Resume
the firm:
Taiwo Adeniji & Co. [“the Firm”] is a medium sized indigenous firms of auditors and Chartered Accountants, Information and Communication Technology Consultancies, Management Consultancies, Tax Consultancies and Company Secretaries. Our Partner and Staff are well trained with vast experiences in various sectors of the economy.
Our Philosophy has been to develop to cater for our clients’ needs whenever required, but not to grow for the sake of size alone. Our growth has been organic and we have never been involved in a major merger. As a firm we are small enough to provide a personal service but large enough to have available specialist expertise in all areas.
Our internal structure, with a high ratio of partners to staff, enables clients to benefit from quick partner response, with fully briefed back-up partners and senior managers always available in the absence of the main contact partner.
The aim of Taiwo Adeniji & Co. is to provide comprehensive services to clients globally, through the development and maintenance of a cohesive network that operates to the same high standards of professionalism and value.
Partners’ Name: Miss Taiwo A. Adeniji.
Details of Firm staff and number of qualified employees:
Number of Qualified Accountants 3
Number of Trainee Accountant 5
Number of Support Employees 3
Taiwo A. Adeniji (Audit Lead Partner)
Services:
A. accounting
Our firm renders assistance to its clients regarding accounting matters. These include but are not limited to:
· General accounting and book keeping
· Setting up of accounting and internal control system, backed up by comprehensive and easy to use manuals.
· System reviews and implementation.
· Development of accounting policies in consonance with standard accounting practice and legislation.
· Preparation of financial statements
· Analysis of information system including budgetary control, Cash flow and profit forecast.
· Financial management/preparation of proposal for financial assistance
· Implantation of Application packages.
B. AUDIT
Our primary objective is to provide an audit opinion on your financial statement. But, at the same time, we understand the need to provide assurance on the standard of your business controls and also provide advice on helping your business develop. We will focus on your business development issues by involving the most experienced members of our audit team right from the start.
The main elements of our audit approach are set below.
Assignment instructions we have carefully developed our approach to starting new assignment. We understand that a change of auditors can cause disruption to your management team and accounting staff. We therefore use proven management techniques, including:
· The use of experienced senior personnel in key positions.
· Detailed review of proposed audit an accounting timetable to ensure they are achievable.
· Effective documentation of your systems ensuring that our audit is based on a thorough understanding of the way you work.
Partner-led service
The most important element of Partner-led auditing is our discussions with you to identify your expectations from the audit and to understand your key business and control issues. This will ensure the key risks are identified and dealt with from the start. We will produce a planning memorandum, which set out the audit timetable, the responsibilities of all parties involved in the audit and the management latter process. Our audit service will also seek to help you further develop your business. As well as attending audit reporting meetings, we can, if requested, arrange additional meetings outside the non-audit process to discuss industry issues and accounting development.
Audit technology
Our automated audit software allows us to deliver our audit service cost-effectively, without compromising on standards. It provides our team with time to focus on business issues, rather than administration, thus enhancing efficiency.
Value Added Reviews:
We shall also carry out value-added reviews such as “Enterprise
Enterprises Governance
Enterprise Governance is defined as “the set of responsibilities and practices exercised by the board and executive management with the goal of providing strategic direction, ensuring that objective are achieved, ascertaining that risks are managed appropriately and verify that the organization’s resources are used responsibly”
C. Taxation
The proper interpretation and correct application of various fiscal legislations is a highly specialized field by itself. Many clients in recent times have become more aware and as such require service in this direction than ever before. We offer tax advice to individual and corporate clients. These include such areas as personal Income Tax, Companies Income Tax, Capital Gain Tax and Petroleum Profit Tax etc.
We also carry out the compliance aspect of taxation by assisting clients to prepare returns and agree the eventual tax liability with the reluctant tax authority. The firm has and maintains good relationship with the revenue officials and this in no small way expedites the prompt issuance of Tax Clearance Certificate, which is required by all business.
Since we live in a dynamic environment, changes in tax laws are often features we cannot avoid. With our closeness to our clients, we are able to make them aware promptly the implications of various government policies.
