AUDIT
This is an independent examination of and the expression
of an opinion on the financial statements of your company.
The assignment will be carried out in line with the Companies
and Allied Matters Act 1990 (as amended) and other relevant
statutes and/or guidelines as they affect your line of
business.
Beyond all this, it is our standard practice to draw
your organisations attention to those aspects of your
business procedures that we consider either inadequate
or excessive or outright unsuitable.
Your annual audit report, as presented by us, would afford
you multifarious benefits, which include:
genuine basis of negotiating your assessment with Inland
Revenue;
sound ground of appraising the companys financial
and operational performances over the period covered.
ACCOUNTING SERVICE
This is the maintenance of partial system of accounting
for your business where the strength of its cash position
can neither shoulder an extensive accounting system nor
a high level accounting personnel.
Under this agreement we would designate some of our staff
to monitor and keep record of your financial transactions
in a form congenial to regular examinations. This service
includes a regular stocktaking exercise where applicable.
TAX MANAGEMENT & ADVISORY
This is the incorporation of a sound tax effect into the
overall planning system of your business and negotiating
with Tax Authorities so that you carry the minimum tax
burden obtainable.
The above exercise encompasses the following:
Designing a good budgeting and planning system that
would assist you in maintaining a predictable cash flow,
in spite of tax obligations on your business;
Advising on Corporate and Personal taxes both for existing
and new businesses;
Ensuring that both the business and its owners are
absolved from all liabilities resulting from non-compliance
with relevant Nigerian Tax Regulations.
ACCOUNTING SYSTEM
This is the whole arrangement for the orderly assemblage
of accounting data and the making of appropriate analysis
for the generation of financial reports.
Based on our understanding of the nature of your business,
we would design for you a system of accounting whose significant
features would consist of the following, amongst others:
a system of coding that ensures uniformity and sequential
recording of your financial events;
a system of internal controls that guarantees reasonableness
and reliability in the day-to-day running of your affairs;
standard records, books, accounts and any form of documentation
that are considered necessary to keep tract of assets
and liabilities;
prompt and effective generation of management information
for decisions;
payroll system.
Where you desire that your system be computerized, aside
from catching the above features, we would ensure that
there exist sound back-up criteria.
In all our systems assignments we attempt that our designs
and final recommendations are as comprehensive as necessary
and are as resilient as potential growth in your operations
could be imagined in the industry.
Furthermore, a few of your accounting personnel would
be inducted on the new system.
BUSINESS PLANNING
Our Business Planning Service means an indepth investigation
into and report on the technical attainability, commercial
and financial viability of your proposed business venture.
Under this agreement, the following form an integral
part of our responsibilities and therefore the basis of
our advice on your business proposal.
an appraisal of both the existing and potential market
for the particular venture and suggestions on appropriate
strategies for achieving a fair share of the available
market;
informed determination of the initial capital requirement
and means of securing extra finance where your
available contribution is inadequate;
expansive analysis of future financial results of the
proposed venture based on our independent probing;
an overview of the special technical requirement for
the project and advise on the standard of management
considered suitable for the fruition of the proposal;
where you are involved in a special line of business,
it is our responsibility to examine relevant special guidelines
and other legislations as they affect the business.
In all our Business Planning assignments, we ensure that
you are put on a sound foundation that would afford growth
in all its spheres.
FINANCE SOURCING
This is the provision of short term and/or long term funding
for your business through the intermediation of your company.
The tenor of the finance desired by you
would be determined by the use into which such finance
will be put. The table below provides, an explicit guide
in this sense.
The details available to us on your finance needs would
enable us to structure the most beneficial tenor
In all our finance sourcing efforts, we ensure that the
matters stated below gain prominence:
that you are advised on the optimum scale of finance
necessary for a particular use;
where the sort of finance desirable for your use demand
principal repayment in addition to agreed costs, we ensure
that you take the benefit of the most flexible repayment
plan that could be obtained in the circumstance.
of overriding importance is the fact that the needed
funds will be obtained from the cheapest source possible
within a time span considered best for the purpose;
where it is considered important, we might participate
in the disbursement policy of such funds obtained for
you.
EMPLOYEE PLACEMENT
This is the search for appropriate calibre of employees
to fill up existing vacancies in your business. These
vacancies may have resulted from the withdrawals of former
hands or recent expansion in operations.
In the course of searching for requested employees, the
facts stated below form the kernel of our approach:
Our employee search procedure can either be selective
Headhunt or Open selection depending on the size of workers
required by you and the available time within which these
workers are needed;
We would review your present organization structures
to ascertain that they do not exist inherent anomalies
which could manifest in high employee turnover or in some
other form;
It is our duty to place for you employees whose background
and social bearing are ideal for your sort of business
and also to guide you on the scale of benefits commensurate
with the employees evaluation;
At the completion of our selection, we might consider
it necessary to organize an induction/training programme
for successful employees on added areas of responsibilities
as we may have advised your business.
