Nigeria: Audit

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Welcome to the Mondaq Audit Law homepage, here you will find thought leadership articles, podcasts, videos and webinars covering topics including accounting and audit law and insights.

Advance Pricing Agreements And Transfer Pricing Audits In Nigeria: A Cost-Benefit Analysis For Taxpayers

In recent years, transfer pricing (TP) has emerged as a significant concern for multinational enterprises (MNEs) operating in Nigeria. With the Nigeria Revenue Service (NRS) (formerly Federal Inland Revenue Service) intensifying efforts to generate revenue through taxation, taxpayers face heightened scrutiny, prolonged audits, and increasing risk of double taxation.

KN

KPMG Nigeria

Did You Know That A Dcpmi Must File Its Data Protection Compliance Audiт Returns By 31 March Each Year?

Article 10 of the General Application and Implementation Directive 2025 ("GAID") requires data controllers and data processors to conduct periodic...

Nigeria Privacy

UU

Udo Udoma & Belo-Osagie

What You Should Know About The New Data Protection Compliance Audit Regime In Nigeria

Nigeria's data protection landscape has entered a more robust and enforcement-driven phase. Following the issuance of the Nigeria Data Protection Act...

Nigeria Privacy

AP

Advocaat Law Practice

Tax Controversy 2025: Trends And Developments

Nigeria's tax landscape is undergoing significant changes, driven by a combination of regulatory reforms, increased enforcement activities and evolving global tax standards.

UU

Udo Udoma & Belo-Osagie

Tax Controversy 2025: Law And Practice

UU

Udo Udoma & Belo-Osagie

Economic Implications Of Transfer Pricing Audits And Adjustments On Nigerian Business Performance

KN

KPMG Nigeria

Embracing Hybrid Auditing Models For Better Client Satisfaction In 2024

Nigeria Accounting

M

Forvis Mazars

Data Protection Compliance In Nigeria: Mandatory Compliance Audit Returns (CAR)

Nigeria Privacy

uA

Firmus Advisory

Impact Of International Auditing Standards On Less Complex Entities

Nigeria Accounting

M

Forvis Mazars

Social Security Verification Exercises In Nigeria – The Case For A More Seamless Process

Nigeria Employment

KN

KPMG Nigeria

Transfer Pricing In Nigeria: Are You Audit Ready?

Ai

Andersen in Nigeria

Legal Audit As A Crucial Response To The Legal And Financial Uncertainties Faced By Organisations In The 21st Century

Nigeria Accounting

TA

Tope Adebayo LP

Key Highlights Of The Code Of Governance For Not-For-Profit Organisations 2023

Nigeria Commercial

SK

Streamsowers & Kohn

The Federal Reporting Council Of Nigeria Introduces Mandatory Audit Firm Rotation In Public Companies (Joint Audit)

Nigeria Accounting

SA

S.P.A. Ajibade & Co.

A Complete Guide To Setting Up Your Group Of Company In Nigeria

Nigeria Commercial

CL

Charis Legal Practice

Contactless Payments And The Future Of Retail Finance In Nigeria

Nigeria Technology

TA

Tope Adebayo LP

The Electoral Act 2026: Progress, Gaps, And The Legal Landscape For 2027

Nigeria Litigation

OA

Olisa Agbakoba Legal (OAL)

EFCC And Tax Enforcement: What Nigerian Companies Need To Know About Tax Investigations By The EFCC

UU

Udo Udoma & Belo-Osagie

Medical Negligence And Patient Safety In Nigeria: What The Law Says In 2026

Nigeria Healthcare

OA

Olisa Agbakoba Legal (OAL)

Key Highlights Of The CBN's Code Of Corporate Governance Guidelines For Banks And Financial Holding Companies In Nigeria

In 2019, the Financial Reporting Council of Nigeria ("FRCN") revolutionised the scenery of corporate governance in Nigeria with the introduction of the Nigerian Code of Corporate Governance 2018...

Nigeria Commercial

LL

Lexworth Legal Partners

NDPC Releases A Guidance Notice On Filing Of Compliance Audit Returns

The Nigeria Data Protection Commission (NDPC) has recently published a Guidance Notice on the filing of Data Protection Compliance Audit Returns (CAR)

Nigeria Privacy

AO

Aluko & Oyebode

NDPC Issues Guidance Notice For Data Protection Compliance Audit Returns Filing

The Nigeria Data Protection Commission ("NDPC/the Commission") has published a Guidance Notice prescribing the formalities for the data protection compliance audit returns ("CAR") filing...

Nigeria Privacy

T

Templars

An Open Letter To The Executive Chairman Of Federal Inland Revenue Service: Mr. Zacchaeus Adedeji

On Saturday, 2nd December 2023, a wheelbarrow pusher stabbed a government revenue official in Benin City (Edo State) and instantly turned the same knife on himself.