D. DEBT RECOVERY SERVICES
We are dedicated to increasing the rate of recovery for our clients in a professional manner, preserving our client's image and our reputation in our industry. We have clients in various classifications. Our excellent reputation is seen positively in the value of service we render as highlighted below:
· Debt Recovery/Collection
· Credit Reporting
· Credit risk Management
E. Acceptance certificate
For the purpose of granting Capital Allowance by the Federal Board of Inland Revenue, major asserts purchased by a company are to be registered and a certificate obtained from the Federal Ministry. This is a specialised field that must be handled by competent professionals.
F. companies statutory secretary services
As our statutory report on the audit of the company incorporated under the Company and Allied Matters Act 1990 has to include a positive or negative statement regarding compliance with the requirements of the Act, we are obliged to ensure that the statutory secretarial affairs of the company are up-to-date. Precisely, that:
· the prescribes procedures for the corporation of a company under law is fully complied with;
· all relevant statutory books and registers are kept;
· minutes of board meetings are promptly developed, approved at subsequent board meetings and included in the minutes book;
· the company’s seal is securely kept to prevent its improper use; and
· Annual general meetings are held promptly as and when due.
For the foregoing reason, we provide statutory secretarial advisory services to those of our audit clients that require such services either on a permanent (retainer) or as and when needed.
G. consultancy
We review projects, determine problem areas and also go on to design solutions as well as implement them depending on the level to which the clients would want us to be involved.
We are versatile in the planning and handling of the following specialised jobs:
Information and Communication Technology Consulting
- E-business
- ERP Software implementation
- Software Development
- Network design and Security
- Information systems strategy planning
- Industry – specific applications implementation
- Outsourcing
Business Financial Management
Effectively monitor projects for spending value. In addition accountable to ensuring that all investment proposals appropriately reflect economics and financial implications and all material risk inherent and potential mitigates are appropriately disclosed.- Supporting SOX 404 documentation, communication & process evidence
- Variance analysis & commentary on business performance
- Directing all aspects of accounting operations in accordance with policies & responsible for performance of direct reports for project accounting, accounts receivable.
- Directing the accurate preparation & timely reporting of financial & cost management forecasts, plans, models, budgets, & statements
- Ensuring accurate analysis, interpretation & presentation of accounting data
Business Performance
- Business process re-engineering
- Market research
- Marketing branding strategy formulation
Accounting Advisory
- Accounting services
- Forensic audit
- Contract internal audit
- Investigation into specific area of business
- Review, design and implementation of accounting system, stock Control, Office organization and methods
- Profitability studies
- Development and documentation of accounting/procedures manuals.
Human Resources Consulting
· Training
· Change management
· Performance management
· Job profiling and matching
· Remuneration management
· Recruitment Services.
NGO’s and Donor Organisation Consulting
Pre-grant review and enquiry
· Due diligence reporting
· Preparation of private placement memorandum
· Corporate and financial planning
· Capital restructuring
· Feasibility studies
· Financial advisory
· Merger and Acquisition
Corporate recovery
- Proposal benchmarking
- Project monitoring and evaluation.
- Debt recovery services.
Contact details:
Main contact: Taiwo Adetoun Adeniji,
Managing Partner/CEO
Lagos, Nigeria.
Email: taiwo@tadeniji.com.
Web Address: www.tadeniji.com
Web Address: www.tadeniji.com
Major transactions
1. Isajo Ventures
2. U-PAY Limited
3. Brioni Energy Resources Limited
4. Pasadena Exploration & Production Limited
5. Moriyez Limited6. Architrave Limited
Partner of the firm
TAIWO ADENIJI HND (Accounting), ACA. (MANAGING partner/ceo): qualified as a chartered Accountant (ICAN) in 1991 and worked as accountant/auditor in virtually all sectors of the Nigerian Industry.
Apart from her rich audit, tax consultancy, financial management background, Taiwo worked at various times as Client Financial Management Specialist at Accenture, Account Manager Hygeia and Audit Senior Ernst & Young respectively amongst others. Languages: English and Yoruba.
