Generally, to carry out an independent appraisal of the effectiveness of the policies, procedures and standards by which the Group’s financial, physical and information resources are managed. To ensure strict adherence to internal policies and procedures, controls, regulations and safeguarding of Group’s assets. Specific responsibilities include:
PAYE Tax Audit inspection and investigation.
Computation of PAYE, withholding Tax and Vat liabilities for clients
Reconciliation of tax liabilities of clients with relevant Tax Authorities
Debt Recovery operation
Participated in the Accelerated Revenue Generation Programmes of Lagos and Ogun States from 1995 to 1998. Please, see the attached list of Tax Audit assignments.
Vouching of transactions to ledger.
Audit inspection and investigation
Cash survey and cash reconciliation
Stock counting and stock reconciliation
Bank reconciliation statements.
Debtors and creditors schedules.
Internal Audit reports
Verification of assets and liabilities
Trial balance, rent, fixed assets and investment schedules.
Assigning, supervision and reviewing works of subordinates.
Review, evaluation and documentation of systems of internal control.
Highlighting areas of weakness in the internal control systems.
Advising clients on the adequacy or otherwise of the systems of internal control.
Planning of various audit assignments.
Reporting of weekly activities to the Managing Partner. Please, see the attached list of Internal Audit assignments.