Taoreed AZEEZ & CO

Taoreed AZEEZ & CO Contact information, map and directions, contact form, opening hours, services, ratings, photos, videos and announcements from Taoreed AZEEZ & CO, Tax preparation service, Flat 1, LSDPC Estate, IJAIYE, OJOKORO, LAGOS, Lagos.

A firm of chartered accountants that offer services in the area of: Accountancy/ Auditing & Assurance/Tax Consultancy/Financial Statement/Secretarial activities/ Compliance/ Management Consultancy / Risk Management/ I.C.F.R.

I AM PLEADING ON BEHALF OF AUDITORS Dear Non-Auditors,Let me share something many people misunderstand about auditors.Wh...
15/05/2026

I AM PLEADING ON BEHALF OF AUDITORS

Dear Non-Auditors,

Let me share something many people misunderstand about auditors.

When we ask for documents, evidence, approvals, invoices, receipts, or records, it is not because we believe someone has done something wrong.

It is because our job requires proof, not assumptions.

And sometimes, that small difference changes everything.

You see, in the normal flow of work, people operate on trust.

Someone says, “Yes, the payment was approved.”
Someone says, “Yes, the goods were delivered.”
Someone says, “Yes, the money was spent for office purposes.”

In everyday conversations, that is enough.

But in the world of auditing, words are not evidence.

And that is where the misunderstanding often comes.

Picture this.

An auditor walks into your office and politely asks:

"Can you please provide the approval document for this transaction?"

Immediately, the room becomes quiet.

Someone sighs.
Someone rolls their eyes.
Someone says, “We already explained this last week.”

And sometimes the classic line appears:

"We cannot find the document, but we promise everything was done properly."

Trust me, auditors understand that situations like this happen. Documents get misplaced. People move offices. Files get buried in emails.

We are human too.

But there is one reality we cannot escape.

An undocumented transaction is a risk to the organization.

Auditing is not about suspicion.

It is about protection.

Documentation protects:

• the employee who performed the task
• the manager who approved it
• the finance team who processed it
• the organization that funded it

Because when something is properly documented, no one has to rely on memory, explanations, or assumptions.

The facts speak for themselves.

A signed approval tells a clear story.
A delivery note confirms movement of goods.
An invoice explains the purpose of the payment.

Documentation removes doubt.

Many people say:

"But you trust us, right?"

Of course auditors trust people.

But professional responsibility requires something more reliable than trust.

Because one day, someone else may ask the same question.

It might be:

• external auditors
• regulators
• senior management
• investigators

And when that moment comes, the question will not be:

"Did someone say this happened?

The question will be:

“Where is the evidence?”

Most auditors are not searching for problems.

They are searching for assurance.

Assurance that:

• the organization’s resources are protected
• transactions are legitimate
• approvals were obtained
• policies were followed

And the only way to provide that assurance is through proper documentation.

The next time an auditor politely asks for a document, a receipt, an approval, or a report, remember this:

They are not trying to slow down your work.
They are not trying to question your integrity.
They are not trying to make life difficult.

They are simply doing the quiet work of protecting the organization and everyone in it.

Because in auditing, one simple truth always remains.

If it is not documented, it becomes very difficult to defend.

PLEASE HELP US 🙏 😊

13/02/2026

Behind Every Balanced Account Is an Unbalanced Level of Discipline.

People see the suit.
They see the calculator.
They see the confidence.

What they don’t see?
• The late nights reconciling figures that won’t agree
• The discipline to question every inconsistency
• The courage to say, “This doesn’t look right”
• The responsibility of protecting financial integrity
As a finance professional, I’ve learned that numbers don’t lie — but they do tell stories.

Stories of:
📊 Growth
📉 Risk
📌 Weak controls
💡 Hidden opportunities

Whether it's tax planning, audit review, compliance checks, or financial reporting — the real job isn’t just about calculations, It’s about clarity, accountability, and trust.

In a world where many focus on revenue, I focus on structure, Because when the structure is strong, growth becomes sustainable.
Here’s to building systems that work — not just figures that look good.

