Institute of Internal Auditors KPMG Nigeria Ernst & Young Bamisile Group PricewaterhouseCoopers. Those eligible to be appointed as external auditors are generally Chartered Accountants, members of the Institute of Chartered Accountants of Nigeria ( ICAN ) or members of the Association of National Accountants of Nigeria ( ANAN ). Professional Accountancy Bodies Institute of Chartered Accountants of Nigeria, Institute of Chartered Accountants of NigeriaĪssociation of National Acountants of Nigeria, Association of National Acountants of NigeriaĬertification and Auditing The auditors are appointed at the annual general meeting of a company. Publication Requirements The financial statements must be prepared and submitted to the Corporate Affairs Commission ( CAC ) annually. Additionally, in the case of a holding company, the group's financial statement must also be prepared. In addition, for all official matches organised by confederations and FIFA, the balls used must be tested and marked by the FIFA Quality Programme for Footballs. Accounting Regulation Bodies Securities and Exchange Commissionįinancial Reporting Council of Nigeria ActĪccounting Reports A statement of accounts, balance sheet, a profit or loss statement, the auditors' report and management report must be prepared and submitted. According to the law, the ball in a football game must be spherical with a 68 -70 cm circumference and a standard weight between 410 and 450 g. Accounting Standards Nigeria's legal, accounting and regulatory systems are consistent with international standards ( NASB SAS / IAS / IFRS) however, implementation c annot be guaranteed. Tax Year From 1 January to 31 December (calendar year).
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