ncpat:

Follow the link. http://nairametrics.com/how-to-calculate-your-taxes-2-using-the-new-personal-income-tax-amendment-act/

Thanks

optimusmind:
Auditing is the independent examination of the financial statements of an entity with a view to make a report as to the trueness and fairness of the balances appearing therein and ensuring that such statement complies with statutory requirements. The person who makes this report is called an AUDITOR
Types of audit includes
1. Procedural audit
2. Vouching auditor.

Qualification of an auditor.
CAMA 2004 stipulates that to be appointed as an auditor, such a person must be a member of an accounting body in the county established by an act or Parliament.
These body includes
1. The institute of chartered accountants of nigiera (ican)
2. Association of National accountant (ANAN)
3. Association of Certified Chartered Accountant (ACCA)

Duties of an auditor.
The primary duty of the auditor is to make a report as to the accuracy of financial statement of companies. It his not his duty to prevent fraud and errors. Although this is considered a secondary objective.

The opinion of one of my professors, auditors are the real accountants.

.... I am still a student member of ICaN

ACCA (Association of Chartered Certified Accountants)
- The Association of National Accountants of Nigeria (ANAN)

Nigeria and not nigieria

Have a good day.

My second question is what is the minimum amount a small company can pay to hire a good accountant ( sole company accountant) in Nigeria(Lagos) for a small start up manufacturing sector? Responsible for all the financial and Management accounting? Realistic answers please.

Auditors in the house, you can apply for this position if you are interested

Vacancy
Internal Auditor needed for an upstream
Oil and Gas Company. Location: Lagos. Requirement: 10 years Broad experience in internal auditing
Education: Second degree upper in applicable course, Accounting professional qualification or MSc is an added advantage
Send email to: hrportal@erotonep.com

Good luck..

abbey621:


Why are you so hostile? It seems we are talking about two different things, I'm talking about KPMG Auditing/Financial services. An external auditor is an auditor that does not belong to one company. Companies like KPMG hire us as an additional control for internal auditors.

Oga, ur story line appear inconsistent. I was with KPMG for 5yrs 3 month and left the firm few months back. The last time I checked, we have the IT unit and also the Internal Audit unit and not aware of the firm engaging an external to perform IT or internal control checks. The only externals we engage for the most part are property/PPE/inventory valuation expert.

pls, help a brother. am an accounting graduate, second class upper, living in Lagos, though currently taking the Ican skill stage. I really need an accounting job. Kindly help a brother

AM AN AUDITOR CHATERED WITH A SOME YEARS EXPERIENCED AND VAST IN EDUCATION,HOSPITALITY FINANCIAL INSTITUTIONS AND GOVERMENT AUDITING EXPERIENCE HAVE SERVED AS AN EXERNAL AUDITOR BUT CURRENTLY AN INTERNAL AUDITOR WITH A GOVERMENT PARASTATAL...........FELL FREE TO ASK YOUR QUESTIONS

hmohammed:


Oga, ur story line appear inconsistent. I was with KPMG for 5yrs 3 month and left the firm few months back. The last time I checked, we have the IT unit and also the Internal Audit unit and not aware of the firm engaging an external to perform IT or internal control checks. The only externals we engage for the most part are property/PPE/inventory valuation expert.

Seems you don't know KPMG very well! Since you are not part of financial services you can be forgiven. I suggest you read more about KPMG and their association with external auditors. The information is there online, so no need for arguing!

Rubyventures:
My second question is what is the minimum amount a small company can pay to hire a good accountant ( sole company accountant) in Nigeria(Lagos) for a small start up manufacturing sector? Responsible for all the financial and Management accounting? Realistic answers please.

I will answer this question to the best of my knowledge without conducting any research. First and foremost this question is made up of two questions, that is minimum and realistic. The government approved minimum wage in Nigeria is N18,000 but this does not apply to private companies, that means private companies can only pay as they wish but remember that your payment with private companies are always spelt out in their letter of terms or letter of contract also known as appointment letter and you are required to reply if you accept the offer. The realistic part is that the minimum any small company can pay or should pay for such position as mentioned above is N60,000 above . I hope I have answer you but if not, please feel free to ask again.

audit firms don't pay well . Look for a better job or start a business

labiola:


Internal Audit is boring but as an external Auditor, it's sweet ask people working with Big 4, they will tell you. I love being an external auditor.

Boring....depends on the company, not if u have worked in more than two countries ds year and its still March, concern would be too much happening not boredom.

In the right place, its an amazing job.

abbey621:


Why are you so hostile? It seems we are talking about two different things, I'm talking about KPMG Auditing/Financial services. An external auditor is an auditor that does not belong to one company. Companies like KPMG hire us as an additional control for internal auditors.

Buhahahahahah......................Guys on this forum beware of people like this individual am quoting. There is no Company in Nigeria named KPMG Auditing/Financial Services. Don't fall victim of whatever he's up to.