A firm of chartered accountants that offer services in the area of: Accountancy/ Auditing & Assurance/Tax Consultancy/Financial Statement/Secretarial activities/ Compliance/ Management Consultancy / Risk Management/ I.C.F.R.

11/02/2026

FIRS IS NOT YOUR ENEMY—YOUR DISORGANIZATION IS.

We’ve all heard the stories. A tax audit happens, and suddenly everyone is running around looking for receipts from three years ago that have faded to white paper.

In Nigeria, "I lost the invoice" is not a valid defense. When you have the right software, every expense is tracked, every VAT is calculated, and every receipt is digitized. You don't have to fear an audit when your records are perfect, because you can always reproduce receipts and invoices as many times as possible, even years later.

At The Bookkeepers we help you set up software that automates your tax compliance.

I myself will teach you how to generate reports that make auditors smile and leave you in peace.

Don't wait for a penalty. Get organized today.
Send a DM today or check the comments to see how to reach us on Whatsapp.

For your business success, we support you.

Taoreed Azeez & Co.
Chartered Accountants
08032516587 08120335071
[email protected]
&Co.

A firm of chartered accountants that offer services in the area of: Accountancy/ Auditing & Assurance/Tax Consultancy/Financial Statement/Secretarial activities/ Compliance/ Management Consultancy / Risk Management/ I.C.F.R.

01/01/2026
The implementation begins in less than 24 hours. Please, be guided.This new tax system is NOT saying:‎‎“Don’t make money...
31/12/2025

The implementation begins in less than 24 hours. Please, be guided.

This new tax system is NOT saying:

‎“Don’t make money.”

‎It is saying:

‎Structure your income
‎Separate business from personal
‎Keep records
‎Declare correctly
‎Understand allowable expenses
‎Don’t lie to yourself
‎Don’t live big and declare small

For your effective Tax planning and administration, Book- Keeping and Accounting, Auditing and Assurance, Registration and Incorporation with CAC, Please contact below:

Taoreed Azeez & Co.
( Chartered Accountants)

08032516587/ 08120335071

[email protected]
Suite 2, Asoso Petroleum Station, Oja- Agbe, Iseyin, Oyo State.

A Festive Pause as the Year Concludes.As the year draws to a close, we take a gentle pause. While our physical offices e...
18/12/2025

A Festive Pause as the Year Concludes.

As the year draws to a close, we take a gentle pause. While our physical offices enjoy a short break, our dedication to serving you continues unwaveringly through our virtual/social media channels.

Thank you for being part of the TAC journey this year. May this season bring you warmth, rest, and renewed hope for the year ahead.

Season's Greetings from TAC.

12/12/2025

AUDITING OF AN NGO/NON-PROFIT

1. PLAN THE AUDIT

a. Understand the NGO’s Structure

▪️Types of funding: donor grants, public donations, government subventions
▪️What's their key activities: humanitarian aid, education, advocacy, etc.
▪️What's their governance structure: Board of Trustees, Executive Director, Finance team

b. Define The Audit Objectives

Why are you conducting the audit? What do you hope to achieve at the end of the day? Is it:

▪️Accuracy and fairness of financial statements
▪️Compliance with donor terms and legal obligations
▪️Proper use of restricted and unrestricted funds
▪️Effectiveness of internal controls
▪️Detection of fraud, waste, or misappropriation

c. Gather Key Documents

▪️Financial statements (income & expenditure, balance sheet)
▪️Donor agreements & grant contracts
▪️Budget vs actual reports
▪️Chart of accounts
▪️Payroll records
▪️Procurement files
▪️NGO registration documents and tax certificates

2. FIELDWORK: CONDUCTING THE AUDIT

a. Review Income and Funding

▪️Reconcile donations and grants with bank deposits and ledgers
▪️Check compliance with donor restrictions (how the money was used)
▪️Confirm the classification of funds: restricted vs unrestricted

b. Expense Audit

▪️Verify expenditures are supported by vouchers, receipts, approvals
▪️Check consistency with budgeted items
▪️Review large or unusual payments for approval and justification
c. Internal Controls Review
▪️Is there segregation of duties in finance and procurement?
▪️Are there proper authorizations for expenses?
▪️How is petty cash handled and replenished?
▪️Are donor reports prepared and submitted correctly?

