PUBLIC NOTICE TO ALL EXTERNAL AUDITORS OF REPORTING ENTITIES IN NIGERIA

The attention of the Financial Reporting Council (FRC) of Nigeria has been drawn to the fact that some external auditors of reporting entities in Nigeria also serve as International Financial Reporting Standards (IFRS) Implementation Consultants to the same clients, a situation which inevitably makes these externals auditors parties to the preparation of the same financial statements which they will thereafter audit/ provide assurance on.

The Council hereby states unequivocally that such activities impair the independence of the external auditors as professionals and is a violation of Section 46 of the Financial Reporting Council of Nigeria Act No. 6 of 2011.

Consequently, all affected professionals should take note and henceforth desist from such activities or risk being sanctioned accordingly by the Council.

Signed

Management

COMPLETE YOUR PROFESSIONAL REGISTRATION PROCESS

Please be informed that Professionals who have duly completed their registration process with our Council, up to payment stage should proceed to the nearest FRC Office or Desk office located at the Cooperate Affairs Commission as hereunder for their biometric data and capture

You shall be required to produce your transaction code/evidence of payment to enable us call up you details.

Signed

Management

FINANCIAL REPORTING COUNCIL

ONLINE REGISTRATION PROCESS WITH FRC

1. Kindly go to our website: www.financialreportingcouncil.gov.ng (Do make sure that your internet browser is either Explorer 9 OR Google Chrome OR Mozilla Firefox).

2. On the major heads at the site, click on “Registration” and open to “Individual Professional”. (Please note that all Professionals irrespective of field of study are to register: see Section 41 of Financial Reporting Council Act of Nigeria 2011).

3. Complete the Application Form: (Kindly make sure you have your passport photograph, copies of your educational/professional certificates and your signature scanned; as you shall be required to upload them).

4. Make payment either online or at any Bank branch with a print-out of your Transaction Code.

5. Submit the printed completed form to FRC office.

6. Kindly call Mrs. Kate Aliu on 08036668903 or 017936101 if you need assistance.

The documents needed for registration:

1. Photocopies of your Professional/Educational certificates

2. One passport sized photograph that must be;

• 50mm high x 50mm wide
• A recent and true likeness, showing full face, without hat, helmet or sunglasses.
• Original - that is not digitally or optically altered (for example it must not be 'photo-shopped' or 'touched-up').
• Taken against an off-white, cream or light grey background so that your features are clearly distinguishable against the background.

Note: Photographs that do not conform to these standards will be rejected and may cause a delay in processing your application.

3. Photocopies of National Identity Card, International Passport or Driver's Licence.

4. A scanned copy of your signature.

5. Evidence of payment of the appropriate non refundable registration fee of Seventeen Thousand Three Hundred Naira (N17,300) only.

Note: All certificates should be scanned in PDF format while your passport photograph and signature in JPG format for upload during the registration online.

Ensure payment is made within 48hours of registration after which your transaction code expires to revalidate, it attracts a fine of Two Thousand, Five Hundred naira (N2,500) only.