The Financial Reporting Council of Nigeria (FRC) is set to partner with academia and Corporate Governance Professionals in the country to carry out several researches in areas of financial reporting.
Speaking during a courtesy call of the Association of Corporate Governance Professionals of Nigeria (ACGPN) to the FRC corporate headquarters in Lagos, the FRC Chief Executive Officer, Mr. Daniel Asakpokhai, said it was the Council’s desire to collaborate with academia and professional bodies in conducting several researches.
Speaking further, Asakpokhai assured the delegation of the Council’s readiness to embark on the conduct of several researches while soliciting the sponsorship of such researches by both Corporate and Professional bodies.
Meanwhile, The ACGPN was in the FRC’s office to seek recognition for its training certificates as well as their accredited members so that they will be eligible to sign financial statements.
Speaking, the President of the Association, Mazi Sam Ohuabunwa said the reason for their visit was to to seek the Council’s recognition for its training certificates as well as the accredited members of the Association so that they can sign financial statements.
Ohuabunwa also sought the recognition of the Council for its Small and Medium Enterprises (SMEs) Directors training which he said would help them demonstrate effective leadership characterized by ethical values of responsibility, accountability, fairness and transparency.
Responding to their requests, Asakpokhai thanked the delegates for their visit and assured them that their demands were going to be given due consideration.
Among the delegation of ACGPN were Mr. Masaku- Johnson; Mr. Wuyi Ogunyinka; Mr.Adedyinka Hassan, Mrs. Dorcas James and Nicholas Ikhane, while the FRC was represented by Mr. Iheanyi Anyahara; Mr. Abubakar Ibrahim; Mr. Nelson Anumaka and Mr. Titus Osawe.
Meanwhile, many financial experts and professionals have argued that high level of corporate governance standards coupled with high level of transparency in corporate governance, would assists the Central Bank of Nigeria (CBN) and the Federal Ministry of Finance in projecting the country better to foreign communities and the rest of the world, as well as changes the structure of organisations and businesses as the Federal Government aims to sanitise the nation’s business environment to attract more foreign investors into the country.