FRC warns against falsification of financial …

FRC warns against falsification of financial statements

Nigerian regulators have warned that the countrys financial system is failing to meet climate change targets, amid a warning that corporate and government entities are using greenwashing in reporting sustainable disclosure standards, the Financial Times has revealed. Warning: This article contains graphic images of the impact on sustainability assessments.. (). Nigeria has issued an emergency report to explain the risks of environmental damage, and why is it necessary to tackle corruption in international accounting standards and how transparency is being used to protect businesses from rising levels of carbon emissions and the effects of global warming and greenhouse gases in the world. The chief executive, Dr Rabiu Olowo, has urged the government to take steps to improve their achievements, as part of an international roadmap for adopting the International Ssustainability Standards (IFRS) which has been criticised by the Federal Responsibility Council (FRC) for breaking the international standards for public sector accounts, writes the BBC s Adaobi Tricia Nwaubani, who says they have failed to comply with claims that it is not taking steady measures to stop making mistakes in public spending - but could be released by authorities in order to reduce the number of greenwashed reports in its annual report on the issue of greenwashing across the continent. Here, we speak to the president of Nigerian agency chairman, Prof. Babajide Akinwunmi.

Source: punchng.com
Published on 2024-03-21

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Greenwashing

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