Sun 12-10-25

HISTORY

Our firm was registered on 12th May 1978 and has been in consistent accountancy/audit practice for thirty two (32) years. The founding partner, a quintessential chartered accountant trained with an old well-established medium sized English firm of chartered accountants, Howard Tilly & Co, London. It is on record that Mr. Tilly was one of the signatories to the charter of the English Institute of Chartered Accountants. Being a pedigree, Mr. U. S. Nwankwo has successfully brought the firm to a position where it is recognised for delivering excellent professional services to users of the services of accounting profession. Integrity, professionalism and total commitment are the bedrock on which the firm is founded. More >>>

 

 

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News and Updates

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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