WHY AND HOW DO I KNOW that for sure? Maybe because I work with the Company called KPMG Professional Services; the only KPMG in Nigeria.

Oga go and read your book very well on what an External Auditor does and an Internal Auditor does. It is so evident up there you know very little, if any at all about them.

hmohammed:


Oga, ur story line appear inconsistent. I was with KPMG for 5yrs 3 month and left the firm few months back. The last time I checked, we have the IT unit and also the Internal Audit unit and not aware of the firm engaging an external to perform IT or internal control checks. The only externals we engage for the most part are property/PPE/inventory valuation expert.

When you hear a KPMG person whether ex or present write you'll recognize them. Please tell the impostor. He's got ulterior motives I think.

abbey621:


Seems you don't know KPMG very well! Since you are not part of financial services you can be forgiven. I suggest you read more about KPMG and their association with external auditors. The information is there online, so no need for arguing!

You still have the balls to spill rubbish...it is you that is confused. Abeg pple beware of this guy o

Hello Nairalanders,

I joined Nairaland today so please forgive me if I don't follow your rules. All this gist about auditors flew past my newspaper app so I decided to see if I could get something out of this platform.

I am a Recruiter and I am looking to hire Internal Auditors, Information Systems Auditors and Cluster Compliance Officers.

Candidates' Profile:

The ideal candidates must have had minimum 3-5 years

Should not be more than 34 years. Older candidates can apply if they are below 38 years and have attained the Grade of Senior Banking Officer in a commercial Bank.

All candidates must have 2.2 from a University or HND Upper Credit. Candidates with a 2.1 or with a Masters degree will be given preference. However, candidates with a HND Lower Credit but with PGD may also apply.

All candidate must be presently employed in a Commercial Bank.

If you know someone who's profile matches the above criteria, please send an email to: talentassuredng@gmail.com

Note: Please do not send in your CV for any of the above roles unless you have worked in the Operations, Marketing, Internal Control, Internal Audit, Information System Audit or Compliance Groups of a Commercial Bank.

Thank you.

Intrepid01:


Buhahahahahah......................Guys on this forum beware of people like this individual am quoting. There is no Company in Nigeria named KPMG Auditing/Financial Services. Don't fall victim of whatever he's up to.

WHY AND HOW DO I KNOW that for sure? Maybe because I work with the Company called KPMG Professional Services; the only KPMG in Nigeria.

Oga go and read your book very well on what an External Auditor does and an Internal Auditor does. It is so evident up there you know very little, if any at all about them.

Hahahaha, don't be silly! Who told you I was based in 9ja? This is what happens when people react based on assumptions. After all this topic calls for all auditors not just 9ja based. I'm still cracking up

abbey621:


Hahahaha, don't be silly! Who told you I was based in 9ja? This is what happens when people react based on assumptions. After all this topic calls for all auditors not just 9ja based. I'm still cracking up

Baba stop al those twisting you are trying to do. Your explanation of External auditors and internal auditors sold you all out. Internal/External Auditors roles have the same definition anywhere in the world. YOu know nada about it. I have checked your profile, I can see from selling benz to buying laptops...it is very easy to conclude on your line of business. People please beware of this dude o.

Intrepid01:


Buhahahahahah......................Guys on this forum beware of people like this individual am quoting. There is no Company in Nigeria named KPMG Auditing/Financial Services. Don't fall victim of whatever he's up to.

WHY AND HOW DO I KNOW that for sure? Maybe because I work with the Company called KPMG Professional Services; the only KPMG in Nigeria.

Oga go and read your book very well on what an External Auditor does and an Internal Auditor does. It is so evident up there you know very little, if any at all about them.

Was beginning to wonder seriously

Intrepid01:


Baba stop al those twisting you are trying to do. Your explanation of External auditors and internal auditors sold you all out. Internal/External Auditors roles have the same definition anywhere in the world. YOu know nada about it. I have checked your profile, I can see from selling benz to buying laptops...it is very easy to conclude on your line of business. People please beware of this dude o.

See I have nothing to prove to you. The bold part of your statement reveals everything about you. So you went back all the way to 2010 to get something to bolster your argument, what a shame! Since 2010, I've accomplished a lot, something the likes of you might have a problem understanding!

Just to shut you up, here are links which explains the difference between internal and external auditors:

http://www.turnkeyconsulting.com/faq/what-is-the-role-of-an-internalexternal-auditor/

http://www.careersinaudit.com/article/internal-vs-external-auditors-what-s-the-difference-/

http://keydifferences.com/difference-between-internal-audit-and-external-audit.html

I wish I could enlighten you more but my time is very valuable!

Intrepid01:


When you hear a KPMG person whether ex or present write you'll recognize them. Please tell the impostor. He's got ulterior motives I think.

