Our Public Sector practice provides specialized audit, advisory, and consulting services to government agencies, parastatals, local authorities, and public institutions. We bring deep understanding of public sector regulations, fiscal management frameworks, and governance requirements to help you enhance transparency, accountability, and service delivery to citizens.
- Our Mission
We promote responsible stewardship of public resources through comprehensive audits, rigorous financial oversight, and transparent reporting that builds public trust and confidence in government institutions.
We ensure full adherence to public sector financial regulations, treasury circulars, procurement laws, and international public sector accounting standards, protecting institutions from regulatory sanctions and reputational damage.
We strengthen the capabilities of public sector institutions through training, systems development, and knowledge transfer, enabling sustainable improvements in financial management and operational effectiveness.
- Our Capabilities
Tailoring plans using listed capabilities
Public Sector Audits and Assurance
We conduct comprehensive statutory audits of government ministries, departments, agencies, parastatals, local government councils, and state-owned enterprises in accordance with International Standards on Auditing and International Public Sector Accounting Standards (IPSAS). Our audit approach examines the accuracy and completeness of financial statements, tests compliance with relevant laws and regulations, evaluates internal control systems, and assesses value for money in the utilization of public funds. We conduct detailed testing of revenue collection mechanisms, expenditure authorization and payment processes, asset management practices, and debt management procedures. Our auditors review budget preparation and execution, assess financial reporting quality, examine treasury operations, and evaluate the effectiveness of financial management information systems. Through our rigorous audit procedures, we provide assurance reports that include unqualified or qualified audit opinions, detailed management letters highlighting control weaknesses and improvement recommendations, compliance reports on adherence to financial regulations, and value-for-money assessment findings.
Budget Preparation and Execution Support
We assist public sector entities in developing comprehensive budgets that align with strategic priorities, policy objectives, and available resources. Our budget support services include analyzing historical expenditure patterns, forecasting revenue streams, determining optimal resource allocation across departments and programs, and ensuring compliance with medium-term expenditure frameworks. We help establish budget monitoring mechanisms, develop variance analysis procedures, implement budget performance tracking systems, and prepare periodic budget execution reports for management and oversight bodies. Our team provides technical assistance in transitioning to program-based budgeting, implementing zero-based budgeting approaches, and adopting performance budgeting methodologies. We support the integration of budgets with procurement plans, cash flow projections, and strategic development plans. Through our budget support services, we deliver medium-term expenditure frameworks and annual budget proposals, budget execution monitoring dashboards and variance reports, budget performance evaluation reports, capacity building for budget officers, and recommendations for improving budget credibility and predictability.
Public Financial Management Systems Implementation
We support government entities in strengthening their financial management systems through the design, implementation, and optimization of integrated financial management information systems (IFMIS). Our services encompass needs assessment and gap analysis of existing systems, selection and procurement of appropriate software solutions, customization and configuration to meet specific requirements, data migration and system integration, and comprehensive user training programs. We assist in implementing modules for budget preparation and monitoring, revenue management, expenditure control, cash management, debt management, asset management, and financial reporting. Our implementation approach includes establishing chart of accounts aligned with government financial statistics standards, configuring approval workflows and authorization hierarchies, implementing internal controls within the system, and developing standard operating procedures. We provide system implementation project management, business process reengineering to align with best practices, change management support to ensure user adoption, user training and capacity building programs, post-implementation support and system optimization, and regular system health checks and performance assessments.
Our process
Engagement and Needs Assessment
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When you engage our public sector practice, we begin with a comprehensive consultation to understand your institution’s mandate, organizational structure, current challenges, and specific service needs. We review relevant legislation, regulations, and policies governing your operations, assess existing systems and processes, and identify gaps or areas requiring improvement. We meet with key stakeholders including accounting officers, finance directors, internal auditors, and program managers to gather insights and expectations. Based on this assessment, we develop a detailed engagement plan that outlines our scope of work, methodology, timelines, resource requirements, and expected deliverables. We ensure our approach aligns with your institution’s strategic objectives and complies with all applicable public sector regulations and standards.
