Services
Services
Adeniyi Christopher & Co (Chartered Accountants) is dedicated to delivering exceptional value and expertise across a wide range of services. With our knowledgeable, insightful, and imaginative approach, we go beyond compliance to make a real difference to your business.
statutory audit & assurance services
Creating value that makes a real difference to a client’s business is essential to Adeniyi Christopher & Co (Chartered Accountants). Quality audit and assurance services that bring unexpected and far-reaching benefits do not come from an unthinking compliance mindset but from a knowledgeable, questioning, imaginative and insightful approach. The foundation of the service we deliver is the natural blend of compliance and value for money. We are experts in the application of audit methodology and audit techniques and use our expertise to bring precision and economy to our client’s business. We use our knowledge of each client, together with our position as trusted advisor, to match our approach and our solutions to their needs. Our view of the client’s business is broad and deep, while we look behind the numbers to consider what they mean for the business as a whole. We use audit to explore and think more widely about our clients’ businesses and the potential issues they face. This understanding enables us to offer new solutions to our clients’ problems, help them learn from what has happened and prepare them for, or better still help them avoid issues in the future. How we can support you:
corporate performance monitoring
Monitoring of business performance through quantitative parameters is the way to effectively track corporate journey towards its goals. Further, linking the corporate goals to employee goals will “align” the whole organization. Corporate Management needs information to guide its financial and operational decisions. With globalisation and connectivity, many companies have become more geographically dispersed, more complex and thus more difficult to manage. The regulatory burden is also growing, while connectivity is forcing public companies to become more transparent and reliable. Timely management information is therefore essential. Our Corporate Performance Monitoring service provides you the avenue for translating your company’s strategy into measurable targets, evaluating how it is doing. It gives senior executives a real-time picture of how the organisation is actually performing relative to its targets, so they can make needed changes as quickly as possible and ensure the changes stick by linking them to the way employees are evaluated and remunerated. Our approach enables organisations to integrate their financial and non-financial systems to achieve sustainable improvements in performance. We can help you through our:
international financial reporting standards conversion support
International Financial Reporting Standards (IFRS) is a set of accounting standards developed by an independent, not-for-profit organization called the International Accounting Standards Board (IASB). Currently, over 100 countries adopt IFRS for public companies, with more countries expected to transit to IFRS by 2015. Proponents of IFRS as an international standard maintain that the cost of implementing IFRS could be offset by the potential for compliance to improve credit ratings. Are you prepared for the conversion to International Financial Reporting Standards (“IFRS”)? There are things you can do now to make your transition to IFRS easier and save you money. We are professionals, experienced in helping private and public companies convert to IFRS, in acting as auditors to companies reporting under IFRS, and in consulting to companies who are required to report under IFRS. Adeniyi Christopher & Co. is a Certified IFRS Auditor
management audit
Management Auditing is the checking and validation of policies, procedures, systems and company results by an independent professional party. In order to ensure value for money, our management auditing services are automatically linked to the consulting arm of the business, ensuring that – should any non-compliance issues arise – Adeniyi Christopher & Co. Auditing is in a position to assist the client in revision and optimisation of the area concerned. We offer Auditing services for the multinational companies in a number of key areas including:
corporate tax management
At Cherith Chris & Associates we guide our clients through a full range of tax planning and preparation decisions with strategies that minimize your tax liabilities, maximize your cash flow and keep you on track to your financial goals. Our expertise, experience, analysis and thorough research allow us to optimize financial opportunities to be found in existing as well as recently enacted/amended tax laws. We are knowledgeable and up to date on the tax laws and can make sense of your receipts, bills and notices.
credit management services
Cherith Chris & Associates provides credit management services. We have designed different processes that blend advisory, process redesign and analytical skills which in turn reduce the cost of regulatory reporting and compliance. Our approach to credit management services is comprehensive; we initiate by prioritizing a company’s risk and select the right data for relevant models and analytics to perform integrity, control and compliance reviews. Thus, we identify inherent weaknesses in key business processes, and then quantify and qualify the significance of resulting loss exposures.
business advisory servcies
Our business advisory services enable you to act on your needs with proven, seasoned expertise and methods to drive your business forward. By working directly with the business owner in weekly meetings and conference calls, plus performing hands-on work, and ensuring your company makes progress every week. Our years of one-to-one meetings with CEOs have proven the fact that all business owners need help on some level. The business advisory service is extremely economical yet comprehensive to optimally serve your specific needs with tremendous value. We are 100% SURE that both your business and your life will dramatically change for the better, and we provide a satisfaction guarantee. This service includes:
tax monitoring services for government revenue boards
Tax Monitoring Services for Government Revenue Boards
From our experience, financial charges by banks on their customers’ accounts are usually not accurate. For this reason, it is our offering to help bank customers review these charges with a view to ascertaining the accuracy of such and where possible determine overcharged costs. These costs essentially are:
All these charges are normally regulated by the Central Bank of Nigeria and also by mutual agreements. Our cardinal objective in placing our services at your disposal is to assist you on the need to reduce the cost of financing your operations through a review of excessive interest charges and COT (these may be excessive without you knowing) and take steps to recover the overcharged amounts from the relevant bank(s).
Personnel Cost is one of the major components of an organisation’s operating cost. Sometimes, due to slack in internal controls, there could be opportunities for fraudulent practices. Our firm offers an all encompassing Payroll Audit to discover ghost workers as well as determine the accuracy of payouts. In addition, we are positioned to offer manpower audit to ascertain the efficiency of the workforce through evaluation and assessment and assist in proffering appropriate corrective measures.
Information Systems Audit is a comprehensive examination of a targeted system which consists of an evaluation of the components which made up the system. An IT systems Audit evaluated the system’s internal control design and effectiveness. This includes but not limited to efficiency and security apparatus, system development processes and IT governance. We are positioned to offer any needing organization whether private or public all the assistance required to protect the integrity of an organisation’s information assets.
Management Audit is a systematic examination of decisions and actions of the management with a view to analysing the performance. Management audit involves the review of organizational objective, policies, procedures, structure, control and system in order to check the efficiency or performance of the management over the activities of the Company. Management audit examines non financial data to audit the efficiency of the management. This audit tries to ascertain how well management has been operating the business of the company. Management Audit is an assessment of methods and policies of an organization’s management in the administration and the use of resources, tactical and strategic planning, and employee and organizational improvement.
An Asset is described according to IASB as a resource controlled by an enterprise as a result of past events and from which future economic benefits are expected to flow to the enterprise. Assets are of two major categories, current and non-current. The non-current assets were, before the adoption of International Financial Reporting Standards, known as Fixed Assets. Fixed Assets constitute a major component of an entity’s overall investment hence the need for adequate documentation and monitoring. Keeping track of assets can be very challenging to large and small organizations as Assets can be moved between locations or reassigned to other people or even get replaced. We offer our clients assistance in their annual physical count of all fixed assets with a view to verifying their existence and ensure the update of Fixed Asset Register. We also provide assistance in the establishment of Fixed Asset Register.
Investigation is usually carried out by under a specified scope and terms of reference. It is therefore an inquiry into specified areas of a business entity by a professional accountant in pursuance of his appointment. Types of investigations are: