The Lagos State Internal Revenue Service ((LIRS) has engaged 1200 members of the Chartered Institute of Taxation of Nigeria (CITN) and the Institute of Chartered Accountants of Nigeria (ICAN) as Tax Audit Monitoring Agents (TAMAs).
The purpose of this is to ensure full maximization of its revenue generating potentials, and to quickly commence tax Audit exercise of 2016.
Speaking at a workshop organized for their agent, Executive Chairman of LIRS, Mr. Olufolarin Ogunsanwo implored the TAMAs to demonstrate the highest level of professionalism.
According to Ogunsanwo, “The LIRS carried out a review of the appointment and operational procedure of the TAMAs in order to enhance efficiency in its audit exercise. Their duty would be to collect requisite information during tax audit field exercises, collate, prepare and submit tax audit reports based on the facts gathered for use by the LIRS.”
“We believe you will demonstrate a high sense of responsibility and integrity in this noble assignment in line with international best practices, as we hope to improve the internally generated revenue of the state and ultimately engender a sustained culture of voluntary compliance amongst tax payers in Lagos.
“I have no doubt in my mind that your professionalism will be of tremendous value during this year’s exercise and beyond,” Ogunsanwo said. The revised Tax Audit Manual was also formally presented, which highlights the systematic steps of auditing as well as ethical standards and codes in line with international best practice.
