Audit is the control of the overall functioning of the company. The audit process may be carried out by an internal department or a third party. They usually conducted a comprehensive and systematic audit of accounting books, registers of various transactions, etc., to ensure an accurate and correct picture of the company. This would not only help to understand the current situation of the company, but also enable management to plan the future.
It is common practice for Nigerian auditors to adopt International Standards on Auditing (ISA) issued by the International Standards on Auditing and Assurance (IAASB). Local Government legislation Supplements the Guidelines. After each quarter, the auditor must prepare and maintain Accounting books and a Company audit report. After Preparing the story, the Auditor should mention his Professional opinion whether the audit paints the exact financial picture of the Company or not.
Due to the importance of Conducting the Audit and its various other benefits, Conducting the audit is almost considered a necessary function and has resulted in a sharp increase in the number of Audit and Accounting Companies in Nigeria. If you are looking for help in auditing your Company, let us help you.
At Business Setup Worldwide, we offer the following audit services in Nigeria: