Tax Risk Management and Tax Compliance Auditing

Tax Risk Management and Tax Compliance Auditing is a comprehensive professional training programme designed to equip finance professionals, tax practitioners, accountants, auditors, compliance officers, risk managers and business executives with the knowledge and practical skills required to identify tax exposures, manage tax-related risks, strengthen compliance systems and conduct effective tax compliance audits.

Taxation is a critical component of financial management, corporate governance and business sustainability. Organisations operating in today's increasingly regulated business environment must ensure that their tax obligations are accurately calculated, properly documented, correctly reported and paid within the applicable statutory deadlines. Failure to meet these obligations can expose organisations to tax assessments, penalties, interest charges, disputes with tax authorities, cash flow pressures and reputational damage.

Course Objectives

By the end of this training programme, participants will be able to:

• Understand the principles and importance of tax risk management.
• Identify tax exposures arising from financial transactions and business operations.
• Develop practical tax risk assessment frameworks and tax risk registers.
• Understand the relationship between accounting records and tax computations.
• Review tax returns and supporting documentation for completeness and accuracy.
• Identify common tax compliance errors and potential reporting discrepancies.
• Conduct structured tax compliance reviews and internal tax audits.
• Assess tax-related internal controls and recommend improvements.
• Understand relevant Nigerian tax laws, filing requirements and statutory deadlines.
• Strengthen procedures for VAT, withholding tax, corporate income tax and payroll-related tax obligations.
• Identify potential tax underpayments, overpayments and unclaimed credits.
• Improve tax documentation, reconciliation and recordkeeping procedures.
• Prepare for tax authority reviews, audits and information requests.
• Develop appropriate responses to tax queries and assessment notices.
• Manage tax disputes and escalation procedures effectively.
• Establish monitoring systems for changes in tax legislation and regulatory requirements.
• Promote tax governance, accountability and sustainable compliance practices.

Benefits of Attending

Participants will gain practical knowledge and professional skills that can help their organisations improve tax compliance, reduce avoidable exposures and strengthen financial governance.

1. Improved tax risk identification: Learn to identify potential tax liabilities and compliance gaps before they develop into significant financial or regulatory problems.
2. Reduced tax compliance errors: Strengthen procedures for preparing, reviewing and submitting accurate tax returns and supporting schedules.
3. Enhanced tax audit capabilities: Develop a structured approach to reviewing tax computations, testing transactions and documenting compliance findings.
4. Better understanding of Nigerian tax requirements: Improve awareness of applicable tax legislation, administrative procedures, filing obligations and statutory deadlines.
5. Improved financial reporting accuracy: Strengthen reconciliations between accounting records, tax computations, statutory deductions and tax returns.
6. Reduced penalties and interest exposure: Establish monitoring procedures that help prevent late filing, delayed remittances and avoidable reporting errors.
7. Stronger internal controls: Improve approval processes, documentation, independent reviews and accountability across tax-related activities.
8. Better tax documentation: Learn to maintain reliable records that support tax positions, facilitate audits and improve responses to regulatory enquiries.
9. Improved tax audit readiness: Prepare for tax authority reviews by organising relevant records, identifying weaknesses and resolving discrepancies early.
10. More effective tax dispute management: Improve the ability to evaluate assessments, respond to tax queries and coordinate appropriate objection or appeal procedures.
11. Better cash flow management: Improve visibility over tax liabilities, payment schedules, potential exposures and outstanding compliance obligations.
12. Improved tax governance: Establish clearer responsibilities for tax risk ownership, reporting, approval and corrective action.
13. Enhanced use of technology: Apply spreadsheets, reconciliation tools and monitoring dashboards to identify discrepancies and track compliance activities.
14. Improved coordination across departments: Strengthen collaboration between finance, HR, procurement, legal, internal audit and tax functions.
15. Better management decision-making: Provide management with more reliable information on tax exposures, emerging risks and remediation priorities.
16. Professional development: Build competencies relevant to taxation, internal auditing, tax compliance, financial control, corporate risk management and regulatory affairs.

Who Should Attend?

This training programme is designed for professionals responsible for tax administration, financial reporting, tax compliance, internal controls, auditing and regulatory risk management.

It is particularly suitable for:

• Chief Financial Officers (CFOs).
• Finance Directors and Finance Managers.
• Tax Managers and Tax Compliance Officers.
• Tax Consultants and Tax Practitioners.
• Accountants and Chartered Accountants.
• Internal Auditors and Internal Audit Managers.
• External Audit Professionals.
• Risk Managers and Enterprise Risk Analysts.
• Compliance Officers and Regulatory Affairs Professionals.
• Financial Controllers and Management Accountants.
• Treasury Managers and Treasury Officers.
• Payroll Managers and Payroll Administrators.
• Human Resources Managers responsible for payroll tax compliance.
• VAT and Withholding Tax Officers.
• Corporate Tax Analysts.
• Financial Reporting and Accounting Officers.
• Revenue Assurance Professionals.
• Procurement and Contract Management Professionals.
• Legal Advisers and Corporate Counsel involved in tax matters.
• Company Secretaries and Corporate Governance Professionals.
• Business Owners and Managing Directors.
• Chief Operating Officers and Departmental Heads.
• Public-Sector Accountants and Revenue Officers.
• Tax Administration and Revenue Agency Personnel.
• Consultants advising organisations on tax compliance and financial controls.

Course Booking

Please use the "Book Now" or "Inquire" buttons on this page to reserve your space or request for more information