Assurance Services

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Assurance Services




We provide audit and a range of other assurance services designed to identify, manage and adopt to all types of risks. Our assurance services covers:

Audit

We believe in the credibility and transparency in financial reporting. Our professionals are committed to delivering reliable and independent audit reports. Fulfilling this commitment to maintain high audit quality requires vigilance in making sure our audit complies with changing regulations and the professional standards. We adopt the Nexia Agbo Abel & Co systems approach in every audit. This audit approach enables us to develop an effective and efficient audit plan that focuses our audit work on high-risk areas. It also enables us to determine client’s needs, expectations and professional service requirements so that we can prepare and execute an appropriate client service plan that will enable us to consistently exceed the expectations of the client.

IFRS Support

Nigeria has adopted International Financial Reporting Standard (IFRS). This poses significant challenge to preparers and users of financial statements. To address this challenge, Nexia Agbo Abel & Co. provides the following services

  • IFRS capacity building
  • IFRS transition support
  • IFRS accounting systems
  • IFRS software
  • IFRS advisory services

IFRS capacity building

  • Sensitization
  • Training/workshop
  • Presentation of financial statements and disclosures
  • Transition to IFRS/first-time adoption
  • Expected future developments

IFRS transition support 

  • Entity’s full scan Technical assessment of financial Reporting system.
  • Carrying out gap analysis of systems and processes,
  • Assessing impact of IFRS implementation
  • Performing risk analysis
  • Conversion from Nigerian GAAP to IFRS compliant financial statements
  • Developing industry and best practice IFRS accounting policies
  • Implementation of new accounting policies and IFRS compliant opening financial statements
  • Implementation of IFRS policies

IFRS accounting systems

  • Design of IFRS complaint business processes
  • Design of IFRS complaint accounting manuals
  • Integration of IFRS into existing accounting manual

IFRS software 

  • Installation of IFRS complaint business processes
  • Integrating IFRS into existing accounting manual packages

IFRS advisory services 

  • Providing professional advice on IFRS adoption
  • Providing professional advice on IFRS implementation strategies
  • Professional valuation of assets
  • Actuarial valuation of gratuity benefits and long service award

 

Business Valuation

Your Business Valuation is used by financial market participants to determine the price they are willing to pay or receive to effect a sale of a business. At Nexia Agbo Abel & Co, we help you set up processes and procedures to estimate the economic value of your business. We have experienced personnel who are able to help you make well informed decisions in any business sale transaction.

Controls and Systems Process Assurance (CoSPA)

In today’s business world, Information Technology (IT) and financial reporting environments are becoming increasingly complex while even greater reliance is being placed on the information produced by these systems and processes. In addition, new regulations in many countries have put a greater emphasis on internal controls and often require independent assurance of the effectiveness of internal controls.

Our CoSPA service ensures that risk of internal controls failures are reduced to the barest minimum. We pay attention to the design, documentation and operation of controls which are critical to ensuring the accuracy and timeliness of information used for financial reporting and management decision-making. Our service covers:

  • Risk assurance
  • Enterprise risk management
  • Evaluation of control activities and environment

Forensics

We provide independent, proactive and responsive services through our investigative, accounting and technology capabilities in order to help clients protect their business from fraud, misconduct and non-compliance with lay down policies. Our services include:

  • Fraud investigations
  • Financial & enterprise data analysis
  • Hidden assets investigation
  • Financial statements fraud
  • Bank charges review

Mapping and tracing of funds.

Facts & figures

About

003

member firms

100+

staff

200+

clients

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© Nexia Agbo Abel & Co. • All Right Reserved.Nexia Agbo Abel & Co. is a member firm of the “Nexia International” network. Nexia International Limited does not deliver services in its own name or otherwise. Nexia International Limited and the member firms of the Nexia International network (including those members which trade under a name which includes the word NEXIA) are not part of a worldwide partnership. Nexia International Limited does not accept any responsibility for the commission of any act, or omission to act by, or the liabilities of, any of its members. Each member firm within the Nexia International network is a separate legal entity.