Intrepid01:


Oga Auditor.....Yes Internal Auditor work for management, but Internal Auditors must not be responsible for putting controls in place knowing fully well that they will be responsible to review it for adequacy and efficiency; that is called Self-Review.

Even when an Internal Auditor notes exception, all they do is suggest remediation action, implementation of the action is the responsibility of process owners. Correct me if am wrong

It seems am enjoying you, let us keep exchanging ideas. It is good for our career. keep it up brother.

mascot87:
I am an ISO auditor. Who wants to chat?

What do you mean by ISO auditor? what do you do as ISO auditor? Thanks

Intrepid01:


Internal auditors do not put control in place. In the 3 lines of defense, IA is the 3rd line of defense that provides assurance on controls put in place by Management around business operations. Please correct me if am wrong.

Yes , it is responsibility of the management to put in control. However, IA has the responsibility to check if the controls are adequate or not, where is inadequate , IA will recommend to the management. There are two major functions of IA.

1. Assurance service

2. consulting service.

These two major services can be further divided into so many functions such as investigation, operational Audit, financial Audit, inventory check etc.

lovedbyall1992:


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

Am looking at it from the point of Internal Auditor not as a consultant in a firm. I presently work as Internal Auditor with over 7yrs working experience. I can tell you is boring. I also have over 4yrs experience as an external Auditor, I trained with one of the oldest local firm in Nigeria. When I left practice to pick a job offer in a company as internal Auditor, after 3 weeks on my new desk, I wanted to resign and return to my firm.Have been used to going from one client to another. Though IA is interesting when you work in environment where the tone from the top is strong. It is also dangerous when you work in environment that is full of thief and you are not ready to compromise your integrity and value.

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

That's is a very wrong advice. As a young graduate the best way to start your career is Audit firm. You need the training and the experience that will prepare you for the future challenges . I agree with you that Audit firm don't pay well but if you are lucky to get a job in big 4, it's better than getting a teller job or marketing job in the bank.

abbey621:


I'm a consultant so I work for many firms. Currently I'm with KPMG, State Farm and Deloitte. I specialize in I.T auditing.

5

Can you consult for my company. I work with one of the PFAS, we need to do I.T audit of our IT department. If you know you can handle it. Send me mail labiola@yahoo.com.

Rubyventures:
I find Auditing boring.

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.

Anytime I see my generation who should reasoning with their brains but chose to do with their anus because of their tribes, religion, beneficiary of the corrupt leaders. I feel so sad. How could anyone be supporting Saraki and other corrupt leaders, who acquired our common wealth for their personal and that of their family. I wish you all best of luck. Orun ya Bo Ki n se oro enikan.

EnterPRO:
after you get your TIN, what next?

what do you do with it?

how do you calculate your tax and pay?

or we wait for Ambode to come and collect it?

You can send me a mail on labiola@yahoo.com for your tax issues

My wife is my Next of kin. The reason is that everything I have is written on our names, Mr and Mrs. Men need to protect their family from any form of external attack.

[quote author=dunkem21 post=43379761] Gory sight ..

I blame Buhari for not making PMS available for the common man to buy @ pump price thereby encouraging sale of black market ..

You will still blame Buhari even for your own in ability to obey the law of the land

Kindly help me confirm this info I got from someone. I was told that one can lease one hectare of land in ogun state for a year for 7,500. This can be done through Farmers' cooperative society. Am planning to give someone Money to help me get one. Pls how true is this info? Thank you

Propertyville:
Directors of a Limited Liability Company earns 500,000 per month as Director Allowance. Please what is tax calculation

10% Withholding tax to State Inland Revenue.

emelicoby:
Please am having a challenge in accounting entry.
Assuming company A makes a contribution of N20,000 as pension contributions and also the company deducts from the employee his own quota at source which is N20,000 from his salary which is in line with the pension act, which account should b debited and credited?
Looking forward to your prompt response.
Thank you

Let me give you an example.
Let say your grosss salary is 120k. You pay tax of 10k and 20k as your pension deduction.
Dr salary with 120k
Cr Accrued PAYE (liability) with 10k
Cr Accrued pension (liability) with 20k
Cr means of payment bank/chq with 90k that is what come to you as a salary.
That is the first leg.
The second leg is to Dr Acrrued paye and Accrued pension ledger above with 10k & 20k respectively and Cr the means of payment. That means the ledger above become nil.
For the employers deduction, Dr your GL in your SFPL with 20k and credit your bank.
Hope is clear to you.

