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IASB Current Consultation Project/Exposure Draft and Tentative Letters

In furtherance of the provisions of the Financial Reporting Council of Nigeria Act No. 6, 2011; The Council hereby invites you to comment on the following projects:

  1. Invitation to comment on Tentative Agenda Decision and comment letters—IFRS 3 Acquisition of a group of assets that does not constitute a business.  Comments should reach the Council not later than August 10, 2017.  DOWNLOAD NOW or from IASB’s website:www.ifrs.org
  2. Invitation to comment on Tentative Agenda Decision and comment letters—IAS 37 Costs considered in assessing whether a contract is onerous.  Comments should reach the Council not later than August 10, 2017.  DOWNLOAD NOW or from IASB’s website:www.ifrs.org
  3. Invitation to comment on Tentative Agenda Decision and comment letters—IAS 38 Goods acquired for promotional activities.  Comments should reach the Council not later than August 10, 2017.  DOWNLOAD NOW or from IASB’s website:www.ifrs.org
  4. Invitation to comment on Tentative Agenda Decision and comment letters—IAS 28 Acquisition of an associate or joint venture from an entity under common control.  Comments should reach the Council not later than August 10, 2017.  DOWNLOAD NOW or from IASB’s website:www.ifrs.org.
  5. Invitation to comment on Draft SMEIG Q&A 12.1.  Comments should reach the Council not later than August 21, 2017.  DOWNLOAD NOW or from IASB’s website:www.ifrs.org.
  6. Invitation to comment on Proposed IFRS Taxonomy Update 2017 and comment letters—IFRS 17 Insurance Contracts.  Comments should reach the Council not later than September 08, 2017.  DOWNLOAD NOW or from IASB’s website:www.ifrs.org.
  7. Invitation to comment on Request for information and comment letters—Post-implementation Review—IFRS 13 Fair Value Measurement.  Comments should reach the Council not later than September 08, 2017.  DOWNLOAD NOW or from IASB’s website:www.ifrs.org.


IASB Current Consultation Project/Exposure Draft

Improvements to IFRS 8 Operating Segment (Proposed Amendments to IFRS 8 and IAS 34)

In furtherance of the provisions of the Financial Reporting Council of Nigeria Act No. 6, 2011; The Council hereby invites you to comment on the IASB’S Exposure Draft /2017/2 – Improvements to IFRS 8 Operating Segments (Proposed amendments to IFRS 8 and IAS 34)

The comments periods ends on July 31, 2017. However, the Council hopes to collate comments for onward submission to the International Accounting Standards Board (IASB) on July 14, 2017 Comments should reach the Council not later than July 14, 2017.  DOWNLOAD NOW or from IASB’s website:www.ifrs.org.


FRC – Payment Process

This is to inform the general public that with effect from Monday April 3, 2017 all payments to Financial Reporting Council of Nigeria shall be through REMITA platform. Click Here for details


LATEST DEVELOPMENT

SUSPENSION OF NATIONAL CODE OF CORPORATE GOVERNANCE (NCCG)

In line with the directive of Federal Government of Nigeria, the Financial Reporting Council (FRC) of Nigeria has suspended forthwith the NCCG.

Also, a new Executive Secretary/Chief Executive Officer has been appointed for the Council effective January 9, 2017.



Biometrics Capture

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 locate at teh Cooperate Affaires Commission as here under for their biometric data and capture.


Capture Centres

  1. CAC Office

    31B Opara avenue

    Enugu

  2. Financial Reporting Council of Nigeria

    Financial Reporting Council of Nigeria
    LCCI Conference Centre
    10, Olowopopo Street
    (Near MKO Abiola Gardens)
    Central Business District
    Alausa, Lagos

  3. Corporate Affairs Commission Office

    18/20, Catholic Mission Street,

    Opposite City Hall,

    Lagos Island,

    Lagos

  4. Corporate Affairs Commission Office

    Otunba Jobi Fele Way,

    Alausa, Lagos

  5. Corporate Affairs Commission Office

    Plot 420, Tigris Crescent

    Off Aguiyi Ironsi Crescent

    Maitama, Abuja

  6. Corporate Affairs Commission Office

    Wuse Zone 5

    Old C.A.C

    Abuja

  7. Corporate Affairs Commission Office

    1, Yakubu Avenue,

    behind Lugard hall,

    Kaduna

  8. Corporate Affairs Commission Office

    30, Danjuma Drive,

    Off Trans Amadi Industrial Layout,

    Port Harcourt

  9. Corporate Affairs Commission

    Godwin Abbey Road

    Limit Junction, Sapele Road

    Benin City

  10. Corporate Affairs Commission Office

    44, Adegoke Adelabu

    Total Garden, Adjacent

    K.S. Hotel,

    Yemetu, Ibadan

  11. Corporate Affairs Commission Office

    Plot 31B, Okpara Avenue,

    Enugu


NOTICE! NOTICE!! NOTICE!!!

FRC HAS RELOCATED TO
4TH FLOOR, LCCI HOUSE
NO 10, NURUDEEN OLOWOPOPO STREET,
(NEAR MKO ABIOLA GARDENS)
CENTRAL BUSINESS DISTRICT,
ALAUSA, LAGOS.

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 and 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. Read More
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Notice Board

About FRC Nigeria

The Financial Reporting Council (FRC) of Nigeria is a federal government agency established by the Financial Reporting Council of Nigeria Act, No. 6, 2011.  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 […]

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Category: Uncategorized

LATEST DEVELOPMENT SUSPENSION OF NATIONAL CODE OF CORPORATE GOVERNANCE (NCCG) In line with the directive of Federal Government of Nigeria, the Financial Reporting Council (FRC) of Nigeria has suspended forthwith the NCCG. Also, a new Executive Secretary/Chief Executive Officer has been appointed for the Council effective January 9, 2017.

Read More...

Category: Uncategorized

NOTICE! NOTICE!! NOTICE!!! FRC HAS RELOCATED TO 4TH FLOOR, LCCI HOUSE NO 10, NURUDEEN OLOWOPOPO STREET, (NEAR MKO ABIOLA GARDENS) CENTRAL BUSINESS DISTRICT, ALAUSA, LAGOS. ONLINE REGISTRATION PROCESS WITH FRC 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). On the major heads at the site, click on “Registration” and […]

Read More...