Legal and Compliance

Our Compliance Department is a leading regulatory consultancy unit that provides top notch legal advisory services to organisations in both the public and private sectors. Our team of seasoned professionals has the regulatory expertise and the ability to communicate effectively with the regulatory bodies to achieve the best outcome for our clients wherever this is required. We have a team of experienced lawyers who adhere to the highest professional and ethical standards. Our team of experts is constantly scanning the horizon for new regulations and potential changes in regulations that may affect the various business sectors in the economy.

The National Code of Corporate Governance, SEC Code of Corporate Governance for Public Companies and sector specific codes have mandated that there be an annual performance appraisal of the Boards of Companies as a formal method of facilitating organisational growth and development in line with international best practices.

In carrying out our assessment, our team of experts uses an approach that is tailored towards ensuring investors’ confidence, corporate success, economic growth and effective communication in every organisation which will guarantee maximum results and add value to the Directors and the organisation as a whole.

At SIAO, we offer an extensive and effective range of Company Secretarial Services that are aimed at ensuring that companies are run legally and ethically. Our global outlook and deep understanding of the legal framework for corporate organisations allows us to effectively support the board and incorporate guidance to ensure that all board activities are in line with international best practices and regulatory standards. Our services include but not limited to; scheduling meetings, taking minutes and record keeping, maintaining the register of Directors and Shareholders, and statutory filings.

Regulatory Compliance is beyond knowing and understanding the legislation and the regulatory framework that applies to a business. It involves being able to demonstrate that the business and its entities adhere to these regulations and are in compliance at all times. That means keeping records of checks, having policies and procedures around the legislation, having specific people take responsibility for compliance, and retaining evidence that a compliance check/ audit is conducted from time-to-time to close gaps and avoid risks.

Our role involves working together with you to measure compliance, ensure your operations work like clockwork, and your organisation is legally able to operate in every jurisdiction and within the legal framework of your industry.

To ensure that your organisation gets the very best, we see ourselves as an extension of your resources, supporting and complementing you by undertaking special assignments whenever the need arises. These assignments are tailored to meet specific needs of organisations.

Our services include, but not limited to the following;

  • Conducting Legal due diligence by focusing on key documentation of the target entity, contractual relations, management contracts, pending litigations and the impact these litigations may have on the profitability of the acquirer’s investment.
  • Forensic Audit by appraising financial losses resulting from fraud and prejudicial acts,
  • Disability in line with the Discrimination Against Persons with Disabilities (Prohibition) Act
  • Preparation of expert opinions and second opinions,
  • Fraud investigations, including review of internal controls.
  • Immigration
  • Registration with Regulatory Agencies.

FREQUENTLY ASKED QUESTIONS (FAQ)

an effective compliance system is built upon a sound legal foundation. The legal aspect of compliance identifies and describes the legal framework that applies to a business entity while a compliance system is set up to develop controls, policies, procedures, and system to ensure that the business entity operates within the confines of the legal and regulatory framework.

The dynamic nature of laws and regulations that is predicated upon the dynamic nature of the society and business environment creates a complex business environment puts immediate pressure on corporations and business enterprises to constantly conform to regulatory requirements. Hence, when there are new regulatory requirements and obligations, business enterprises may appear to be reluctant in effecting the necessary changes. However, adopting a regular compliance check and audit is an effective strategy for keeping up with regulatory changes.

Compliance is often considered on two levels; internal and external. External compliance relates to government imposed laws and government ministries, departments and agencies regulation. On the other hand, Internal compliance relates to a system of internal controls, ethics, standards and code of conducts developed internally by the organisation to aid compliance with the external rules. Thus, a complete regulatory compliance requires a robust internal control system that tracks the external regulatory requirements.

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SIAO

SIAO is an independent Nigerian professional services firm, providing Audit & Assurance, Accounting, Tax, International Financial Reporting Standards Advisory, Human Resource, and Financial Advisory Services.

OUR SERVICES
CONTACT SIAO
ABUJA OFFICE

BOI House,
Plot 256, Zone A
Off Herbert Macaulay Way
Behind Unity Bank Building
Central Business District
Abuja

Tel: +23492912462,
Tel: +23492912463

CONTACT SIAO
LAGOS OFFICE

18b Olu Holloway Road,
(Former Temple Road),
Off Kingsway Road,
Ikoyi,
Lagos.

Tel- +234(802)1810043