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Sun 12-10-25

BASIS OF FEE CHARGES

Our fees are primarily based on the degree of responsibility, skills involved and effective time necessarily taken by the work. We normally charge separately for each professional service mentioned.

The Institute of Chartered Accountants of Nigeria (ICAN) has recommended as a guide, scale of fees, which we take into consideration in making charges for professional remuneration.

 

 

 

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A company that trades stock on a registered stock exchange or is preparing to issue new shares of stock must submit to an external audit. These companies are known as publicly traded companies. An external audit is used to give the public a true statement of a company's financial position. It is made at least once a year by public accountants who are not regular employees of the company. The auditors make sure that the company has followed proper accounting procedures in its financial records and statements. They compare the current financial statements with those of the previous year to determine whether the statements are calculated consistently. If they are not, they present a distorted picture of the company's financial position. The auditors also inspect real estate, buildings, and other assets to see if their value is overstated. Debts and other liabilities are checked to see if they have been understated.
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