FRC Sets April 2026 Deadline for Audit Firms Registration
The Financial Reporting Council of Nigeria (FRC) has announced a deadline of April 1, 2026, for audit and assurance firms to complete their registration. This directive is part of the FRC's ongoing efforts to strengthen public oversight and transparency in Nigeria's financial reporting ecosystem.
The announcement follows the issuance of a public notice regarding the classification of audit and assurance firms under the new statutory audit regime. The FRC emphasizes that all firms providing assurance services, including those involved in actuary services, property business valuation, financial valuation, tax assurance, information technology system assurance, and legal advisory services, must register on the council's official online portal.
Failure to register will constitute a violation of Nigerian law and may attract sanctions under the FRC Act. The initiative aims to ensure compliance and enhance the regulatory profile of firms within the financial reporting landscape.
Plus234Feed summary based on reporting from Daily Trust. Read the original report below.
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