Guidance on Management Report on Internal Control Over Financial Reporting View Document Here
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FRC’s CEO Emphasizes Nigeria’s Global Governance Reputation at 54th Annual Accountants’ Conference
During the Closing Ceremony of the 54th Annual Accountants’ Conference which held on Thursday, October 10, 2024, at the Abuja Continental Hotel, Abuja, the ES/CEO of the Financial Reporting Council, Dr. Rabiu Olowo, delivered a memorable goodwill message
In his message, Dr. Olowo emphasized the theme of this year’s conference, “Reimagining Governance”, highlighting Nigeria’s respected position globally for its alignment with international standards in reporting, assurance, and governance. He affirmed, “We are building on that well-deserved reputation by introducing even higher standards of conduct for Chartered Accountants.”
Over the past year, the FRC has demonstrated its commitment to fair and proportionate regulation, focusing on improving reporting, audit quality, and governance. Dr. Olowo outlined key initiatives undertaken by the Council, including the development of new Codes of Governance for both the Public Sector and the Not-for-Profit Sector, the establishment of a National Repository for Financial Statements (set to launch on January 1, 2025), and the adoption of the ISSB’s Sustainability Standards.
The event was officially closed by H.E. Malam Umar A. Namadi, FCA, Executive Governor of Jigawa State, marking an extraordinary conference filled with impactful sessions and invaluable connections.
The FRC remains dedicated to serving the public interest and supporting Nigeria’s economic growth through high standards of governance.
ICSAN Confers Honorary Fellowship on FRC Boss
The Institute of Chartered Secretaries and Administrators of Nigeria (ICSAN) has honored Dr. Rabiu Olowo, Executive Secretary/Chief Executive Officer of the Financial Reporting Council of Nigeria (FRC), with an Honorary Fellowship Award. The award was presented by ICSAN President/Chairman of Council, Mrs. Funmi Ekundayo, FCIS, at the ICSAN 2024 Annual Dinner/Awards held yesterday at the MTN Plaza, Ikoyi, Lagos.
According to Mrs. Ekundayo, the award recognizes Dr. Olowo’s exceptional leadership, entrepreneurial, and administrative skills, as well as his commitment to promoting good governance in Nigeria. Dr. Olowo expressed gratitude for the recognition, acknowledging it as a personal challenge to continue serving the council and the nation diligently.
House Committee on Commerce Visits FRC Lagos Office for Oversight
Announcing the Launch of the FRC Biannual Newsletter
The Financial Reporting Council of Nigeria (FRC) is pleased to announce the release of the first edition of the FRC Newsletter. This biannual publication is designed to keep you informed about the Council’s activities, and current happenings in the world of financial reporting, while also providing educational and professional development resources.
In this maiden edition, you’ll find a wealth of information, including interviews, global spotlights, accounting info-tech, and more. Our goal is to make this newsletter a valuable resource for stakeholders and the public alike.
We invite you to download the soft copy of the newsletter to stay up-to-date on financial reporting trends and developments and enjoy the insightful articles and features. Your feedback is welcome as we strive to continuously improve and renew our content.
[Download the Newsletter here]
Thank you for your support, and we hope you enjoy reading the newsletter as much as we enjoyed putting it together