Thursday, December 19, 2019 / 9:48 AM / NIRC / Header Image Credit: WebTV
Members of the Nigerian Integrated Reporting Committee (NIRC), at its recent gathering in Lagos, identified three pillars that will be pivotal to the promotion of Integrated Reporting in Nigeria.
The Chairman, Nigerian Integrated Reporting Committee, Dr. Innocent Okwuosa, a Council member of the Institute of Chartered Accountants of Nigeria (ICAN) and a member of Africa Integrated Reporting Council (AIRC) gave insight into the strategic action plan of the Committee in a media chat after the strategic session. According to him, "the Committee's strategic action plan is built on three pillars: awareness/advocacy, engagement and capacity building. These three pillars have actionable programmes grouped into short-term, medium-term and long-term plans".
He further stated that awareness and advocacy programmes would see the NIRC engaging with private and public sector organizations in Nigeria including government ministries, departments and agencies (MDAs). NIRC will be meeting and addressing top management and policymakers of corporate reporting regulators like Financial Reporting Council of Nigeria (FRCN), Securities and Exchange Commission (SEC), Nigerian Stock Exchange (NSE), Central Bank of Nigeria (CBN), National Insurance Commission (NAICOM), National Pension Commission (PenCom), Corporate Affairs Commission (CAC), Federal Inland Revenue Services (FIRS), Ministry of Finance, Accountant General Office, Auditor General office among others.
Dr. Okwuosa also revealed that the Committee would author two documents that will provide conceptual clarification of integrated thinking and reporting and how organizations in Nigeria should approach it.
The NIRC came into existence on October 17, 2019, and commissioned by the President, Institute of Chartered Accountants of Nigeria, Mazi Nnamdi Okwuadogbo, further to the approval of the governing council of ICAN granted in 2018 to establish the Committee.