Category Archives: Audit

What is the main objective of a financial statement audit?

Did the auditors sleep on the job? Did they collude with the management? Can we even trust auditors? Ghanaians have been asking such questions ever since the Bank of Ghana withdrew the licenses of five banks. So, to better judge the work of an auditor, you must: Understand the objectives the auditor seeks to achieve. […]

Surviving A Ghana Revenue Authority (GRA) Tax Audit

Every so often, the Ghana Revenue Authority (GRA) may conduct an audit of a taxpayer. And the typical reaction when a taxpayer gets a notice of an audit is anxiety, and sometimes fear. That is perfectly understandable. However, the best way to combat this is preparation. Start by arranging your affairs on an ongoing basis, […]