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Auditing

This is the type of audit required by law. It is a statutory obligation which must be fulfilled at all costs as required by the Companies and Allied Matters Act, 1990 amended in 2004 and 2020. Statutory audit is also required by the public accounts committee Acts of the federal and state legislative assemblies. Hence all companies, parastatals, and corporations are required to carry out periodic audits of their books of accounts usually on annual basis.

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