INTRODUCTION The Financial Reporting Council of Nigeria (FRC) was established under the Financial Reporting Council of Nigeria Act, 2011 (as amended in 2023), to oversee financial reporting and promote compliance with applicable reporting standards in Nigeria. The Act sets out the obligations that companies and professionals must comply with in relation to financial reporting, registration and filing of financial statements CATEGORIES OF COMPANIES REGULATED AND AFFECTED BY THE FRC ACT The Financial Reporting Council of Nigeria Act, 2011 (as amended in 2023), applies to various entities classified as Public Interest Entities (PIEs). Section 77 of the Act, as amended, sets … Continue reading OBLIGATIONS OF COMPANIES UNDER THE FINANCIAL REPORTING COUNCIL (FRC) ACT