Africa: Accounting and Audit

Tax audit readiness in Nigeria is really about being so organised that Nigeria Revenue Service (NRS) or State IRS (like LIRS) never catches you unprepared, even if they show up tomorrow morning at your door step. In this article, we will walk through what that looks like in practice, from the complete document checklist to how to respond to queries without panicking.

The NDPC has extended the deadline for filing 2025 Data Protection Compliance Audit Returns to 30 May 2026.

South Africa's removal from the Financial Action Task Force ("FATF") grey list in October 2025 represented an important milestone in the country's ongoing efforts to strengthen its anti money laundering...

Sustainability reporting in South Africa is undergoing significant transformation as global standards converge with local governance frameworks. The introduction of IFRS Sustainability Disclosure Standards, together with the King V Code, presents organisations with an opportunity to strengthen governance, improve decision-making and enhance corporate reporting credibility. As investor expectations evolve and regulatory scrutiny increases, organisations face growing pressure to provide sustainability informa

The issuance of the General Transition Guidelines for the Tax Acts 2025 provides long-awaited clarity on one of the most significant tax reforms in Nigeria's recent history. This Client Alert examines the practical implications for businesses navigating the transition to the new tax regime, including treatment of accounting periods, transaction taxes, ongoing contracts, tax incentives, disputes, and compliance obligations.

Mining companies face critical accounting decisions during the development phase, particularly regarding IAS 16 Property, Plant and Equipment compliance. Understanding what constitutes directly attributable costs, how to treat incidental revenue from pre-production extraction, and when to cease capitalisation can significantly impact financial reporting accuracy and regulatory compliance.