FRC set to issue audit regulation to enhance transparency –

By Babajide Komolafe

The Financial Regulation Council (FRC) said it would soon issue the much awaited Audit Regulation designed to deepen transparency for investors.

Deputy Director/Head, Directorate of Accounting Standards Public Sector, Dr. Iheanyi Anyahara, disclosed this at an online stakeholder’s interactive forum with the FRC and the International Accounting Standard Board.

He said, “the Council is at the final stage of issuing its long-awaited Audit regulation which is expected to provide increased transparency for investors and other stakeholders, as well as enhance economic growth amongst other benefits”

Speaking further, Anyahara said that the interactive forum was aimed at deepening the knowledge on the application and implementation of International Financial…

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