Financial Reporting Council of Nigeria information
Financial Reporting Council of Nigeria
Abbreviation
FRC
Predecessor
Nigeria Accounting Standards Board
Formation
1982
Type
Regulatory body
Legal status
Active
Purpose
Set standards for accountancy in Nigeria
Headquarters
Lagos, Nigeria
Official language
English
Executive Secretary
Shuaibu Adamu Ahmed
Parent organization
Federal Ministry of Industry, Trade and Investment
Website
http://www.financialreportingcouncil.gov.ng/
The Financial Reporting Council (FRC) of Nigeria, formerly the Nigerian Accounting Standards Board (NASB), is an organization charged with setting accounting standards in Nigeria. On Thursday, 6 May 2021, Shuaibu Adamu Ahmed was inaugurated by the Minister of Industry, Trade and Investment, Adeniyi Adebayo, as the Executive Secretary/Chief Executive Officer of FRC.[1][2][3]
^"Minister urges FRC to enforce accounting standards". Daily Trust. Retrieved 22 June 2021.
^"Trade Minister task FRC over enforcement of accounting standards in Nigeria". Tribune Online. 6 May 2021. Retrieved 22 June 2021.
^Blueprint (6 May 2021). "FG tasks FRC to develop sound accounting, financial report standards". Blueprint Newspapers Limited. Retrieved 22 June 2021.
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