Audit firms in Nigeria

 https://kpmg.com/ng/en/home/services/audit.html

The Role of Audit and Assurance in Nigeria

Audits play a critical role in providing assurance over financial statements that investors and capital markets rely on. In Nigeria, audit firms are at the forefront of promoting financial transparency and accountability, which helps build trust among stakeholders and supports economic growth.

Independent and High-Quality Audits

Independent financial statement audits are essential for ensuring the accuracy of financial information. Audit firms in Nigeria, such as KPMG, take this responsibility seriously, providing objective, high-quality audits that reinforce confidence in financial data. These audits are crucial for both investors and the broader public, as they ensure that the information used for decision-making is accurate and reliable.

KPMG and other leading audit firms use cutting-edge Data & Analytics (D&A) tools to enhance the audit process. These advanced technologies help auditors gather stronger evidence, gain deeper insights into financial data, and deliver better outcomes for their clients. By incorporating D&A routines into their audits, firms are able to provide a more comprehensive and accurate view of a company’s financial health.

Engaging Stakeholders Through the ‘Value of Audit’ Forum

Auditors are also taking a more proactive role by engaging with stakeholders through forums like KPMG’s ‘Value of Audit.’ This platform allows auditors to understand the expectations of investors and stakeholders, exploring how the audit profession can evolve to better meet the needs of capital markets and society. These engagements ensure that audit firms are aligned with the changing demands of the business landscape.

Driving Innovation and Trust

Audit firms in Nigeria are committed to driving innovation in their field. By embracing new technologies and continuously improving their processes, they play a vital role in maintaining trust within the financial system. This trust is essential for fostering investment, enabling businesses to thrive, and contributing to the overall development of Nigeria’s economy.

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