When was the financial reporting council established

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IAS plus. Login or Register Deloitte User? Welcome My account Logout. Search site. Toggle navigation. Navigation Other Regulatory. Navigation Financial Reporting Council. COVID and its impacts on business activities are complex to assess and are likely to change any time. While the Financial Reporting Council aligns with all the measures by the Federal and State Governments as well as relevant agencies in containing the COVID, we are concerned about the financial health of corporate entities as usually reported in financial statements during this … Click Here To Read More.

It is a federal government Parastatal under the supervision of the Federal Ministry of Industry, Trade and Investment. The FRC is responsible for, among other things, developing and publishing accounting and […]. Toggle navigation FRC Nigeria. Its key functions include the oversight of the accounting and auditing standards setting processes for the public and private sectors, monitoring the effectiveness of the auditor independence regime, and advising the Minister on these matters.

The FRC has a wide range of stakeholders, including a broad spectrum of preparers and users of financial statements, the Australian, State and Territory governments, and other government bodies such as standards setters and regulators.

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