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Nairaland Forum / Nairaland / General / Business / Big Four: These Are The Auditors Earning Billions From Nigerian Banks (53262 Views)
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Re: Big Four: These Are The Auditors Earning Billions From Nigerian Banks by gentleibraheem(m): 8:49pm On Sep 20, 2021 |
Mexyz: Its more difficult to get in as an experienced hire |
Re: Big Four: These Are The Auditors Earning Billions From Nigerian Banks by gentleibraheem(m): 8:50pm On Sep 20, 2021 |
Bluntemperor: Welcome to our Corporate world. Most people tend to overlook the corruption therein whereas it is the actual wild wild west |
Re: Big Four: These Are The Auditors Earning Billions From Nigerian Banks by Hassanmaye(m): 8:55pm On Sep 20, 2021 |
Sonnobax15:Hahahhahahaha |
Re: Big Four: These Are The Auditors Earning Billions From Nigerian Banks by itu404(m): 9:03pm On Sep 20, 2021 |
zeetyzin:you have just been told: intelligence and professional news |
Re: Big Four: These Are The Auditors Earning Billions From Nigerian Banks by Jopemj: 9:11pm On Sep 20, 2021 |
gentleibraheem:They will be the one to end up exposing EFCC that's why they are untouchable |
Re: Big Four: These Are The Auditors Earning Billions From Nigerian Banks by OLAWISE78: 9:23pm On Sep 20, 2021 |
Enter most banks there audited statement is always posted on the wall. Zenith bank for 2020 audited statement did not pass the true and fair mark Bluntemperor: |
Re: Big Four: These Are The Auditors Earning Billions From Nigerian Banks by zeetyzin(m): 9:32pm On Sep 20, 2021 |
itu404:And? |
Re: Big Four: These Are The Auditors Earning Billions From Nigerian Banks by Vision101(m): 9:43pm On Sep 20, 2021 |
@nairavsdollars Na lie ooo. What about Alpha Beta? I heard they start with N1m monthly salary for fresh graduate @me It's an audit firm |
Re: Big Four: These Are The Auditors Earning Billions From Nigerian Banks by Nobody: 9:43pm On Sep 20, 2021 |
Bluntemperor: Not necessarily a Nigerian problem . . . happens gloabally. Read about ENRON and Arthur Andersen (the predecessor of Accenture) . . . even KPMG had a recent scandal in the U.K earlier this year., as well as were fingered in corruption cases in South Africa. 2 Likes |
Re: Big Four: These Are The Auditors Earning Billions From Nigerian Banks by Vision101(m): 9:45pm On Sep 20, 2021 |
@Undies8 And they will be paying their staffs peanut. @me Nay....their staff are paid highly. They recruit the very best. |
Re: Big Four: These Are The Auditors Earning Billions From Nigerian Banks by Snitch24(m): 9:45pm On Sep 20, 2021 |
CelestineNelson: Oga shut up How many people Knows the term audit here |
Re: Big Four: These Are The Auditors Earning Billions From Nigerian Banks by Vision101(m): 9:48pm On Sep 20, 2021 |
@AutoChick4U Just to audit? @me Hahahaha..... you call it just Auditing and investigation is a not a baby profession. Not for average brain. |
Re: Big Four: These Are The Auditors Earning Billions From Nigerian Banks by Vision101(m): 9:53pm On Sep 20, 2021 |
@Yankiss las las, the owners of these banks being audited have their cut in those huge amounts. It's all window dressing. @me The auditor has fiduciary duty. So he can't trade it away for bribe. The auditors are appointed at the AGM. Due process must be followed to sack them. Their certification is what makes the banks' figures to be accepted all over the world. 1 Like |
Re: Big Four: These Are The Auditors Earning Billions From Nigerian Banks by habayommy: 9:54pm On Sep 20, 2021 |
Very soon and by God's grace, I will be a staff in one this company in Jesus name Amen. I am working towards that. 1 Like |
Re: Big Four: These Are The Auditors Earning Billions From Nigerian Banks by Vision101(m): 10:00pm On Sep 20, 2021 |
@Yankiss Doesnt Nigerians have companies that can carry out independent audits? Well, the Nigerian factor would mess up everything. They fit carry style yahoo the whole bank accounts in the name of audit. ; @me These are world renowned firms. The figures of the banks are used all over the world. The assurance of truth is rested on the auditor's certification. If you take a decision based on the figures and it comes out wrong as a result of manipulation, you can sue them. It's not everything that the Nigerian factor apply. 1 Like |
Re: Big Four: These Are The Auditors Earning Billions From Nigerian Banks by BeboNGN: 10:03pm On Sep 20, 2021 |
PrinxArthur1: You so much hate Nigeria lecturers.... Remember, without them you're nothing, educationally. |
Re: Big Four: These Are The Auditors Earning Billions From Nigerian Banks by Vision101(m): 10:06pm On Sep 20, 2021 |
