Experts urge financial regulatory compliance

Image result for nairaRegulators and operators in Nigeria’s financial sector are looking for ways to strengthen ties, and understand issues relating to non-compliance to financial standards.

They are worried that if this is not checked it could affect confidence and stability of the financial services sector.

Companies across the financial services sector are facing increased risks and challenges, as a result of the constantly evolving complexities presented by the financial accounting reporting and regulatory requirement.

The chairman of the National tax policy document review, Professor Abiola Sanni explains the role his committee is playing in improving and sustaining tax culture, as well as diversifying the national revenue portrait.

The take home at the event is that maintaining regulatory compliance is clearly a top and ongoing concern for all financial organisations.

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