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In 2019, the Financial Reporting Council of Nigeria ("FRCN") revolutionised the scenery of corporate governance in Nigeria with the introduction of the Nigerian Code of Corporate Governance 2018...

In Nigeria, tax controversies could arise from several scenarios following various interactions between the taxpayer and the relevant tax authority (RTA), which could be either the Federal Inland Revenue Service (FIRS)...

The Supreme Court of Nigeria has settled a long-standing controversy in the accountancy profession regarding whether audit firms can validly sign audit reports in their corporate name, or whether only individual chartered accountants should sign such reports. This landmark decision reverses a 2010 Federal High Court ruling and has profound implications for professional accountability, disciplinary measures, and the future structure of Nigeria's accountancy profession.

The Nigeria Data Protection Act and the General Application and Implementation Directive provide a comprehensive legal framework for the protection of personal data in Nigeria. The Act applies its provisions to data controllers and processors domiciled, resident, or operating in Nigeria, with the principal exception being processing undertaken solely for personal or household purposes.

Tax audit readiness in Nigeria is really about being so organised that Nigeria Revenue Service (NRS) or State IRS (like LIRS) never catches you unprepared, even if they show up tomorrow morning at your door step. In this article, we will walk through what that looks like in practice, from the complete document checklist to how to respond to queries without panicking.

Auditing is a mandatory process carried out by a company on its financial statements in order to get an unbiased and independent audit opinion of the financial position of the company.