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Audit Regulations:FRCN plans implementation training in Q3
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By Elizabeth Adegbesan
The Financial Reporting Council of Nigeria, FRCN, said it plans to commence training of stakeholders on the implementation of Audit Regulation 2020, in the third quarter of the year (Q3’21).
The Acting Executive Secretary and Chief Executive of the Council, Iheanyi Anyahara , disclosed this in an online interactive session organized by The Institute of Chartered Secretaries and Administrators of Nigeria (ICSAN) and FRCN.
Iheanyi said: “We plan to commence training on the implementation of the Audit Regulations next quarter especially audit firms, audit committee members, shareholders, Board members, internal auditors and assurance practitioners.
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Three financial services regulators in the country have sanctioned 10 of the nation’s lenders to the tune of N2.5bn for committing various market infractions, findings by
Sunday PUNCH have shown.
Specifically, the Central Bank of Nigeria, Securities and Exchange Commission and Financial Reporting Council of Nigeria have sanctioned Guaranty Trust Bank Plc, Zenith Bank Plc, Access Bank Plc, FBN Holdings Plc, FCMB Group and five others for diverse market infractions.
The financial violations range from non-compliance with anti-money laundering procedures, non-compliance with ATM installation procedures, the opening of foreign branches without regulatory approval, and improper handling of customers’ accounts, among others.
2020 Annual Report and Notice of AGM Seplat Petroleum Development Company Plc ( Seplat or the Company ) confirms it has today published its Annual Report and Accounts for the year ended 31 December 2020 together with the notice of the Company s eight Annual General Meeting ( AGM ) and forms of proxy. The Company will hold its AGM at 11:00am (local time) on Thursday 20 May 2021 at 16a Temple Road (Olu Holloway), Ikoyi, Lagos, Nigeria. In accordance with Listing Rule 14.3.6 copies of the Company s Annual Report and Accounts for the year ended 31 December 2020, the Notice of AGM and proxy forms have also been submitted to the FCA for publication through the document viewing facility of the National Storage Mechanism and will shortly be available for inspection at
James Emejo in Abuja
The Accountant General of the Federation (AGF), Mr. Ahmed Idris, has reiterated his resolve to continue to ensure timely production of the federal government’s general purpose financial statements.
He, however, stressed that the treasury had bridged the hitherto deficit in the production of the government’s financial statements, in compliance with the extant rules and regulations guiding its operations.
Speaking while receiving the leadership of the Financial Reporting Council of Nigeria (FRCN), led by the acting Executive Secretary, Iheanyi Anyahara, which paid him a courtesy visit, Idris, maintained that the treasury will continue to implement strategies that will guarantee timely production of general purpose financial statements.
FRC charged to enforce acceptable financial reporting in MDAs today.ng - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from today.ng Daily Mail and Mail on Sunday newspapers.