KN

KPMG Nigeria

Compliance With The Nigeria Data Protection Act 2023 (NDPA): Outlook For 2024

Nigeria Privacy

A

Alliance Law Firm

Checklist For Filng Data Protection Compliance Audit Returns In Nigeria

Nigeria Privacy

PL

Pavestones Legal

Auditing Reimagined: Trust And Transparency Through Digital Harmony

Nigeria Technology

M

Forvis Mazars

Recap Of Major Data Privacy And Protection Trends In Nigeria In 2023 & Outlook For 2024

Nigeria Privacy

A

Alliance Law Firm

Guidance On Filing Of Data Protection Compliance Audit Returns In Nigeria

Nigeria Privacy

PL

Pavestones Legal

Guidance Notice On The Filing Of Data Protection Compliance Audit Returns

Nigeria Privacy

SA

S.P.A. Ajibade & Co.

Tax Investigation Exercise – Legal Basis vs Practice.

KN

KPMG Nigeria

Beyond The Wells: A Comprehensive Guide To Auditing Excellence In Nigeria's Energy Frontier

M

Forvis Mazars

Trends In Nigeria's TP Audits And Implications For Taxpayers

Ai

Andersen in Nigeria

The FIRS Issues Guidelines On The Nature And Scope Of Tax Compliance Inquiry Processes

KN

KPMG Nigeria

Tax Investigation Exercise – Legal Basis vs Practice.

The Nigerian tax system is primarily run on self-assessment basis.

KN

KPMG Nigeria

Beyond The Wells: A Comprehensive Guide To Auditing Excellence In Nigeria's Energy Frontier

The Oil and Gas sector is a critical component of Nigeria's economy, and effective auditing is essential for ensuring transparency, compliance, and efficient operations.

M

Forvis Mazars

Trends In Nigeria's TP Audits And Implications For Taxpayers

Transfer Pricing (TP) audits are a key part of the activities of the tax authorities as audits afford them the opportunity to assess the level of taxpayers' compliance to extant TP laws and the arm's length principle.

Ai

Andersen in Nigeria

The FIRS Issues Guidelines On The Nature And Scope Of Tax Compliance Inquiry Processes

The Federal Inland Revenue Service (FIRS) has released guidelines to provide clarity regarding the nature and extent of inquiries related to desk examinations, tax audits, tax investigation...

KN

KPMG Nigeria

Nuggets For Fiscal Policy And Tax Reforms Committee: Reform Federal Tax Administration And System In Nigeria

KN

KPMG Nigeria

Notice Of Extension Of Filing Data Audit Report

Attention all organizations processing personal data in Nigeria! The Nigeria Data Protection Bureau (NDPB) has extended the deadline for filing the 2023 Data Protection audit report to 30th June 2023.

Nigeria Privacy

OA

Olisa Agbakoba Legal (OAL)

FIRS And LIRS Sign MoU On Joint Tax Audit/investigation And Exchange Of Information

On Monday 6 February 2023, the Federal Inland Revenue Service and Lagos Internal Revenue Service signed a Memorandum of Understanding to establish a Joint FIRS and LIRS Audit and Investigation Team.

KN

KPMG Nigeria

Fair Value Measurements: Audit Consideration

Auditing fair value measurements can be daunting due to the high level of uncertainty involved.

Nigeria Accounting

M

Forvis Mazars

Data Protection Compliance - Conducting Annual Data Protection Audits

The Nigeria Data Protection Regulations 2019 requires organisations to conduct a detailed audit of their privacy and data protection practices ...

Nigeria Privacy

UU

Udo Udoma & Belo-Osagie

Data Protection Compliance Organisations

Nigeria Privacy

SK

Streamsowers & Kohn

A Case For Nigeria To Implement Advance Pricing Agreements In 2023

Ai

Andersen in Nigeria

The Roles Of Data Protection Compliance Organizations In Nigeria

Nigeria Privacy

TT

The Trusted Advisors

Transfer Pricing Audits In Nigeria: Key Takeaways For Taxpayers

Ai

Andersen in Nigeria

Going Concern: Financial Reporting And Audit Considerations

Nigeria Accounting

M

Forvis Mazars

Getting Ready For The Implementation Of ISQM 1 In Nigeria (Part 1)

Nigeria Law Performance

M

Forvis Mazars

An Analysis Of Key Developments In 2021 And Their Implications For Nigeria's Transfer Pricing Practice In 2022

KN

KPMG Nigeria

A Review Of Recent Transfer Pricing Developments In Nigeria And The Outlook For 2022

Ai

Andersen in Nigeria

The Electronic Money Transfer Levy – A Brewing Storm

Nigeria Finance

KN

KPMG Nigeria

Implementation Of Internal Control Over Financial Reporting In Nigeria

Nigeria Commercial

Ai

Andersen in Nigeria

Transfer Pricing Audits: Treatment Of Intangibles By The Nigerian Tax Authorities

Ai

Andersen in Nigeria

Sustainability Reporting And The Role Of Internal Audit

Nigeria Accounting

M

Forvis Mazars

Corporate Investigations: To Insource Or Outsource?

Nigeria Commercial

Ai

Andersen in Nigeria

Audit Risks And Key Success Factors For Effective Risk Assessment

Nigeria Accounting

M

Forvis Mazars

Benefit Of The Auditor's Risk Assessment Procedures To Business Growth And Survival

Nigeria Accounting

M

Forvis Mazars

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