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Sat 11-10-25

F. O. Odofin HND.

FESTUS OMOLAFE ODOFIN, ACA
Profession: Chartered Accountant

Professional Qualification: Mr. F. O. Odofin is a Manager in the firm. He is an Associate of the Institute of Chartered Accountants of Nigeria (ICAN).

Academic Qualification: He has a Higher National Diploma (HND) in Accountancy.

Similar Assignments Handled: He had worked with the Firm of Tom Satimehin & Co. (Chartered Accountants) before joining us and has actively participated in the following accountancy, audit and assurance services:-

  • Acti-Tech Telecommunications Limited.
  • MIVAS Nigeria Limited.
  • Nigerian Corporate Affairs Commission
  • Securities & Exchange Commission
  • Stavon Oil & Gas Limited
  • Federal University of Technology, Owerri (FUTO)

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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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