Comptabilitat a Nigèria

Accounting Rules

Tax Year

From 1 January  to 31 December (calendar year).

Accounting Standards

Nigeria's legal, accounting and regulatory systems are consistent with international standards (NASB SAS / IAS / IFRS);  however, implementation cannot be guaranteed.

Accounting Regulation Bodies

Securities and Exchange Commission
Financial Reporting Council of Nigeria Act

Accounting Reports

A statement of accounts, balance sheet, a profit or loss statement, the auditors' report and management report must be prepared and submitted. Additionally, in the case of a holding company, the group's financial statement must also be prepared.

Publication Requirements

The financial statements must be prepared and submitted to the Corporate Affairs Commission (CAC) annually.

Professional Accountancy Bodies

Institute of Chartered Accountants of Nigeria , Institute of Chartered Accountants of Nigeria
Association of National Acountants of Nigeria , Association of National Acountants of Nigeria

Certification and Auditing

The auditors are appointed at the annual general meeting of a company. Those eligible to be appointed as external auditors are generally Chartered Accountants, members of the Institute of Chartered Accountants of Nigeria (ICAN) or members of the Association of National Accountants of Nigeria (ANAN).

Institute of Internal Auditors ; KPMG Nigeria ; Ernst & Young ; Bamisile Group ; PricewaterhouseCoopers.

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