d. Bank and Cash Review

▪️Perform bank reconciliations
▪️Review cashbooks and petty cash records
▪️Verify that all cash donations are recorded and banked
e. Procurement and Asset Management
▪️Review bidding and vendor selection processes
▪️Check for favoritism or conflict of interest
▪️Verify assets exist and are tagged (computers, vehicles, etc.)

f. Payroll and HR Review

▪️Confirm staff listed are actual employees
▪️Check salary structure, timesheets, and statutory deductions
▪️Verify if payroll complies with donor budget allocations
g. Compliance Check
▪️NGO regulatory body filing status
▪️Tax clearance and remittance (where applicable)
▪️Reporting to funding agencies

3. REPORTING

Structure of Audit Report:

▪️Executive Summary
▪️Scope and Objectives
▪️Audit Findings
▪️Misuse of funds
▪️Non-compliance with donor requirements
▪️Weak internal controls
▪️Missing documentation
▪️Recommendations
▪️Management Responses
▪️Auditor's Opinion

4. FOLLOW-UP

Share findings with the Board and donors
Agree on corrective actions
Monitor implementation through follow-up audits.

Let us know what area of our services you need.

Taoreed Azeez & Co.
(Chartered Accountants)
08032516587 08120335071
[email protected]

EXPECTATIONS OF EVERY EMPLOYER FROM HER ACCOUNTANT 1. ACCURACY Precise recording of financial transactionsError-free fin...
10/12/2025

EXPECTATIONS OF EVERY EMPLOYER FROM HER ACCOUNTANT

1. ACCURACY

Precise recording of financial transactions
Error-free financial statements and reports
Proper reconciliation of accounts

2. INTEGRITY and CONFIDENTIALITY

Honesty and ethical conduct in all dealings
Keeping financial information strictly confidential
Avoiding conflicts of interest

3. TIMELINESS

Prompt preparation of reports (e.g., monthly, quarterly, yearly)
Timely filing of tax returns and regulatory reports
Meeting deadlines for payroll and supplier payments

4. TAX COMPLIANCE

Proper calculation of taxes (e.g., VAT, PAYE, CIT, WHT)
Timely payment and filing of tax obligations
Keeping up with changes in tax laws and advising management accordingly

5. COST CONTROL & FINANCIAL ADVICE

Advising on cost-saving opportunities
Preparing budgets and forecasts
Helping with financial planning and sustainability

6. CASH FLOW MANAGEMENT

Monitoring receivables and payables
Ensuring the business doesn’t run into liquidity problems
Advising on credit control and collections

7. PROFICIENCY in ACCOUNTING SOFTWARE

Skilled in using accounting tools (e.g., QuickBooks, Sage, Zoho Books, Xero)
Ensuring proper setup of financial systems and automation

8. FINANCIAL REPORTING and ANALYSIS

Providing understandable financial reports for decision-making
Explaining financial results to non-finance stakeholders
Preparing reports for investors or lenders when required

9. INTERNAL CONTROLS & FRAUD PREVENTION

Setting up proper systems to prevent theft and fraud
Recommending processes that protect the company’s assets
Conducting internal checks or audits

10. REGULATORY COMPLIANCE

Ensuring compliance with company laws (e.g., CAC filings)
Advising on labor-related financial compliance (e.g., pensions, insurance)

11. PROFESSIONAL DEVELOPMENT

Keeping up-to-date with current accounting standards
Pursuing professional growth (e.g., ICAN, ACCA, CPA etc.)

12. COMMUNICATION SKILLS

Explaining complex financial concepts simply
Working well with other departments (sales, HR, etc.)
Reporting clearly to management

13. SUPPORT for GROWTH

Advising on financial viability of expansion or new projects
Helping with funding applications (e.g., loan projections, grant reports)
Providing insights on improving profitability

Your employer does not just expect debit and credit from you, he also expects that you explain to him what the figures in the financial statements mean, what they represent and the effect it has on his business.