I will like to address all the business men/women on this forum on the risk and threat to their business. It is important that every business owners should not play ignorant with the issue of taxation. The present administration consider taxes as major revenue generation to finance the budget, hence there is going to be an aggressive implementation of tax laws in Nigeria. I know we are aware of the stamp duty on every 1,000 transactions. It is important for us to be aware of all this things. Tax evasion and avoidance are serious crime, please don't be caught on the wrong side of the law. Let me quickly tell you some basic things you need to know .
1. Get your TIN if you are yet to do so. TIN is your Tax Identification Number. The law allow you to register with FIRS within 6mth of your company incorporation. Failure to do so will expose you to unnecessary penalties.
2. Do your monthly VAT remittances. If you have commenced business ensure you do your monthly remittance of 5%VAT to the firs. Don't say I didn't collect VAT, go and do a nil return.
3. Get a tax clearance for your business. It will help your business.
4. Get an audited financial account and ensure you keep records of your expenses. If possible make sure you do your business through banks. It will help you to tracks your expenses.
5. Call me as your financial advisory, auditor and your tax consultant. Labiola@yahoo.com or labiolanlpcpfa@gmail.com.

Nice topic, it is good to share good news atimes to encourage someone. Marriage is good if one gets it right. For me, my Marriage has been good and interesting. My wife is one of the few the Bible refers to as virtuous woman. We married seven years ago and I must confess am luck to have such a beautiful woman as a wife not only that my wife is good , I have a wonderful in laws too. I will share 2 major areas where marriage used to have issues.

1. Financial issue: When I got married to my wife her salary was more than my own, but my wife give me 100% access to her money, she has never challenged my decision when come to spending, though as an Accountant am more conservative than her. After she delivered our first born (twins), she resigned her job to join the family in Lagos, because she was working outside Lagos and we only depend on my salary that was less than N80,000 then. There was a time she needed N5,000 and I told her we don't have money, in actual fact we had money but was budgeted for something else, so she insisted that I must give her the money, I was angry because I expect her to understand our cash flow, so I went to work upset, when I returned from work she served me my food after eaten. she showed my an alert of N90,000 paid into her account from her former employer being outstanding allowance they owned her , something told me that if she were to be another person, she will keep the money and spend it without my consent and I will not no. During this period e she was not working we only depending on my small salary. From that day, I made a decision never to hid anything be it my salary, allowance, gift , returns on investment from her. In fact , I operate full disclosure policy .
2. Infidelity : This is an area that kills so many marriages . I made a decision before my marriage that I will never cheat on my wife, I went ahead to place a curse on myself and to the glory of God , I have been faithful with that decision. My wife too has been faithful to our marriage oath. She has to resign her employment because someone was demanding for sex and because she works in hospital environment where she has to do night duty with the same man that was demanding for sex, she resigned.

In the last 7 yrs of our wedding, God has been good to us , because we keep our part of the marriage oath. I thank God for his goodness and mercy. That is my own story.

In all honesty, for the past 4days on the roll, we didn't have light for 20mins. The light has been stable for more than 23hrs. Let's praise the government where is necessary.

We should all be ready to pay taxes by next year. Govt is looking at that sector to finance budget. So brace up for next year. You need a tax consultant? My firm is ready to serve you.

They two of them have relationship for years. The Oni of Ife sold most of the obagoal properties to him in lekki axis.

It quite unfortunately that a lot of people in this forum dont think before they write. You guys fail to understand the reasons why he said so. It seems lack of employment is really telling on the thinking of our youths.

