In this article, we discuss the provisions of the tax laws as they pertain to the administrative powers of the FIRS and the compliance requirements of taxpayers registered as a Business name with the Corporate Affairs Commission (CAC).

Exploring the intricate link between technology and audit, this article investigates how this evolution is poised to reshape financial practices.

Internal controls have become a key business area for all organisations to maintain the risks facing the company within the defined risk tolerance levels.

In this article, we discussed the salient compliance requirements of the Code and how FCs in Nigeria can put appropriate systems in place to ensure compliance.

Discover the transformative power of effective record-keeping and explore practical solutions to overcome the challenges faced by SMEs.

Agility is an organization's ability to create value and continuously satisfy the end customer, while adapting to changes in its environment.

The Federal Government of Nigeria ("FGN") has in the last two fiscal years reiterated and demonstrated its commitment to improve the ease of doing business by ensuring that the tax and fiscal laws are reviewed to reflect current economic realities.

More than ever before, financial statement users are relying on the judgement and opinion of auditors to make calculated decisions.

In this article, our focus will be on the significant changes being proposed to other extant tax and fiscal legislations.

Nigeria has seen a significant rise in cyberattacks in recent years, targeting individuals, businesses, and government institutions. These attacks take several forms such as financial fraud, phishing scams.

In this article, we have discussed the accounting recognition and measurement requirements for Rights-of-Use asset and the related lease liability as well as the current and deferred tax considerations for the lessee.

The Nigerian tax landscape is undergoing significant transformation with the introduction of four new tax bills, namely Nigeria Tax Bill (NTB)...

This article examines these conditions and evaluates the implication of the Finance Act 2019 and SEP Order on NRCs in Nigeria

In the early part of this decade, the global landscape was revolutionized by the COVID-19 pandemic which led to a change in companies' business strategy. The pandemic forced the organizations to switch to remote work.

In Nigeria's dynamic financial landscape, the recapitalisation of the banking sector has opened new opportunities for growth. This article delves into the critical role financial advisors...

Business entities have many objectives, including making a profit and, to a large extent, maximising stakeholders' interests. Business risks such as a harsh business environment,...

Understanding the Significance of Internal Control Over Financial Reporting (ICFR) for Public Interest Entities (PIEs) can instill a sense of responsibility and urgency. As the compliance...

In this article, we will examine the FIRS e-Tax platform and its legal basis as well as review the progress recorded so far.

The General Data Protection Regulation in the EU and the Nigeria Data Privacy Regulation are examples of regulations that have been implemented to increase the protection of personal data.

In Nigeria, the mechanics of Value Added Tax (VAT) on goods is that the tax is charged at every stage of the supply chain, thereby creating the possibility of multiple incidences of VAT.