@Fiscus105 Hope you know they pay fat salaries for several Nigerians working there? @me They have Nigerian partners. Delliot is partly Nigerian because AW merged with it |
Re: Big Four: These Are The Auditors Earning Billions From Nigerian Banks by PrinxArthur1(m): 10:43pm On Sep 20, 2021 |
BeboNGN:I am where I am today due to google, wikipedia , Gupta textbooks and some foreign online groups for solving problems like calculus,fluid mechanical, soil mechanics etc 1 Like |
Re: Big Four: These Are The Auditors Earning Billions From Nigerian Banks by NwaIgboBoy(m): 10:50pm On Sep 20, 2021 |
Grant Thornton is the best |
Re: Big Four: These Are The Auditors Earning Billions From Nigerian Banks by blaze83(m): 11:26pm On Sep 20, 2021 |
Olayetan: I have a friend at Deloitte, 188k as a fresh graduate. I believe the other 3 should be around the same range |
Re: Big Four: These Are The Auditors Earning Billions From Nigerian Banks by BeboNGN: 11:32pm On Sep 20, 2021 |
PrinxArthur1: You still owe them, you don't have to denigrate them. They are your foundations. Selah 1 Like |
Re: Big Four: These Are The Auditors Earning Billions From Nigerian Banks by PrinxArthur1(m): 1:05am On Sep 21, 2021 |
BeboNGN:I paid full price for my education in a Nigerian institution, only to get it elsewhere, thats cheating if you don't acknowledge that 1 Like |
Re: Big Four: These Are The Auditors Earning Billions From Nigerian Banks by AlphaSoul: 3:46am On Sep 21, 2021 |
dre11: |
Re: Big Four: These Are The Auditors Earning Billions From Nigerian Banks by Buccalcavity2: 6:03am On Sep 21, 2021 |
My problem with them is that.... in 2009, during financial banking crisis. These big fours also vetted the books of the banks whose figures were engineered. Regulators(SEC) also published the financials. However non of them was punished. The blame was put on investors solely, who believed that everybody did their jobs. This I find unforgivable and the greatest scam in the country. I believe their audit na just paddy paddy audit. Dem just dey earn money for nothing. Nobody dey regulate them. Same happened with the Guptas in SA and kpmg was punished. If na naija, stories. 1 Like |
Re: Big Four: These Are The Auditors Earning Billions From Nigerian Banks by stevedre: 7:23am On Sep 21, 2021 |
You do have a valid point. Honestly the biggest scams commited in big firms and top government agencies all over the world. They call "bribery" lobbying and "scamming" aiming for national interest or national security. I think proxies using the names of all this big firms handles Nigerian banking systems because how can our banks be always charging customers for silly reasons but these super power auditing firms act like its all good. There must be some back door romance going on between the Top staffs of the bank and auditig firms because it is only in Nigeria you will save 100k in a "savings account" by January but find 95k left at the end of the year, that is if you are lucky because it can be less. I stand to be corrected though, just poured my mind. Bluntemperor: |
Re: Big Four: These Are The Auditors Earning Billions From Nigerian Banks by harley88(m): 12:34pm On Sep 21, 2021 |
gentleibraheem: Lmao, I know. Still developing myself for them. Reason I want a big four sooo bad. |
Re: Big Four: These Are The Auditors Earning Billions From Nigerian Banks by gentleibraheem(m): 3:04pm On Sep 21, 2021 |
Bagehot: The Audit firm was penalized na Abi you no read the full story??. |
Re: Big Four: These Are The Auditors Earning Billions From Nigerian Banks by gentleibraheem(m): 3:08pm On Sep 21, 2021 |
stevedre: Audit firms don't care how exploitive their clients are as long as it is not illegal. Their Job is to make sure their clients books reflect their true and fair financial position/performance. |
Re: Big Four: These Are The Auditors Earning Billions From Nigerian Banks by Psoul(m): 8:29pm On Sep 21, 2021 |
zeetyzin: You'll not understand it cos you don't understand economics and business. May be, you should wait till a post about BBN comes up. You'll understand that one easily and better. |
Re: Big Four: These Are The Auditors Earning Billions From Nigerian Banks by zeetyzin(m): 12:57am On Sep 22, 2021 |
Psoul:I’d resist every urge to engage you in any online exchange of words. It would be a waste of my time. Take care |
Re: Big Four: These Are The Auditors Earning Billions From Nigerian Banks by Psoul(m): 6:59am On Sep 22, 2021 |
zeetyzin: You wouldn't argue cos you don't have reasonable thing to say. Come back when u think u can talk reasonably. Bye |
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