FRC Extends Deadline for Registration of Audit Firms
EXTENSION OF DEADLINE FOR REGISTRATION OF AUDIT FIRMS AND OTHER ASSURANCE SERVICE PROVIDERS WITH THE FINANCIAL REPORTING COUNCIL OF NIGERIA
The Financial Reporting Council (FRC) of Nigeria on September 12, 2022, notified stakeholders of the registration of audit firms and other assurance service providers with the Council effective from September 15, 2022. The FRC further informed the public through a notice on November 25, 2022, in some national dailies that January 1, 2023, has been set as the deadline for the said registration.
The Council has noted the concerns expressed by relevant stakeholders on the need to extend the deadline for registration to allow enough time for affected stakeholders to register with the Council fully and effectively.
Based on the foregoing, stakeholders are, by this notice informed that the deadline for registration of audit firms and other assurance service providers has been extended from January 1, 2023, to April 1, 2023.
All entities, audit firms, and other assurance service providers are advised to take advantage of this extension of date for registration and strictly comply with it to avoid any sanctions that would arise for non- compliance after the expiration of the extension period in line with section 33 (2a) of FRC Act 2011.
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