PLEASE READ THESE TERMS CAREFULLY. BY CREATING AN ACCOUNT, YOU ACKNOWLEDGE THAT YOU HAVE READ, UNDERSTOOD, AND AGREE TO BE BOUND BY THESE TERMS, INCLUDING THE CRITICAL LIMITATIONS OF LIABILITY REGARDING STATUTORY TAX FILINGS.
1. Acceptance of Terms
These Terms of Service ("Terms") constitute a legally binding agreement between you (whether an individual SME owner or representing an Audit Firm) and AuditAI Technologies Ltd. governing your access to and use of the AuditAI SaaS platform.
2. Description of Services
AuditAI provides cloud-based software for financial data normalization, anomaly detection, automated working paper generation, and direct tax computation via integration with Nigerian statutory bodies, including the Corporate Affairs Commission (CAMA frameworks) and the Nigeria Revenue Service (NRS).
3. AI Limitation & Professional Liability (Critical)
AuditAI utilizes machine learning, OCR, and rules-based algorithms to categorize transactions, highlight anomalies, and generate tax computations under the NTAA 2025. However, AuditAI is a tool, not a Chartered Accountant or a licensed Tax Practitioner.
- For Audit Partners: The software acts as a preparer of working papers. Under ISA 230 and ISA 240, you retain full professional liability as the reviewer. You must manually verify AI anomalies and digitally sign off on workpapers before finalizing an audit opinion.
- For SMEs: AuditAI automatically computes your Corporate Income Tax (CIT) and Value Added Tax (VAT) based on the data you upload. We are not liable for tax penalties, interest, or regulatory actions taken by the NRS resulting from inaccurate, incomplete, or fraudulent data uploaded to our platform.
5. NRS Portal Integrations
If you utilize our platform to file returns directly to the Nigeria Revenue Service (NRS) via API:
You authorize AuditAI to transmit your financial data to the government on your behalf. You acknowledge that successful transmission is contingent upon the availability of the NRS external servers. AuditAI is not liable for late filing penalties if the delay is caused by government server downtime or API degradation.
6. Termination
We reserve the right to suspend or terminate your account immediately, without prior notice, if we detect fraudulent activity, systematic uploading of falsified ledgers, or any breach of these Terms. Upon termination, you will have 30 days to export your working papers before complete data erasure, per NDPA compliance.