MANPOWER DEVELOPMENT AND TRAINING
Our Manpower Development & Training service entails
designing specialized educational programmes for the improvement
of the skills and efficiency of certain categories of
your employees. It will avail them modern methods and
technique of running the affairs of the enterprise.
All MD & T programmes are essentially for middle
and top level management of your organization.
BUSINESS RE-ORGANIZATION
This is the ascertainment of the amelioration of financial
and/or managerial problems that are precluding your business
from optimal performance.
In specific terms, these problem could manifest in one
of the following:
Persistent cash flow inadequacy or excessiveness;
Over-or under-trading;
Top management job overlaps;
Discouraging commercial performance of product/service.
At the close of our assignment we would evolve re-organization
strategies that would benefit your business in one or
more of the following ways:
Better capital structure that enables you to maintain
a reasonable level of gearing appropriate to your business;
Sound working capital management policies that would
generate a most ideal cash flow positions at all times;
Improved performance indicators in cash flow ratio,
asset yield, earnings per share;
More quality stock of management personnel;
A more reliable system of accounting that ensures good
back-up for prompt and efficient decisions.
To achieve this new status for your business, we might
have to take over its affairs for agreed tenure.
SPECIAL INVESTIGATIONS
This is usually necessitated at the instance of occurrence
of fraud or irregularities in organizations and is designed
to uncover the nature, extent and circumstances that brought
its perpetration with the sole aim of proffering solutions
through internal and structural control empowerment in
order to stall future occurrence of similar organizational
malpractice and their attendant negative effects.
BUSINESS COMBINATION AND TAKEOVERS
This is the acquisition of an interest in one company
by the other. The proportion of interest involved could
be minority or otherwise.
The relevance of our advice to you or your organization
is to ensure that your limited resources involved in the
acquisition are widely used.
In all business acquisition bids, we ensure that your
interest is protected in the following areas, amongst
others:
Fair consideration for the acquisition and the structure
of this consideration;
Quality of earnings and assets of the target company;
Interest of the owners of both predators and the target
companies;
Terms of any service contracts for key personnel.
LIQUIDATION
This is the entire process for the winding up of a company
in conformity with the Companies Allied Matters Act 1990,
as the case may be.
Our responsibilities under the statute named above include:
Carrying on the business of the company so far as may
be necessary for its beneficial winding up
Paying any classes of creditors in ful;l
Making any comprise or arrangement with creditors
of persons claiming to be creditors, et cetera.
RECEIVERSHIP
According to the respective legislation mentioned earlier
a receiver manager shall be appointed if:
(a) the principal money borrowed by the company or the
interest is in arrears or
(b) the security or property of the company is in jeopardy.
These same respective laws simultaneously impose the
responsibilities stated below on us as receivers or managers.
(a) act at all times in what we believe to be the best
interest of the company as a whole so as to preserve its
assets, its business, and promote the purpose for which
it was formed, and in such manner as a faithful, diligent,
careful, and ordinary skillful manager would act in the
circumstances;
(b) in consideration whether a particular transaction
or course of action is in the best interest of the company
as a whole may have regard to the interest of the employees,
as well as the members of the company, and when appointed
by, or as a representative of a special class of members
or creditors may give special but not reclusive consideration
to the interests of that class.
Of significance is the observation that receivership
assignments are not available from us to our audit clients.
ACCOUNTS RECONCILIATION
Our reconciliation assignment has a very wide perspective
as it covers, both the private and public sector accounting.
Our services include reconciliation of bank accounts,
internal accounts, inter-branch accounts etc. This service
helps our clients to uncover any outstanding differences
in account balances between head office and branches,
organization and banks, internal accounts and physical
assets and where necessary call for timely investigation.
DEBT RECOVERY
We make use of modern techniques in debt collection to
recover bad and doubtful debts. In doing this, we take
full cognizance of the provisions of the law as well as
the peculiarities and profile of individual debts.
COMPANY SECRETARIAL SERVICES
Our duties as a company secretary include:
Attending the meetings of the company and its Board,
rendering all secretarial service in respect of the meetings
and advising on the compliance by the meetings with the
applicable rules and regulation;
Rendering proper returns and giving notification to
the Commission required under relevant legislations;
Maintaining the registers and other statutory records
required to be maintained;
Carrying out such administrative and secretarial duties
as directed by the Board of the company.
Incorporation of new companies, clubs and churches.
Registration of company expatriates quota and obtaining
resident and work permit.
OTHER SERVICES
- Capital Market Management;
- Asset/Portfolio Management;
- Development and Installation of Information Technology;
- Market Research/Consultancy;
- Assets Verification and Valuation.
- Financial Advisors