He expects you to be accurate, honest, proactive, tech-savvy, and business-minded, not just someone who “records figures,” but someone who helps the business grow, save money, and prevents losses.

Do you need an accounting software to digitized your organization?

Send a DM to us via:

Taoreed Azeez & Co.
(Chartered Accountants)
08032516587 08120335071
[email protected]

HOW TO GET THE CULPRIT TO CONFESS IN A FRAUD INVESTIGATION Getting a culprit to confess in a fraud investigation is not ...
04/12/2025

HOW TO GET THE CULPRIT TO CONFESS IN A FRAUD INVESTIGATION

Getting a culprit to confess in a fraud investigation is not easy, because sometimes the fraud process has been carefully arranged so they do not get caught.

So getting a confession requires strategy, preparation, and psychological understanding.

A thief is not weak minded, so they won't easily bulge. So here's how to lead them into admitting to what they have done.

1. Gather Strong Evidence First

Before confronting the suspect, gather all available evidence such as documents, emails, CCTV, witness statements, audit trails etc.

Know the full picture so you can anticipate lies or denial. Because even in the face of clean evidence, the hardened ones can still lie.
The suspect should feel that denial is pointless.

2. Choose the Right Setting

Conduct the interview in private, controlled, and neutral locations (e.g., office conference room).

Remove distractions. It should feel serious but not hostile. Remember those police interrogation scenes you see in movies right?
Yes that type.

3. Build Rapport First

Start the conversation non-accusatory to lower their defenses. People confess more easily to those they feel comfortable with.
Example: “We’re just here to clarify some issues in the records.”

4. Use the Accusation Gradually (The Reid Technique)

Don’t start by shouting “You stole the money!”
Use indirect confrontation first: for example,
“We have found discrepancies in the accounts, and we believe you may know something about it.”

When they begin to squirm, present specific facts.

Lead with certainty:
“The audit shows that the missing ₦5 million was transferred from your account.”

5. Offer a Moral Excuse (Minimization Technique)

Help them justify their actions:

“A lot of people in your position might have done the same under pressure…” “We understand things have been tough recently…”
This lowers their emotional resistance and makes confession easier. They suddenly feel like you'd understand why they did what they did.

6. Present the Evidence Piece by Piece
Start general, then reveal the strongest evidence last (saving the ‘smoking gun’ for later in the conversation).

If they lie, don’t argue, just calmly correct with facts.

7. Ask Open-Ended Questions

Example:
“Can you help me understand how this happened?”

“What was going through your mind when you made that decision?”

8. Leverage Silence

After presenting evidence or asking difficult questions, stay silent.

Silence is psychologically uncomfortable many suspects confess just to break it.

9. Offer the Benefit of Cooperation

Examples:
“The earlier you tell the truth, the better it will be for you.”

“Cooperating will show that you’re taking responsibility.”

Do NOT promise legal immunity unless advised by legal counsel. What I mean is, don't tell them that if they confess, they won't be prosecuted or won't serve jail term.

10. Document the Confession Properly

Record or write down and have them sign it.
Avoid ambiguous language. Ensure they admit to what they did, how, and why to avoid twisting words in court.

Should you need our service in Book-keeping & Accounting, External Audit, Bank charges Audit, ICFR Compliance, Tax mgt/Advisory, Secretarial matter like C.A.C registration, management Consultancy like Organization Structure establishment & development. etc. kindly reach out to:

— Taoreed Azeez & Co.
(Chartered Accountants)
08032516587. 08120335071
[email protected]

Address

Flat 1, LSDPC Estate, IJAIYE, OJOKORO, LAGOS
Lagos

Website

Alerts

Be the first to know and let us send you an email when Taoreed AZEEZ & CO posts news and promotions. Your email address will not be used for any other purpose, and you can unsubscribe at any time.

Share