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Audit & Assurance Services

Tolulope Fasanya

Partner, Audit & Assurance Services

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

  • Audit and assurance
  • IFRS Support
  • Business Valuation
  • Forensics
  • Control and Systems Process Assurance

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 maintaining high audit quality requires vigilance in making sure our audit complies with changing regulations and professional standards.

We adopt the Nexia 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 our client.

Nigeria has adopted International Financial Reporting Standards (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

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, we help you set up processes and procedures to estimate the economic value of your business. We have experienced personnnel who are able to help you make well informed decisions in any business sale transaction.

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

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 laid down policies. Our services include:

  • Fraud investigations
  • Finance & enterprise data analysis
  • Hidden assets investigation
  • Financial statements fraud
  • Bank charges review
  • Mapping and tracing of funds