Churches, mosques face penalty for poor financial reporting

The Federal Government through the Financial Reporting Council of Nigeria has given religious and other not-for-profit organisations until January 1, 2014, to start reporting their profit-making subsidiaries as business entities in line with a new financial reporting regime, or risk   penalties. Also, under another financial regime, whose deadline has not been fixed, the FRC will […]

Churches, mosques face penalty for poor financial reporting

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