Now is a time of unprecedented change for corporate taxpayers in Nigeria as the FIRS intensifies its efforts to ensure compliance amongst companies doing business in the country. At YKC we understand the issues and can help clients optimize their structure and comply with legal requirements.
Every organization needs information to make sound and effective decisions to
remain relevant in the business world.
However, this is only possible if data generated is processed into useful
information on a timely basis to generate various performance monitoring
reports such as expense, contribution margin and product line profitability
At YKC, we have a team of highly qualified chartered accountants and other
finance professionals, capable of handling all accounting issues and giving
advice that will add value to your business.
This service will help your organization save the cost of maintaining a large
accounting department as well as the cost of the purchase of IT systems and
We provide a full range of computerized accounting services, book-keeping
services for companies who require a proper and complete set of financial
Accounting on monthly, quarterly or yearly basis
Group consolidation and preparation of annual report
Preparing financial reporting packages for management
Bank and other account reconciliation and audit schedules.
Our services are as follows:
Our audit process is planned with the company’s personnel and our audit team in order to address issues early on. We also perform an in-depth analysis of your organization and its internal controls for the purpose of designing our audit procedure by communicating openly with the clients throughout the year with our specific recommendations. This methodology assists us to perform an efficient and effective audit.
At YKC, we also offer internal audit co-sourcing, resource enhancement, access to specialized skills or full outsourcing, depending on your requirements. With comprehensive understanding of the objectives and priorities of the organization, we work collaboratively with our clients to provide internal audit services. We offer enterprise-wide risk management systems and services that can improve your business operations by reducing the costs, enhancing revenues and managing changes to your business processes.
Companies, public sector bodies and other organizations need to know that
their Accounting systems are working effectively, in order to minimize risks such
as possible loss of assets. That’s why many clients appoint YKC for internal control
and systems reviews.
We provide independent assurance that the internal systems and controls of the organization are adequate, effective and appropriate to the accounting and financial risks of their organization.
We offer services to help in investigation of a business or person prior to signing a contract, or an act requiring a certain standard of care. It can be a legal obligation, but the term will more commonly apply to voluntary investigations. A common example of due diligence in various industries is the process through which a potential acquirer evaluates a target company or its assets for an acquisition. The theory behind due diligence holds that performing this type of investigation contributes significantly to informed decision making by enhancing the amount and quality of information available to decision makers and by ensuring that this information is systematically used to deliberate in a reflexive manner on the decision at hand and all its costs, benefits, and risks.
The investigation is likely to be similar in many ways to an audit of financial information, in that it will include a planning stage, a period when evidence is gathered, a review process, and a report to the client. The purpose of the investigation, in the case of an alleged fraud, would be to discover if a fraud had actually taken place, to identify those involved, to quantify the monetary amount of the fraud (i.e. the financial loss suffered by the client), and to ultimately present findings to the client and potentially to court. YKC help our client through forensic Audit.