FINANCIAL ACCOUNTING

For all organizations that need high quality accounting advice, we have the breadth and depth of knowledge and technical expertise to help. We provide financial accounting and accounting technical advice, support tools, guidance and training which will help to improve the quality of your financial reporting.

Potential Issues

• You have a difficult technical accounting issues that you cannot solve in – house.
• You have a small finance function and would appreciate support from financial reporting    specialists.
• You want to keep up-to-date on development in Nigeria and International financial reporting.
• The conversion to IFRS has raised the issues of staff training and the need for reliable and    comprehensive accounting guidance and training.
• You are already familiar with NASB, and now need to understand how IFRS (International    Financial Reporting Standards) compares.

How can we support you?

• Ensuring you get the right answers by providing reliable and high quality advice, guidance,    training, and support tools.
• Improving the quality of your financial reporting
• Improving the knowledge and expertise of your in-house finance function.
• Saving time by having a range of high-quality financial reporting tools and guidance at your    fingertips.
• Ensuring that your finance staff are sufficiently trained to handle a successful IFRS    conversion.

NON-FINANCIAL PERFORMANCE AND REPORTING

Whether from investors or regulators (in the form of the OFR or the Business Review) organizations are facing increasing demands for broader corporate reporting and greater transparency. This in turn poses the challenge for organization of whether it is necessary to get support externally.

We are passionate about the future of corporate reporting. Our corporate reporting team’s ongoing research project provides us with a unique understanding of information needs of senior management and the investors’ community necessary to assess the sustainability of business.

Potential Issues

• You need to respond to the requirements of the Business Review to report principal risks and    uncertainties and the key performance indicators externally.
• You want to develop the narrative content of your annual report in line with current best    practice.
• You wish to understand the benefits of becoming more transparent.
• Analyst and investors do not understand your company’s value proposition.
• You want to know how your company’s corporate reporting compares to your competitors’ or    current good practice.
• You want to develop transparent corporate reporting.
• You need to improve your management information.
• You wish to obtain assurance on quality of information.

How can we support you?

• Help management understand regulatory narrative reporting requirements and how best to    respond.
• Challenge management to develop an integrated reporting strategy that meets the needs of    both the key decision makers within the firm and principal stakeholders.
• Provide confidence in the scope and quality of internal management information and external    disclosures.

REGULATORY COMPLIANCE

For all organizations engaged in activities that come under the control of a regulator, we provide support, advice and assurance to help you manage your regulatory risks. In an ever-changing regulatory environment, we help ensure that you identify, manage and control any existing and future regulatory risks. A proactive rather than a monitoring approach to regulation is now a full time strategic business activity.

Our team consists of experienced regulatory risk specialists, including ex-regulators, who not only know the rules, but have also, implemented and assessed compliance against them. Our people can help you at the strategic level by maximizing any competitive advantages from regulation, through to the operational level by minimizing the cost and disruptions to your business, freeing up management time in the process.

Potential Issues

• You don’t know whether you are regulated, or will be regulated.
• You don’t know whether you comply with the regulator’s rules.
• You might be spending too much to comply regulations.
• There are too many regulations for you to cope with.
• You might be tying up too much regulatory capital in specific businesses.
• You need to plan for staff training in light of new compliance issues.
• You are engaged in energy trading and need advice on registering and reporting to the   Financial Services Authority.
• You are concerned about the reputational risk from failing to comply with the regulations.
• You want to confirm that your sales force is complying with the sales and marketing code of    conduct.

How can we support you?

• Minimize risk of regulatory fines or enforcement action by your regulator.
• Minimize risk of personal fines or enforcement against your executives.
• By taking a proactive approach to addressing regulation and its impact, as opposed to a    reactive fire-fighting approach.
• Maximize the competitive and strategic opportunities resulting from regulatory change.
• Reduce cost associated with regulatory compliance.
• Independent assurance and benchmarking of regulatory compliance.
• Benefit from the best practice recommendations and experience in regulatory reporting.

STATUTORY AUDIT

For organizations that require an audit for statutory or regulatory reasons connected with the filing of their annual and periodic financial information, we provide an assurance service to shareholders and management on the truth and fairness of the information and specifically address any other regulatory reporting requirements.

Our work takes into account all current and prospective auditing, accounting and reporting regulations and guidance. We tailor our service to create value for small and medium sized companies. We are also auditors to a large number of organizations.

Why you need the service

You are a regulated entity, by incorporation (Nigerian company requirement under statute) or by Act of the National Assembly or Decree setting you up.

How can we support you?

• Compliance with regulations.
• Advice on controls and processing system deficiencies and weakness.
• Confirmation of accounting treatments in respect of complex transactions.
• Increased awareness of prospective accounting and regulatory changes.
• Independent review of externally reported financial and other information.

Our statutory audit service include

• Accountants’ reports.
• Pensions audit & assurances.

FIRS READINESS AND COMPLIANCE

We work with all types of business - multinational, Nigerian companies, privately owned organizations, entrepreneurs, family business, trust, partnerships and private individuals. We meet their diverse needs by putting our clients at the hearts of everything we do and providing effective solutions that combine industry insight with technical expertise.

Our Tax services

• Tax risk & strategy.
• Corporate tax advisory.
• Tax on transactions.
• Transfer pricing.
• Corporate & International tax structuring.
• Finance & treasury.
• Indirect taxes – VAT, WHT.
• Tax investigations.
• Corporate tax compliance and outsourcing.
• Private business tax advisory.
• Personal tax advisory & compliance (PAYE)
• Human resources tax services.
• Tax valuations.

SUSTAINABILITY

For companies looking to improve their business performance and create long-term shareholder value, we help by developing sustainability strategy, performance management and reporting solutions.We assist our clients in areas of corporate governance and business ethics, environmental health and safety management, social responsibility, strategy and economics, responsible supply–chain management, and reporting and assurance of non-financial information.

Potential issues

• You need to understand your key corporate responsibility/sustainability.
• You are concerned about the impact of social, environmental or ethical issues on your brands    or overall reputation.
• You need to understand who your key stakeholders are and to develop a stakeholder    engagement programme.
• You need to develop or improve your corporate responsibility/sustainability.
• Governance structure.
• Policy framework.
• Risk management processes, including supply chains.
• Performance measurement framework and reporting systems and processes.

You need independent assurance to:

• Provide an assessment of the quality of your management system and performance data    and/or support your internal audit programme.
• Add credibility to the published information in your sustainability or corporate responsibility   report.
• You are making a new investment, or divesting part of your business, and need due diligence   work to be carried out to determine the nature and extent of any environmental/health and   safety liabilities.
• You need to develop a carbon strategy, identifying ways to reduce your direct and indirect    carbon emissions and defining your approach to carbon trading.

How can we support you?

• Helping you develop a corporate responsibility/sustainability strategy that is focused on key    issues for your business and its stakeholders and adding social, environmental and economic    value.

• Assessing sources of reputation risks and implementing measures to mitigate these risks.
• Improve understanding of how your sustainability reporting and/or performance measures up    against your own standards, your peers and best practice.
• Enhanced relationship with key stakeholders/ groups.
• Better management of corporate responsibility/sustainability risks and opportunities.
• Assurance on Capital market transaction.