Financial Reporting Council The Financial Reporting Council Act, 2011 (FRC Act) which was signed into law in July, 2011 established the Financial Reporting Council of Nigeria (the FRC). Amongst its functions, it was charged with the responsibility to: to develop and publish accounting and financial reporting standards to be observed in the preparation of financial […]
Read MoreThe position of the Company Secretary is created by the law in sections 293 -298 of Companies and Allied Matters Act (CAMA) 2004, which provides for the appointment and functions of the company secretary. While there is no requirement for directors who have responsibility for the corporate governance of companies to be experts at law, […]
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