bid4rich:



do they complain? do they collect money from you? were you scammed?

some people cannot just reason straight

Baawaa:
Fayose is looking for supporters,but on this,you failed again.Because this law was enacted by JonaTAN administration.

Dongreat:
Now this is a sure bet about this man, "Inconsistency". I just supported him on the other thread and here disagreeing with him. Churches are religious bodies registered in any government as a NGO with no aim of profits. One will agree with me that nowadays it's not the case as the overseers of this churches are ranked among wealthiest men in the world with toys ranging from private jets to edifice mansions. If left unchecked these GOs (with massive wealth at their disposal and enormous supporters) will become very powerful that they can decide the affairs of a Nation resulting to chaos in that particular country. In other to checkmate their (GOs) affairs and bring about normality, their must be a rule deciding on the exit of GOs after a stipulated time and no transfer of office to family members. I support this move by the government as it's guaranteed to prevent ill actions from a potential mad and power drunk GO. Imagine a GO with fanatics members of about 80 million adults. That just one man with such power and guess what he can do with such power?? Yea you fears are as good as mine.

Ps: Before you quote me please think out of the box and don't behave like an average Nairalander than quote out of religion beliefs, tribal relationships and political parties. I welcome debates and no insults.

Koolking:
A governor who always speak like an illiterate. We deserve the kind of leaders we get. We are too emotional about leadership

Does Fayose actually understands what FRC (Financial Reporting Council of Nigeria) objectives are? Am kinda confuse, this is a governor who is supposed member of Executive Ruling Council. He's privy to some of the government decisions. Why does he always act ignoramus and sad?

solaugo1:


http://newsnownigeria.com.ng/fg-aims-attack-rccg-church-leaders-frc-law-fayose/

Greatfuture:
The Financial Reporting Council (FRC) of Nigeria is a federal government agency established by the Financial Reporting Council of Nigeria Act, No. 6, 2011. It is a federal government Parastatal under the supervision of the Federal Ministry of Industry, Trade and Investment. The FRC is responsible for, among other things, developing and publishing accounting and financial reporting standards to be observed in the preparation of financial statements of public entities in Nigeria; and for related matters.



The Council’s main objects, as defined in the FRC Act, are to:

protect investors and other stakeholders interest
give guidance on issues relating to financial reporting and corporate governance to professional, institutional and regulatory bodies in Nigeria
ensure good corporate governance practices in the public and private sectors of the Nigerian economy
ensure accuracy and reliability of financial reports and corporate disclosures, pursuant to the various laws and regulations currently in existence in Nigeria
harmonise activities of relevant professional and regulatory bodies as relating to corporate governance and financial reporting.
promote the highest standards among auditors and other professionals engaged in the financial reporting process.
enhance the credibility of financial reporting; and
improve the quality of accountancy and audit services, actuarial, valuation and corporate governance standards.

The benefits of high quality Financial Reporting are numerous; amongst which are:

promoting private sector growth and reducing volatility in the economy by strengthening the country’s financial reporting architecture and reducing the risk of financial market crises together with the associated negative economic impact
enhancement of local and foreign Direct and portfolio Investment as investors are better able to evaluate corporate prospects and make informed decisions resulting in access to capital at lower costs.
facilitating the growth of small scale enterprises as their compliance with transparent reporting will provide easier access to credit
facilitating integration into global financial and capital markets
improvement of public sector fiscal discipline and enhancement of value for money; and
generation of employment opportunities.

Operations

High quality financial reporting is a building block of a market-based monitoring of companies, external auditors and other professionals whose work bear upon financial reporting integrity and corporate governance of entities; no matter how remote. This will allow shareholders and the public at large to confidently and objectively assess management performance, thus influencing their behaviour and decisions. High quality financial reporting will also contribute to national public finance by improving the assessment and collection of taxes on corporate profits.

The operating arms of the FRC are:

Directorate of Accounting Standards – Private Sector
Directorate of Accounting Standards – Public Sector
Directorate of Auditing Practice Standards
Directorate of Actuarial Standards
Directorate of Valuation Standards
Directorate of Inspection and Monitoring
Directorate of Corporate Governance

solaugo1:


http://newsnownigeria.com.ng/fg-aims-attack-rccg-church-leaders-frc-law-fayose/

Zamfaran:

That's why it is called scamming. Folks who are been scammed hardly realize that, so can't complain.

sportskid:
Jonathan's Govt. Would never have allowed this satanic law, leave Jonathan out of this please

rusher14:

This year's Halloween fell on a weekend.

