TheWhistler
The Financial Reporting Council of Nigeria (FRC) has said that Nigeria is not currently a hyperinflationary economy, ruling out the application of International Accounting Standard (IAS) 29 for the preparation of financial statements for the 2024 financial year. In a statement released on Wednesday and signed by the Executive Secretary/Chief Executive Officer…
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FRC Declares Hyperinflationary Accounting Standards Unnecessary
The Whistler
09:19
The Financial Reporting Council of Nigeria (FRC) has said that Nigeria is not currently a hyperinflationary economy, ruling out the application of International Accounting Standard (IAS) 29 for the preparation of financial statements for the 2024 financial year. In a statement released on Wednesday and signed by the Executive Secretary/Chief Executive Officer…
