We start the audit plan with an understanding of the control environment , control activities , the management information system and its integrity , the communications framework of the organization and identification of the risks of the business , risk profiling , quantification and mitigation We collect some critical information of the client through an internal control questionnaire and do walk around assessment to see the risk appetite and temperature of the organization We lay emphasis on the data integrity approaching the audit from the substantive testing perspective . It is desirable to do compliance testing but for the risk of weak internal control system observed in many organizations we tend to go substantive Our audit on assets is physical inspection against the data in the register while aging of receivables is tested with gap analysis . ECL economic credit loss is done an account by account basis for bank audit while inventory and cash is done through physical counting for trading companies and also for FIs . Proper auditing of the closing stock balance is a priority . This must tally with the books . Bank reconciliation is checked with bank statements against ledgers while deposits and bank balances are independently circularized Prepayments are checked agasint contracts and in case of amortization , the annualization is independently computed In general , the audit will be performed following International Financial Reportimg standards – IFRS , Genrally accepted auditing practices – GAAP and International auditing standards IAS With our huge experience in compliance , we shall give free compliance advisory services to our clients to effectively engage the regulators like CBN , NDIC , FIRS etc on target examinations , risk based examination and tax audits

We are committed, with the right audit tools, resources and procedures, to deliver the highest standards of independence, professional objectivity and technical excellence in carrying out audits of financial statements, including attestations of internal control reporting. Our tax audit approach focuses on understanding the clients’ business and control issues from the inside out. It combines a rigorous risk assessment, audit testing procedures as well as a continuous assessment of our clients’ service performance. To this end , the major corners of our planning process includes a. Tax management and advisory Rendering of tax advisory services to companies on tax planning through a careful review of the company’s operational activities and installation of a tax efficient procedure. b. Company Income Tax Services Prepare and render returns to the Revenue Office on behalf of client. Obtaining notices of assessment from the Revenue, filing objections where necessary, agreeing accounts with the Revenue Office and negotiating a flexible payment term for agreed liability. Handling of all correspondences with the Tax Office on behalf of our clients. Obtaining Tax clearance certificate from the Revenue Office. c. Value Added Tax Services Registration of companies for Value Added Tax purpose. Preparation and rendering of VAT returns on behalf of our clients. VAT Planning. d. Withholding Tax We protect our client from undue exploitation by reviewing their various income subjected to tax deduction at source for test of accuracy and application of correct rates on the income. Experience have shown that a lot of income is lost to application of wrong rates which may not be discovered by the affected company due to oversight and time management necessitated by pressure of work and other exigencies. FIRM PROFILE BN 3225735 Page 8 In this circumstance, as professionals, we offer the required relief through our service and recover any excesses. We put a permanent smile on the face of our client by obtaining the receipts of such deductions for its effective tax credit purpose. e. Personal Income Tax Services In view of the emergence of a strict regime in the implementation of the provisions of Personal Income Tax Act 104 of 1993 as amended, our company has positioned itself to render an efficient and effective service to our clients in the areas of Pay-As-You-Earn (PAYE), Withholding Taxes (WHT) and other Government levies. Specific services in this area include: f. Pre-Tax audit inspection - we set out to establish the tax liability of our client prior to the arrival of the board of internal revenue staff for similar exercise. This is done with a view to advising our client on how such ascertained liability could be managed. g. Post-Tax audit review exercise-is carried out after the Tax audit team of the Board of Internal Revenue have concluded their audit and issued statutory report to reflect the status of the company as regards tax liability. This is done to ascertain the reasonability and correctness of the liability so established and where necessary contest the content of the report with a view to settle any area of disagreement. h. Installation of Tax efficient salary structure -We suggest and advice on various salary structure that can be adopted by our clients in order to take a maximum advantage of the provisions of the law without offending it. i. Sundry Paye Services. -Filing of income declaration form and processing it with the Board of Internal Revenue. -Monthly remittance of Pay-As-You-Earn and Withholding taxes. -Obtaining Personal income tax clearance certificates for employees of our clients. -Rendering of year-end returns to the BIR office as required by law

a. BANK STATEMENT RECONCILIATION Reconciliation of the bank books against the ledgers, identify gaps and advise management through exception reports b. FINANCIAL ACCOUNTING • Review of chart of accounts • Preparation of financial accounts and ensuring good book keeping • Preparation of management accounts with graphs • MPR • ALCO Report • Variance analysis • Financial Analysis • Camel Ratios • Advanced Microsoft Excel Hands-on (pivot table, Benford Analysis, Descriptive statistics, Basic Flowchart etc