As a public accounting firm, the major part of our practice lies in the audit and accounting field, the principal service being the independent audit, when we examine a company’s financial statements.
We can act as statutory auditors, reporting whether the financial statements comply with Nigeria legal requirements, or as reporting accountants to the actual or would-be investors. As reporting accountants, we may be requested to perform “full scope” examinations or to adapt our scope in line with more limited reporting objectives.
Special purposes reports, such as those necessary to facilitate an acquisition or those relating to examinations of specific aspects of financial statements, represent a significant portion of our practice. We also perform a number of other services such as training programmes and the development of internal audit, various forms of due diligence and so on.
Because our audit work involves us in the review of our client’s accounting systems and procedures, it is our normal practice to inform management of any improvements we feel could be made for the safeguard and control of assets to strengthen the client’s internal control and accounting procedures and to improve profitability and efficiency.
In all our work, we employ the highest level of standards, laying particular emphasis on technical training and proficiency, independence and excellence of professional performance. As appropriate to each individual engagement, we employ the standards and procedures prescribed by Nigerian and leading international accountancy bodies. Our executives and staff are active members of these professional organisations.
Accounting is a vital function of any organisation. Accounting books and records must be sufficient to disclose with accuracy, the financial position of the company at a particular time.
The basic need of a system is that it provide for the orderly gathering or collation of accounting information to enable the financial statement to be prepared. A functional accounting system will enhance a smooth running of an organisation’s operations.