Jayceo:


Lets not distort fact.The Financial Reporting council in charge of overseeing non for profit organizations was created and signed into law in 2011 with Mr Obazee as the head ,On May 18, 2011 to be precise. This particular tenure ship law which passed through the council was proposed in 2011 but met major resistance from the Federal government under GEJ and some other parties in Government then ,it was taken to court and it was swept under the carpet immediately then in 2011 and never saw the light of the day, that's why most people are just hearing about it now, ,now come 2016 ,the law is revisited, implemented and became effective, October 2016. Lets stop telling lies to justify this.

dawahlarry:

Read about who implemented the law before misleading yourself out of hatred.

Corrinthians:
I can bet my last fvck that INTEGRITY guy is an ipob zombie.

They always reason like donkeys.

Dongreat:
Now this is a sure bet about this man, "Inconsistency". I just supported him on the other thread and here disagreeing with him. Churches are religious bodies registered in any government as a NGO with no aim of profits. One will agree with me that nowadays it's not the case as the overseers of this churches are ranked among wealthiest men in the world with toys ranging from private jets to edifice mansions. If left unchecked these GOs (with massive wealth at their disposal and enormous supporters) will become very powerful that they can decide the affairs of a Nation resulting to chaos in that particular country. In other to checkmate their (GOs) affairs and bring about normality, their must be a rule deciding on the exit of GOs after a stipulated time and no transfer of office to family members. I support this move by the government as it's guaranteed to prevent ill actions from a potential mad and power drunk GO. Imagine a GO with fanatics members of about 80 million adults. That just one man with such power and guess what he can do with such power?? Yea you fears are as good as mine.

Ps: Before you quote me please think out of the box and don't behave like an average Nairalander than quote out of religion beliefs, tribal relationships and political parties. I welcome debates and no insults.

9jakohai:
So, if Adeboye goes, the Church of Nigeria would collapse.? Really?

I am not defending Buhari here. I just find it funny that we Christians talk all day long about Jesus being the head of the church...and start crying when the human leader has to step down.

RCCG was there before Daddy GO...and if it is of God....it will be there long after Daddy GO is gone.

Same thing for Living Faith, Deeper Life, Mountain of Fire and so on. The Church is more than denominations and leaders....it is the living Body of Christ. Time we remembered that.

OBAGADAFFI:




So it is all about their Powers and money.

If the law is all about checkmating the powers of the Pastor, then their are more battles ahead.

The last time i checked those member are a threat to National Security.

bidex:


but this law was made by a regime of christian, why are we one sided like this? this law was made during jonathan era

bid4rich:



You are yet to answer my question because no one ever cry to you that he has been scammed - Sincerely speaking I am yet to understand your argument

Greatfuture:
The Financial Reporting Council (FRC) of Nigeria is a federal government agency established by the Financial Reporting Council of Nigeria Act, No. 6, 2011. It is a federal government Parastatal under the supervision of the Federal Ministry of Industry, Trade and Investment. The FRC is responsible for, among other things, developing and publishing accounting and financial reporting standards to be observed in the preparation of financial statements of public entities in Nigeria; and for related matters.



The Council’s main objects, as defined in the FRC Act, are to:

protect investors and other stakeholders interest
give guidance on issues relating to financial reporting and corporate governance to professional, institutional and regulatory bodies in Nigeria
ensure good corporate governance practices in the public and private sectors of the Nigerian economy
ensure accuracy and reliability of financial reports and corporate disclosures, pursuant to the various laws and regulations currently in existence in Nigeria
harmonise activities of relevant professional and regulatory bodies as relating to corporate governance and financial reporting.
promote the highest standards among auditors and other professionals engaged in the financial reporting process.
enhance the credibility of financial reporting; and
improve the quality of accountancy and audit services, actuarial, valuation and corporate governance standards.

The benefits of high quality Financial Reporting are numerous; amongst which are:

promoting private sector growth and reducing volatility in the economy by strengthening the country’s financial reporting architecture and reducing the risk of financial market crises together with the associated negative economic impact
enhancement of local and foreign Direct and portfolio Investment as investors are better able to evaluate corporate prospects and make informed decisions resulting in access to capital at lower costs.
facilitating the growth of small scale enterprises as their compliance with transparent reporting will provide easier access to credit
facilitating integration into global financial and capital markets
improvement of public sector fiscal discipline and enhancement of value for money; and
generation of employment opportunities.

Operations

High quality financial reporting is a building block of a market-based monitoring of companies, external auditors and other professionals whose work bear upon financial reporting integrity and corporate governance of entities; no matter how remote. This will allow shareholders and the public at large to confidently and objectively assess management performance, thus influencing their behaviour and decisions. High quality financial reporting will also contribute to national public finance by improving the assessment and collection of taxes on corporate profits.

The operating arms of the FRC are:

Directorate of Accounting Standards – Private Sector
Directorate of Accounting Standards – Public Sector
Directorate of Auditing Practice Standards
Directorate of Actuarial Standards
Directorate of Valuation Standards
Directorate of Inspection and Monitoring
Directorate of Corporate Governance