Auditing firms cannot be over-emphasized in the business world. They are important to give credence to a company’s financial statement and also help the company to make better financial decisions. There are varieties of companies that render auditing services and in Nigeria, they exist many auditing firms operating within the company’s corporate and business world.
Auditing is very necessary for many companies and businesses both large and small alike. This is so that all financial activities of a company are properly investigated and reported appropriately to prevent inefficiencies and ensure that most companies and businesses follow properly the documented system of recording transactions to ascertain the accuracy of financial statements provided by an organization.
This is where audit firms, also known as tax advisory companies come in to ensure that many businesses thrive at costs that are not overinflated and that their accounts are properly balanced to reflect appropriately the real financial status of these organizations or businesses
Auditing firms in Nigeria and worldwide usually carry out these functions that help in the smooth running of businesses.
However, there are many auditing firms in Nigeria today but here are some top auditing firms recognized in Nigeria for their quality of services and international standing as well.
1. Price Waterhouse Coopers Inc. (PwC) Nigeria
Operating in Nigeria since 1953 through its predecessor firms of Coopers & Lybrand and Price Waterhouse, PwC is a network of firms in 157 countries with over 276,000 people. The firm ranks as the second largest professional services firm in the world and it renders assurance, advisory, tax advisory, tax controversy, strategy consulting, data & analytics, management consulting, financial advisory, actuarial and legal services.
It is committed to serving as a force for integrity, good sense, and wise solutions to the problems facing businesses and the capital markets. Among the 11 listed banks on the Nigerian bourse, PwC topped as the highest auditor in terms of the amount received.
2. Deloitte Nigeria
As the oldest indigenous auditing firm in Nigeria, Deloitte is regarded as one of the top auditing companies delivering stellar auditing services to various companies of varying sizes and individuals.
It is Nigeria’s oldest indigenous accounting firm and the Deloitte Touché Tohmatsu Limited (DTTL) member firm in Nigeria was established in 1952 by Akintola Williams, regarded as the first African to qualify as a chartered accountant. It has been offering finance and accounting services to businesses that are growing or evolving for quite a long time so much that they have become a household name.
3. KPMG Nigeria
The acronym KPMG well stands for “Klynveld Peat Marwick Goerdeler”, a name that was chosen in 1987 when the two companies, Klynveld and Marwick, merged.
When it comes to choosing one of the largest auditing firms in Nigeria reputable for providing tax, risk, financial and business advisory, internal and corporate audit services, you can’t omit KPMG.
4. Ernst and Young (EY) Nigeria
It is a robust auditing firm in Nigeria offering a wide range of services such as audit, assurance, tax, financial, and business advisory services. These render these services and more to government, real estate, entertainment, mining and telecommunication, automotive, and technology industries.
5. Grant Thornton Nigeria
Based on revenue, Grant Thornton is the world’s seventh-largest professional services network of independent accounting and consulting member firms. It is notable for providing audit, tax, and assurance advisory services to different government and non-governmental institutions in Nigeria.
Grant Thornton and its member firms is a separate legal entity. Its services are delivered by member firms.
6. McKinsey & Company Nigeria
One of the top auditing firms in Nigeria is McKinsey. Established in 2002, the company has contributed immensely to the economic growth of Nigeria through deploring cutting-edge technologies to help various companies achieve sustainable innovations and performance. As a global management consulting firm in Nigeria, McKinsey & Company helps government and non-governmental institutions scale-up performance and achieve their goals.
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