Auditing is a means of evaluating the effectiveness of a company’s financial report. Testing activities in our client’s business is part of its objectives of credibility and transparency. Our network of audit professionals provides numerous audit and advisory services to help clients in achieving their strategic objectives and goals. We help them to manage their risks and improve their business performances.
We provide audit and accounting advisory services to companies and individuals across different industries in Lagos State.
The success of Mathew OGAGAVWORIA and Company (Chartered Accountants) in providing assurance and advisory services is traced down to our continuous learning, and development of our network of audit professionals. We seek to add value to our clients’ businesses by anticipating problems and providing constructive reliable solutions to the problems. Our audit involves an in-depth understanding of our clients’ businesses, knowing different risks that face their businesses to come up with an audit approach that fits their needs.
We are an auditing firm based in Lagos State, Nigeria. Our services to our clients include but not limited to:
Reliable financial statements help organizations build trust and support informed decision-making. Lenders, investors, and other principal stakeholders depend on external audits to draw meaningful, dependable conclusions about an organization’s financial health. We examine client’s financial statements and accompanying disclosures that have been prepared under IFRS laid down rules and regulations and other relevant standards. The result of this forms our report, to attest to the fairness of presentation of the financial statements and accompanying disclosures. Our report accompanies our clients’ financial statements when being issued to the intended recipients. This will add credibility to the reported financial position and performance of our clients’ businesses.
We review our clients’ accounting and internal control system by applying procedure that allows our clients to determine that their financial controls are effective, their financial statements are reliable, show a true and fair view of the company’s business and in compliance with the effective laws, their financial statements comply with their internal control policies and procedures, and also their assets are protected against fraud.
Some general rules and concepts govern the field of accounting. These general rules are referred to as basic accounting principles and guidelines. We assist our clients to understand different accounting principles and guidelines and how they are interpreted and used in the presentation of the financial statements. We also help our clients to set-up their chart of accounts and have a well-organized finance and accounting departments to achieve their business goals and objectives.
We assist our clients on technical accounting and financial issues facing financial reporting due to the complexity in transactions. We help our clients to understand how different transactions affect their accounting records and assist them in deciding the best accounting policies according to IAS to achieve reliable financial reporting. We give constructive and reliable advice to our clients on the following issues: Mergers and acquisitions, restructuring and reorganization of capital groups, Financial and operating leases and leaseback contracts, Factoring contracts, Long-term contracts.
We also help our clients to understand new accounting standards and changes in accounting standards and their complexity, implement them and adapt to the changes. At Matthew OGAGAVWORIA and Company, we help our clients to understand how changes in standards affect their business financial statements. We also help clients in conversion to other accounting standards like IFRS. We present our clients with accounting policies choices within the scope of IFRS and analyze their impact on their financial statements. We assist in the calculation of adjustments to financial statements required by IFRS when converting, proper bookkeeping and inclusion in the financial statements.
We assist clients to set-up their different reporting departments in their companies, to tackle non-compliance with the accounting standards, and enhance the presentation of the companies’ financial statements.
We help private potential investors or buyers to determine reasonable values for companies that seek loans or funding from them by critically looking at previous years’ revenues, the book of business and growth patterns of the companies. We also help clients with the determination of goodwill under IFRS 3
Our experienced specialists have decades of experience with benefit plan audits, and they understand the intricacies and issues involved. We help our clients to compute their total expenses like employee benefits. Some employee benefits are mandated by the government, we will help our clients to know how they are calculated and period for payments and how to avoid any penalty related to default. When working with clients on benefit plan audits, our goals are to exchange information efficiently, minimize interruptions for staff, and be mutually accountable for achieving audit milestone dates.
Based on our understanding of International Financial Reporting Standards, International Standard on Auditing, and our access to deep expertise locally around the country, we assist clients with statutory audit compliance.
With a deep understanding of our clients’ businesses and industries, our technology assurance specialists provide IT assurance services with a focus on sustainable results. We offer a wide range of information security assurance services to help you assess internal controls and security risks throughout your IT infrastructure and across your third-party relationships.
Matthew OGAGAVWORIA and Company performs procedures agreed between an entity and a third party to produce factual findings of financial information or operational processes. Agreed-upon procedures include for example the review of loan covenants, particular sections in the financial statements (e.g., accounts receivable), compliance with the agreement, and the crosschecking of documentary requirements, as well as the conformity of certain data
Compliance audit ensures that an entity’s compliance with legal or contractual obligation e.g. donor’s funding conditions, etc.
We cover the potential consequences of possible future events and actions. It is future-oriented and therefore speculative.
For all your audit services in and around Lagos State, you can reach us through this email address: firstname.lastname@example.org
Or give us a call on any of these telephone numbers: 08023200801 08075765799
Alternatively, you can fill the contact form below