Nice. Been wanting to ask a KPMG person this. Is CGPA being used as a factor during their benchmarking stage? If no then why do the ask for transcripts during document verification? Want to squash an argument on a thread which states that folks with a borderline 2.1 CGPA can't get employed by the firm.

Still in my final yr in ibpoly as a fresh Accountant to be and focusing into two carear which r an Auditor and a Tax Practioner.......no crime in joining the tread as far as knowledge is being imparted... I stand to learn positively.... I love my True Oga in this tread. Hope to see us elevating..... God bless the OP.

Also an auditor of a mfb. Pls can you simply list the types of reports you give to the management every month and the files you keep?

LaconicINC:
I am an auditor in a micro finance bank, I wanted to take system audit course last year but one thing led to another and I have not been able do that

abbey621:


See I have nothing to prove to you. The bold part of your statement reveals everything about you. So you went back all the way to 2010 to get something to bolster your argument, what a shame! Since 2010, I've accomplished a lot, something the likes of you might have a problem understanding!

Just to shut you up, here are links which explains the difference between internal and external auditors:

http://www.turnkeyconsulting.com/faq/what-is-the-role-of-an-internalexternal-auditor/

http://www.careersinaudit.com/article/internal-vs-external-auditors-what-s-the-difference-/

http://keydifferences.com/difference-between-internal-audit-and-external-audit.html

I wish I could enlighten you more but my time is very valuable!

There is no point taking you up anylonger...........ur bubble don burst.

Solecontroller:


Nice. Been wanting to ask a KPMG person this. Is CGPA being used as a factor during their benchmarking stage? If no then why do the ask for transcripts during document verification? Want to squash an argument on a thread which states that folks with a borderline 2.1 CGPA can't get employed by the firm.

Yea CGPA is a factor ....the main reason why you have so many 1st class graduates in KPMG. You must have a strong 2.1 or a very high score in the aptitude test.

Na so e be o

prekumohtim:
audit firms don't pay well . Look for a better job or start a business

It all depends on your priority at present. Yes they may not pay well, but you sure get the training and exposure that presents you with better opprtunities in the future.

I love this thread.

Rubyventures:



You can ask your professor this question " if Auditors are the real accountants, what does that makes those that did not specialise in auditing?"

I asked him that the moment he made that statement and he said "Accounting Officers"

Rubyventures:

In an ideal world, if there is a conflict of interest, which may lead to impaired judgement on the part of the Auditor, then maybe he should turn down the job, but in a Nigeria scenario during the interview, when asked if he knows any body in the company? he can state this and see where it takes him.

The requirement for admission into any profession are;
Knowledge.
Experience
Integrity.
(KEI)
So even after you have passed the ican exam i.e. acquired the knowledge, you must practice in an accounting firm for three years or lecture for five years before you can be said to have acquired experience.
Afterwards it would be confirmed based on your years of practice if you are of proven integrity.
Then, you would be granted full admission to the profession (ACA or ACCA). Only then, can you be an external auditor

talentassuredng:
Hello Nairalanders,

I joined Nairaland today so please forgive me if I don't follow your rules. All this gist about auditors flew past my newspaper app so I decided to see if I could get something out of this platform.

I am a Recruiter and I am looking to hire Internal Auditors, Information Systems Auditors and Cluster Compliance Officers.

Candidates' Profile:

The ideal candidates must have had minimum 3-5 years

Should not be more than 34 years. Older candidates can apply if they are below 38 years and have attained the Grade of Senior Banking Officer in a commercial Bank.

All candidates must have 2.2 from a University or HND Upper Credit. Candidates with a 2.1 or with a Masters degree will be given preference. However, candidates with a HND Lower Credit but with PGD may also apply.

All candidate must be presently employed in a Commercial Bank.

If you know someone who's profile matches the above criteria, please send an email to: talentassuredng@gmail.com

Note: Please do not send in your CV for any of the above roles unless you have worked in the Operations, Marketing, Internal Control, Internal Audit, Information System Audit or Compliance Groups of a Commercial Bank.

Thank you.

Please Sir, I am a recent graduate, I studied Information Technology. I want to work as an IT Audit or Technology Advisor or any Audit position in your firm.

I have advance proficiency in MS Excel, I did my Industrial Training in Revenue Collection and Franchise in Skye Bank, so I have beginners knowledge in Auditing.

How can I send my CV over to you. Please help sir

Thank you. Regards.

Perpetual459:
can we bring challenging work in office as an accountant to this thread?

I believe u can auditors and accountants are the same , have the same training just different job descriptions.

labiola:


Internal Audit is boring but as an external Auditor, it's sweet ask people working with Big 4, they will tell you. I love being an external auditor.

I disagree! IA isn't boring. It is even more wider(ERM, Corporate Governance, Fraud, etc.) than External Auditing. Ask Big 4 peeps!

I am an ats student and I would like an experienced person in the area of audit and risk mgt to mentor me.... thanks