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Thursday, August 20, 2020 /04:47
PM / By Financial Reporting Council of Nigeria / Header Image
Credit: IAS Plus
The Financial Reporting Council of Nigeria ("FRC" or "the Council") the
regulatory agency of the Federal Government that promotes trade and investment
in Nigeria by ensuring the development, publishing, promoting and compliance
with high quality standards of financial reporting and corporate governance.
To give effect to the above, FRC, as a recognized National Standards
Setter and regular participant in the World Standards Setters Forum and a
member body of the International Accounting Standards Board (IASB), is involved
in the global standards setting process of the IASB. This usually includes new
standards to be issued and existing standards for reviews/amendments from time
to time.
Thus, in furtherance to Section 8.1a, h & o, and
Section 24 of the FRC Act No. 6, 2011; the Council hereby request for comments
on the following IASB's Exposure Drafts. The comment due dates are as stated
against each document in the table below. This is to enable the Council to
collate and harmonize comments for onward submission to the International
Accounting Standards Board (IASB) as a Jurisdiction.
S/N |
Documents for Comment |
Due Dates for Comments to FRC |
1 |
Proposed IFRS Taxonomy Update and comment letters - Amendments to IFRS 17, IFRS 4 and IAS 16 |
31-Aug-20 |
2 |
16-Sep-20 |
|
3 |
16-Sep-20 |
|
4 |
Request for Information: Comprehensive Review of the
IFRS for SMEs Standard |
13-Oct-20 |
5 |
Discussion Paper and comment letters: Business
Combinations -Disclosures, Goodwill and Impairment |
30-Nov-20 |
Kindly note that the exposure drafts are herewith attached for your
action.
Please send your comments through the following channels:
Email: * enquiries@financialreportingcouncil.gov.ng
*aaojo@financialreportingcouncil.gov.ng
* scaniagbaoso@financialreportingcouncil.gov.ng
* zsuleiman@financialreportingcouncil.gov.ng
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