Financial Reporting Council (FRC) has unveiled a new portal for individual registration. This laudable development is in line with the Council’s effort to achieve her mandates through a friendlier, responsive and cost-saving process that makes it easier to do business with government.
The new individual registration portal unveiled in Lagos on Thursday August 22 enables a professional to register with the Council at the comfort of his office, home or indeed anywhere internet is available without a physical visit to FRC offices.
The Council attaches importance to professionals in line with its statutory mandate to “maintain a register of professional accountants and other professionals engaged in financial reporting”.
“With the new individual registration portal, we expect to issue registration numbers within 48 hours after successful completion of the online registration process”, said Daniel Asapokhai, Executive Secretary/Chief Executive Officer, Financial Reporting Council.
Recall that on January 15, 2019 the Council unveiled the Nigerian Code of Corporate Governance (NCCG) 2018. “We are therefore, pleased that strategy of the current Board is yielding tangible dividends”, Asapokhai noted.
“We encourage all professional accountants and other professionals involved in the financial reporting process to leverage the new registration portal to ensure that your name appears in the register of professionals and for the general public to use the online register to confirm that the professionals you engage or deal with, are registered with the Financial Reporting Council”, he said.
FRC further requests that the public constantly verifies on this portal, the FRC registration numbers of professional accountants and other professionals engaged in financial reporting.
The Financial Reporting Council of Nigeria is the regulatory agency of the federal government that promotes trade and investment in Nigeria by ensuring high standards of financial reporting and corporate governance.
The Council also promotes education, research and training in the fields of accounting, auditing, financial reporting and corporate governance. In carrying these onerous tasks, the agency is empowered by the Financial Reporting Council Act, 2011.
Iheanyi Nwachukwu
