of Capital Allowances on fixed assets acquired for the operations of the business.
Design of Accounting Systems and procedures and Manuals
We design and install accounting systems and procedures (both manual and computerized). We also train the accounting staff to run the systems. Through this arm, we also provide Human resources Development Services including staff recruitment and training and corporate secretarial services.