Most Recent Sep 13, 2023
Audit BlogForensic Audits: When and Why Your Business Needs One
In the world of finance and business, accuracy and integrity are paramount. This is where a forensic audit comes into play. But what exactly is ...
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Audit Blog Aug 22, 2023
ISA 300: A Comprehensive Guide to Effective Audit Planning
In the world of auditing, meticulous planning is the cornerstone of success. ISA 300 is the International Standard on Auditing that navigat...
Audit Blog Aug 15, 2023
Navigating the Business Permit Collection Process in Nigeria
Are you an international enterprise aspiring to establish your presence in Nigeria? To embark on your business journey in this nation, obtaining...
Audit Blog Aug 08, 2023
Compliance as a Tool for Risk Management: Safeguarding Your Business in an Evolving Landscape
In an era of rapid technological advancements, globalization, and ever-changing regulatory frameworks, businesses face a growing array of risks ...
Audit Blog Jul 25, 2023
Safeguarding Data Assets: A Proactive Approach to Mitigate Evolving Cybersecurity Risks
In today's technology-driven landscape, data security has emerged as a critical concern for organizations across industries. As cybersecurit...
Audit Blog Jul 03, 2023
Streamlining Tax Filing: Best Practices for Seamless Compliance
As a leading accounting consulting firm trusted by numerous corporate organizations, Stransact Chartered Accountants understands the challenges that come with tax filing
Audit Blog Jun 19, 2023
Unification of Naira Exchange Rates: An Assessment of Potential Economic Impacts
Explore the implications of the unification of Naira exchange rates in Nigeria's forex market. Gain insights into government debt, revenue generation, budget deficits, fuel prices, and capital market dynamics.
Audit Blog Jun 13, 2023
A Critical Analysis of the Student Loan Act: Towards Inclusive Education Financing
Education is a fundamental catalyst for the growth and development of any nation. Recognizing this, President Bola Tinubu took a significant ste...
Audit Blog Jun 09, 2023
Mastering Payroll Management for Business Owners
As a business owner, mastering payroll and implementing effective payroll management strategies are vital components of running a successful organization.
Audit Blog May 31, 2023
Understanding Taxation of Partners and Partnerships in Nigeria
Gain a comprehensive understanding of taxation for partners and partnerships in Nigeria. Learn about the tax implications, obligations, and compliance requirements. Download our free ebook on the "Taxation of Partners and Partnerships" for in-depth insights and ensure your business stays compliant.
Audit Blog May 22, 2023
The Benefits of Organisational Agility: Thriving in a Dynamic Business Landscape
To dive deeper into the world of organisational agility and how it can drive sustainable success, we invite you to download our free ebook resource: "Sustainable Strategy for Organisational Agility" This comprehensive guide will equip you with valuable insights and practical tips, to help you embark on your agility journey.
Audit Blog May 22, 2023
Maximizing Business Profitability: The Power of Effective Tax Planning
Discover the key to long-term business profitability and sustainability. Learn how effective tax planning can minimize tax burdens and maximize your bottom line.
Audit Blog May 11, 2023
Top Cybersecurity Threats Facing Businesses Today and How to Combat Them
As technology continues to advance, so do the methods that cybercriminals use to exploit vulnerabilities in businesses. Cybersecurity threats ar...
Audit Blog May 09, 2023
Unlocking Nigeria's Economic Potential through Effective Tax Collection and Management
Taxation is a crucial component of any economy, and Nigeria is no exception. Effective tax collection and management are essential for generating government revenue and providing crucial public services to citizens.
Audit Blog May 09, 2023
How to Incorporate Lifelong Learning into Your Career: Tips and Strategies for Growth and Development
Education is not simply a means of filling one's mind with information and knowledge, but rather an act of igniting a fire within oneself that fuels a lifelong journey of learning and personal growth.
Audit Blog Apr 28, 2023
Effect of Multiple Taxation on Business Survival in Nigeria
As a professional services firm operating in Nigeria, we have observed with great concern the negative impact of multiple taxation on the surviv...
Audit Blog Apr 18, 2023
Debt vs Equity: Making Informed Financial Decisions for Your Business
Understanding the differences between debt and equity financing is crucial for anyone seeking to start or grow a business. This post provides a clear overview of both.
Audit Blog Apr 18, 2023
How to Prepare for an Audit
Are you a business owner worried about preparing for an audit? Auditing financial documents can be a daunting task, but proper planning and preparation can ensure that your audit goes smoothly and successfully.
