There are many lapses in the auditing systems in Nigeria. We need to fix them if we expect to rise as a nation. To do that, we need to go legislative and have reforms on how to structure auditing firms. My recommendation remains: no company can be an advisory firm and also an auditing firm. Advisory and Auditing businesses should be independent companies, not just divisions or units within one company – either you do advisory or you do auditing.  That way we can reduce conflicts I am not an accountant and please bear with me for my perspective on … Continue reading Nigeria Needs Auditing-Only Firms To Reduce Conflicts And Boost Independence