In Ghana, the audit process plays a crucial role in ensuring financial transparency, accuracy, and compliance with regulatory requirements. For businesses and organisations, understanding the audit process can help them prepare for a successful engagement with auditors. This blog post aims to provide a comprehensive overview of the audit process…
The concepts of audit and assurance are intertwined, but they are not the same. Audit and assurance are often confused with each other or interchanged. This write-up seeks to explain the key differences between the two. Before we delve into the conundrum, let us first grasp the meaning of audit…
Personal Income Tax (PIT) Personal Income Tax (PIT) is one of the tax types in Ghana. PIT is a direct tax which is calculated on the chargeable income of resident individuals and non-resident individuals to the extent to which that income has a source in Ghana. Resident individuals are taxed…