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Planning and Design
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Following engagement acceptance, we move into detailed planning and design of our service delivery approach. For audit engagements, this involves developing audit programs, identifying key controls to test, determining sample sizes, and planning fieldwork logistics. For advisory projects, we conduct detailed diagnostic studies, benchmark against best practices, and design customized solutions tailored to your specific context. We assemble multidisciplinary teams with relevant public sector expertise, establish project governance structures, develop communication protocols, and prepare detailed work plans with milestones. We coordinate with your staff to schedule activities, arrange access to systems and records, and minimize disruption to daily operations. During this phase, we finalize our understanding of critical processes, identify key risks and control points, develop detailed testing procedures or implementation plans, prepare data collection instruments and templates, and obtain necessary approvals and clearances.
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Fieldwork and Implementation
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With planning complete, we commence fieldwork or implementation activities according to the agreed work plan. For audit engagements, our teams conduct detailed testing of transactions, review supporting documentation, interview staff, observe processes, and evaluate control effectiveness. We use computer-assisted audit techniques where appropriate to analyze large data sets, identify anomalies, and test entire populations rather than samples. For systems implementation, we proceed with configuration, customization, data migration, user training, and phased rollout according to the project plan. For advisory projects, we facilitate workshops, conduct capacity assessments, develop policies and procedures, and work alongside your staff to implement recommendations. Throughout fieldwork, we maintain regular communication with management, provide interim updates on findings, seek clarifications on complex issues, and address concerns promptly. We document our work comprehensively, maintain audit evidence files, track issues and recommendations, and ensure quality control at every stage.
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Reporting and Presentation
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Upon completing fieldwork, we prepare comprehensive reports that present our findings, conclusions, and recommendations in clear, actionable language. For audit engagements, we prepare draft audit reports that include our audit opinion, significant findings, control weaknesses, compliance issues, and detailed recommendations for improvement. We conduct exit meetings with management to discuss findings, obtain management responses, and clarify any points of disagreement. Our final reports incorporate management’s responses and action plans, providing a complete picture for oversight bodies and stakeholders. For advisory projects, we prepare implementation reports, policy documents, procedure manuals, training materials, and other deliverables as specified in our engagement. We present our reports to accounting officers, audit committees, boards, and other relevant governance structures, explaining key findings and recommendations clearly. Our reports comply with reporting standards, include executive summaries for senior leadership, provide sufficient detail for action by responsible officers, and prioritize recommendations by significance and urgency.
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Why Choose AA Ogundare & Co for Public Sector Services?
Deep Public Sector Expertise Our team includes professionals with extensive experience in government financial management, public sector accounting standards, and regulatory compliance. Many of our practitioners have served in government or worked extensively with public institutions throughout their careers.
Understanding of Regulatory Environment We have thorough knowledge of the Nigerian public sector regulatory framework including the Constitution, Financial Regulations, Public Procurement Act, Fiscal Responsibility Act, Audit Act, Treasury Circulars, and International Public Sector Accounting Standards.
Proven Track Record We have successfully completed hundreds of public sector audits and advisory engagements across federal, state, and local government levels, earning recognition for quality, professionalism, and impact.
Commitment to Capacity Building Beyond delivering services, we focus on strengthening the capabilities of public sector staff through training, mentoring, knowledge transfer, and institutional development support.
Independence and Objectivity We maintain strict independence and professional objectivity in all our engagements, ensuring that our reports and recommendations are credible, unbiased, and focused solely on improving governance and accountability.
Technology-Enabled Approach We leverage modern audit tools, data analytics, and technology platforms to enhance the efficiency, effectiveness, and coverage of our services.
Get Started Today
Whether you need statutory audit services, support in strengthening financial management systems, assistance with budget preparation, revenue enhancement strategies, procurement compliance review, or internal audit establishment, our public sector team is ready to serve you.
We are here to address any questions you may have as you implement your plan. Additionally, for clients seeking an ongoing partnership, we provide comprehensive Wealth Management Services.
