The decision of the Federal High Court (FHC) in VODACOM BUSINESS NIGERIA LIMITED V. FEDERAL INLAND REVENUE SERVICE, handed down on the cusp of the New Year 2018, has understandably continued to generate a lot of controversy and angst. The FHC in that case, upheld the decision of the Tax Appeal Tribunal, making it the […]
Court Affirms Reverse Charge Mechanism In VAT: Matters Arising Read More »
As the sun gradually sets on the Voluntary Assets and Income Declaration Scheme (VAIDS/Scheme), the Minister of Finance has reiterated government’s resolve to stick to the March 31st, 2018 deadline. The Minister, who stated this at the VAIDS Stakeholders Symposium held in Kaduna State on March 1st, 2018, further added that “the federal government has
Nigeria: VAIDS: The Clock Ticks! Last Updated: 15 March 2018 Read More »
Recent changes to international standards for audit reports have improved the quality of information that’s available to investors, and had a positive impact on wider elements of financial reporting, including governance and corporate reporting, according to a new report from the Association of Chartered Certified Accountants. The ACCA report, Key audit matters: unlocking the secrets of
Audit report changes are having a positive impact Read More »
Internal auditors are getting more involved in technology initiatives like cybersecurity and data analytics, according to several new reports. One of the reports, from PricewaterhouseCoopers, found that 75 percent of companies who use internal audit technology will see a return on investment, but only 14 percent of internal audit functions are advanced in their adoption
The federal government last week ordered complete audit of Dana airline, following its recent involvement in non-fatal accidents. Senior Special Assistant on Media and publicity, to President Muhammadu Buhari, Garba Shehu, said the audit will cover the personnel and assets of the airline. About a fortnight ago, a Dana airplane overshot the runway in Port Harcourt,skidding into the
Certain moves might subject your tax return to further scrutiny. Here are some critical mistakes to avoid. As if filing taxes weren’t stressful enough, if there’s one aspect of the process that really shakes workers to their core, it’s the prospect of getting audited. Now before we go on, let’s get the following out of the way:
ABUJA- House of Representatives on Thursday mandated its Committees on Aviation and Commerce to investigate as well as carry out critical audit of all registered aircrafts flying the Nigerian airspace. The Committee would also evaluate the operational environment of the aviation sub-sector with a view to enhancing improved operational standards and convenience of users. The
Crashes: Reps to audit air-worthiness of all registered commercial planes/private jets Read More »
Service audit report is an insight of what has been done by the auditor and it shows the quality of the auditor as well as the related audit that has been performed. Making a good service audit report is something that should be done without any issue and it is for the same reason that
Internal Audit Report format is one of the most important documents that make sure that the best is provided to all the stake holders as soon as the audit ends. Internal audit report format is actually a predefined document according to which the auditor presents its findings and recommendations to the company. It is also
In Nigeria the audit reports are standardized and they are governed by the rules and regulations that have been defined by the FRC or the Financial Reporting Council of Nigeria. This institution was established in the year 2011 and since then it has made sure that all the financial documentation of companies working in Nigeria is
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