FRC holds audit, other assurance providers’ leadership summit

The Financial Reporting Council of Nigeria (FRC) has announced its upcoming Audit and Other Assurance Providers Leadership Summit.

The premier event is scheduled to take place on August 20, 2024, at the Lagos Continental Hotel, located at 52a Kofo Abayomi Street, Victoria Island, Lagos.

According to a statement from the FRC on Sunday, “As the primary statutory agency responsible for regulating financial reporting and related stakeholders, including accountants and auditors, the FRC is dedicated to fostering confidence among investors and ensuring high standards in accounting, auditing, actuarial practices, valuation, corporate governance, and non-financial reporting issues.

“To achieve these objectives, the Council actively promotes enlightenment within the market, encouraging all participants to pursue improved professionalism.”

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The annual audit summit aims to serve as a platform for meaningful dialogue between the Council and industry practitioners.

Key focus areas will include discussions on policy and regulatory frameworks, current industry challenges, emerging trends, and insights from the Council’s Practice Review of firms.

Additionally, the summit will explore collaborative opportunities to foster best practices and innovative solutions within the auditing profession.

“This event is not only an opportunity for the FRC to engage with auditing stakeholders but also a crucial forum for addressing the imperative of improving audit quality and defining the future of the industry.

“The summit promises to be an enlightening experience for all participants, paving the way for enhanced cooperation and commitment to excellence in financial reporting and auditing standards in Nigeria.

“We invite all stakeholders in the financial reporting and assurance industries to join us for this important event, which seeks to elevate the standards of practice and ensure a robust regulatory environment. For registration and further details about the summit, please visit www.frcnigeria.gov.ng,” the statement said.

The Financial Reporting Council of Nigeria is the statutory agency regulating financial reporting and corporate governance in Nigeria.

The Council aims to instil confidence among investors and enhance the quality of financial reporting through effective oversight, policy formulation, and stakeholder engagement.