The National Information Technology Development Agency (NITDA) has granted a three-month extension to Data Controllers and Processors (organizations and entities who collect and process

On 2nd June, 2020, the Federal Inland Revenue Service ("FIRS" or "the Service") issued three Public Notices directing taxpayers on certain issues with respect to their tax compliance as well as the extension of the timeline of certain ...

The COSO Framework was designed to help businesses establish, assess and enhance their internal control.

The strategic revenue growth initiatives of the Federal Government set out its intention to increase revenue from non-oil sources.

Sustainability reporting is the disclosure and communication of Environmental, Social, and Governance (ESG) goals of an organisation...

As an accountant working in a legal firm, I have a unique perspective on the financial and legal implications of central bank policies in Nigeria and Kenya.

The importance of ensuring a conducive environment for businesses cannot be over-emphasized, given their immense contribution to the growth of the national economy.

Transfer Pricing (TP) audits are a key part of the activities of the tax authorities as audits afford them the opportunity to assess the level of taxpayers' compliance to extant TP laws and the arm's length principle.

This article, the first part of the two-publication series.

The Black's Law Dictionary defines a tax as a charge, usually monetary, imposed by the government on persons, entities, transactions, or property to yield public revenue.

In this article, we have highlighted factors to consider in preparation for a transfer pricing audit.

The players in the digital economy took the world by storm at the turn of this century. This was aided by the advent of global system for mobile telecommunication

Discover the impact of International Standards on Auditing (ISA) on Less Complex Entities (LCEs), and explore the key benefits for stakeholders.

The Transfer Pricing (TP) returns filing deadline has passed for most Nigerian Taxpayers. The Federal Inland Revenue Service (FIRS) therefore has financial information about taxpayer's Related Party Transactions...

The Nigeria Data Protection Commission (NDPC) recently issued a Guidance Notice (the"Notice") on the filing of data protection Compliance Audit Returns (CARs) ahead of the next cycle for the filing of CARs in 2024.

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...

Auditing fair value measurements can be daunting due to the high level of uncertainty involved.

Data Protection Audit is a systematic examination carried out in order to ascertain whether an organization's processing of personal data is compliant with data protection laws applicable to the data processed.

Data has emerged and has grown popular with its description as the NEW OIL, with particular efforts made to safeguard its use and protection in society. However, Nigeria is not behind in this trend with the release of the...

The Federal Inland Revenue Service (FIRS) has released guidelines to provide clarity regarding the nature and extent of inquiries related to desk examinations, tax audits, tax investigation...