IFRS 18 implementation: the new income statement format Nigerian filers should rehearse
10 min
Practice · Financial Reporting
Financial statements are a credibility instrument.
IFRS, IPSAS and CAMA-compliant annual reports, group consolidations, prospectuses and lender packs — drafted to withstand auditors, regulators and rating agencies.
50+
Annual reports drafted across sectors
0
FRC review queries requiring restatement
8
Listing prospectuses supported in 36 months
01 · What we doSub-practices.
Sub-practices.
One accountable senior consultant.
Every Outliers engagement is leadership-led. You get one named senior consultant, one accountable team and one model that travels across the full scope of the practice.
01
Annual Reports
Full IFRS financials, directors' report, governance section and integrated narrative.
02
Group Consolidation
IFRS 10/11/12 consolidations, NCI, intercompany elimination and step acquisitions.
03
Prospectus Support
Historical financial information, working capital and pro-forma statements for SEC/NGX.
04
Lender / Investor Packs
Audit-grade financial models, covenant schedules and ratio commentary.
05
IFRS Conversion
First-time adoption (IFRS 1), policy choices and disclosure build-out.
06
Public Sector / IPSAS
IPSAS accrual basis financials, GIFMIS interface and Auditor-General readiness.
02 · How we work
A method, not a moodboard.
01
Scope
We confirm the reporting framework, group boundary, materiality and audit timetable.
02
Build
We draft policies, lead schedules, disclosures and the full report — versioned and traceable.
03
Review
Senior sign-off on every estimate, judgement and disclosure before the auditor sees it.
04
Defend
We sit in the auditor and FRC meetings with you — and own the responses.
03 · Who we serve
Built for boards that own the number.
- Listed companies on NGX and NASD
- Banks and insurers reporting to CBN, NAICOM and FRC
- Issuers preparing for an IPO, bond issue or commercial paper
- Multinational subsidiaries reporting up to a foreign group
- Federal and state MDAs migrating from cash to accrual IPSAS
- PE portfolio companies preparing for exit or refinancing
Gated download
Download: IFRS Disclosure Checklist 2026
A 180-point IFRS disclosure checklist — the same working document our senior reporting team use on every engagement.
04 · Related insights
All insights Recent thinking from the desk.
ECL model validation: what FRC reviewers are flagging in 2026
8 min
Federal IPSAS accrual roadmap: where states actually stand
7 min
Get your annual report expert-reviewed before the auditor arrives.
Fixed-fee diagnostic. Board-ready draft in four weeks.