FG tasks Financial Reporting Council on accounting standards
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The Federal Government has urged the new Executive Secretary of the Financial Reporting Council of Nigeria (FRCN), Alhaji Adamu Ahmed, to enhance accounting standards in accordance with its Act.
Otunba Adeniyi Adebayo, Minister of Industry, Trade, and Investment, while inaugurating the executive secretary on Thursday in Abuja, urged the FRCN to achieve its mandate as specified in section eight of its Act by enforcing standards.
The minister, in a statement by his Special Assistant on Media, Mr Ifedayo Sayo also charged the council to advise the Federal Government on accounting and financial reporting standards.