The Financial Reporting Council of Nigeria (FRC) has advocated for a single financial statement to show the position of the three tiers of government as a panacea to reducing corruption.
The Chief Executive Officer, Mr. Jim Obazee made the call yesterday in Abuja at the ongoing 13th annual governing board meeting of the African Organisation of English Speaking Supreme Audit Institutions.
Mr. Obazee said publishing of one financial statement for the country and making it public would promote transparency and accountability.
According to him, “with a properly recorded financial information, we will be able to harmonise financial reports within government agencies and also have a reliable financial information within the country.”