Audit Blog Apr 12, 2023
Innovative Problem-Solving: How to Utilize Creativity in Your Strategies
Looking for innovative solutions to complex problems? Check out our article on creative problem solving! Learn the step-by-step process for generating unique ideas, exploring unconventional approaches, and turning challenges into opportunities for growth and innovation.
Audit Blog Jan 27, 2023
From Zero to Profit: Financial Tips for Startup Business Owners
If you own or plan to own launch your startup business, financial advice is crucial. It will not only improve or stabilize your business, ...
Audit Blog Jan 27, 2023
Starting Up: How to know if your business is profitable
Starting a business can be a daunting task, but it can also be incredibly rewarding. Whether you're starting a business because you've been laid off and need to take care of your financial needs, because you're passionate about what you do, or because you want to take control of your own destiny, one thing is clear: the primary purpose of starting a business is to make a profit.
Audit Blog Jan 27, 2023
The Future of Nigeria's Technology Industry: A Look at the Nigeria Startups Act
Learn about the Nigeria Startups Act 2021 and how it aims to support and stimulate the growth of technology-related talents, products, and services in Nigeria.
Audit Blog Jan 27, 2023
Teamwork And Its Impact On Organisational Productivity
The most important factor in the success of any organisation is the teamwork. Workplace culture is often dominated by companies that have a negative impact on productivity, creativity and innovation. Improved collaboration within an organisation can really help combat this situation.
Audit Blog Jan 27, 2023
The Tax Professional of the Future: Building a relevant career
A successful career means something different to everyone. For many, a successful career combines financial stability with their passions or something they enjoy. It's important that there is a good balance between these two factors to achieve happiness. Some people know exactly what they want, while others struggle to figure it out. This is completely normal, and the key to understanding what a successful career means to you includes a degree of introspection.
Audit Blog Jan 27, 2023
Work-Life Balance in the Modern Workplace
Balance is a concept that applies to almost everything we do, consciously or unconsciously. To a significant extent, today's work culture revolves around the concept of balance.
Audit Blog Jan 19, 2023
Partners at Stransact (Chartered Accountants), Charge Nigerian Auditors on Professional Conduct
Partners at Stransact (Chartered Accountants), the correspondent firm in Nigeria for the 6th largest international accounting firm -RSM, have called for adherence to global standards and ethical practices in the conduct of audits in Nigeria. Addressing the media in a recent briefing, the accounting experts encouraged auditors in the country to follow a strict ethical approach in the conduct of their professional duties.
Audit Blog Jan 19, 2023
FIRS Appoints MTN, Airtel and Deposit Money Banks as Collection Agents for VAT Deduction at Source
If you run a business that sells goods or services to MTN, Airtel, or any of the Deposit Money Banks in Nigeria, expect to be paid less the VAT ...
Audit Blog Jan 19, 2023
Why Every Business/Company Needs To Incorporate ESG - The Importance of Environmental, Social, and Governance Standards
The economy is global and the political landscape is ever-changing. As a result, business leaders are putting more focus on their companies’ social, financial, and environmental impact — or ESG — than ever before. This evolving global culture has brought about a new way of doing business, dubbed the “triple bottom line” approach. It differentiates between conventional bottom lines and a broader view of all stakeholders' relationships with stakeholders like employees, customers, local agencies, and even shareholders.
Audit Blog Jan 19, 2023
Why NDPA Compliance is Essential for Your Company’s Survival
Data protection compliance is essential for organizations operating in Nigeria. Compliance with data protection regulations, such as the Nigeria Data Protection Regulation (NDPR) and the National Information Technology Development Agency (NITDA), not only protects sensitive information and personal data, but it also helps organizations avoid costly fines and legal penalties.
Audit Blog Jan 19, 2023
Difference Between Debt and Equity
Every business organization requires capital to meet its long-term and short-term financial needs. To get started, every business needs capital, which can be either owned or borrowed.
Audit Blog Dec 12, 2022
Highlights Of The Money Laundering (Prevention And Prohibition) Act 2022
The Money Laundering (Prevention and Prohibition) Bill, 2022, was signed into law by President Muhammadu Buhari. 1. The Money Laundering (Prohibition) Act 2011 was repealed by the Money Laundering (Prevention and Prohibition) Act 2022 (the "Act") (the "2011 Act").