Compliance with the Laws and Regulations
Compliance with the laws and regulations (i.e. Income Tax Act, NSSF/PPF Act, VAT Act) and applicable procurement rules and regulation stipulated in the funding agreement.
- Verify whether statutory deductions (i.e. PAYE tax, NSSF/PPF contribution) have been calculated in accordance with the requirements of Income tax Act and have been timely remitted to the respective authorities;
- Verify that the organization has complied with the respective provisions of Income Tax Act applicable to Non-Governmental Organizations; and
- Crosscheck the accounting entries for statutory deduction including accrued payments in the books of accounts