@ Debbie.

Am interested, am presently working in one of the financial institutions as Manager, Internal Audit with over 10yrs working experience. Bsc, ACA, MBA.

We usually call him ''yeye", we worked together in the same building , he was the CEO of one of the subsidiaries of the parent company I worked for. He's humble, generous and playful. one thing I have learnt from his appointment is that one should never underrate anyone, one should try as much as possible to nice to people , you can never tell where you are going to meet that same person again. I know a lady who worked for him and defrauded him, the day he knew about the fraud, he broke down and cried because he really trusted this young lady with his money being the cfo of his coy. To the new Oni of Ife, Adeyeye Enitan Ogunwusi, I congratulate you sir. Oye a mo ri o.

Tecno is a fraud, we all must fight them. I bought their H6 last year, less than a year the phone refused to charge even when the charging sign is blinking and showing charging. I went to their useless carlcare and I met a lady who told me I have to pay N 4,650 to fix the screen damaged before she can fix the charging problem despite the fact that I didn't complain about the screen but charging problem. The number of people that flowing into their carlcare is enough evidence that something is wrong with Tecno. I have decided not to buy any of this useless china phones again. Better save enough money and buy a good phone.

Indeed politics is a dirty game. For me, it is good for us to see what is happening in Lagos state. Unfortunately for Ambode, he has started digging the hole of failure for the second term. I believe a good political party should start taking all this evidences to nail APC in the next election. If Ambode fails to perform, I will be one of the people that will vote against him and his party. How I wish Jimi Agbaje can re-contest in 2019. I Let Apc keeps fighting dirty, the pigs will indeed get happier. Hate Fashola or like him, he has done wonderfully well.

Guy, pls stay with the Audit firm for now and get relevant experience, pursue your professional qualification. Audit firm is a trainning ground.

Anything Arm is good, Arm is a big company with subsidiaries, Arm pension is one their subsidiaries try your luck but it could be a marketing job, but you can make your money if you are to sell Annuity.

My wife did an online programme in UK, she has been invited for convocation sometimes in july with the opportunity to have 3guest. I would like go with her, since this is our first time. Pls i need your advice on how to go about the application for both of us.
Thank you

barcanista:
Your pikin die, rather than mourn you de play APC politics de blame Jonathan. Wetin your pikin go find where dem de vandalise public property? Oga abeg Go to Court

@Barcanista, am dissapointed on your post above, what is wrong with you? you have totally lost all the sense of reasoning you have. Someone was mourning the death of his daughter and unborn grand child, all you could say is this jagons, all in the name you support the president. Remember, everything we do in life will come back to hurt us whether good or bad. I wish you the same thing that happened to the Fajanas. You are disgusting.

The kidnappers has stepped up their games now, kidnapping of children in church vicinity is becoming rampant and the Churches should improve on their securities. This same event happened in my church about 2months ago. Parents should also be sensitive to their environment. The kid will be found by God grace.

OP, you lost your relevance the day you decided to abandon your believe, no matter how you try to come clean, people will not believe you, my advice for you is to keep to yourselves and not try to justify anything again, all this swearing will not make any difference, it is an after thought, some of us had already form our opinion on whom you are, it wont change that. Your case is just like the Ameachi's Deputy, he lost everything he has worked for in the last 8yrs. Today ,Ameachi has become a hero.

Hello all,
I just started following this thread again yesterday. Even though I have done my WES and IELTS since last year, I decided to wait for the EE instead of FSWP. I just created my EE profile yesterday and I started swimming in the pool few minutes afterwards. I have been encouraged by all the contributors to this thread and I also want to render the little help I can. I have a very good IELTS material (which I used myself). Its The Official Cambridge Guide to IELTS Student's Book with Answers. All the audios for the listening tests and 17 sample videos from live speaking tests are included. You can PM me if you need the materials and I will send you the download link (1GB approximately). Its now your duty to find a way of downloading it. Cheers and goodluck

pls send to labiola@yahoo.com. Am interested.