Central Bank of Nigeria - Circular to All Other Financial Institutions (OFIs) - Prudential Adjustments to Financial Statements of Other Financial Institutions


Following the adoption of the International Financial Reporting Standards (IFRS) in line with the national roadmap timelines, it has become necessary to reiterate, for the attention of all OFIs, the need to exercise due care and caution in financial reporting in order that financial statements present a true and fair view of their operating results and financial positions. As a result, the Central Bank of Nigeria (CBN) mandates that all OFIs insert a "Statement of Prudential Adjustments" in their financial statements, in the "Notes to the Financial Statements".

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Friday, October 11, 2013
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Central Bank of Nigeria
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