The Trustees of the beacon are responsible for the govemance and oversight of the Integrated Reporting Standards in Nigeria. Each Trustee is expected to have an understanding of, and be sensitive to, intemational issues relevant to the success of an intemational organization responsible for the development of high quality global accounting standards for use in the world's capital markets and by other users.
Know Our Team
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Establishing and amending the operating procedures, consultative arrangement and due process for the Board
Reviewing annually the strategy of the Integrated Reporting and the Board and assessing their effectiveness.
Ensure the financing of the beacon and approve annually ts budget.
PAFA as part of its 2016-2020 strategy aims fo accelerafe implementation of Integrated Reporting (IR) in Africa by ensuring that at least 3 more countries should adopt and implement IR by 2020. To achieve this objective therefore PAFA, working with World Bank decided fo establish and operate the African Integrated Reporting Commitiee (AIRC) which wil oversee implementation of this reform in Africa. The purpose is to serve as an influental Committee that wil promote and support the adoption of IR in Africa, it will also provide strategic thinking on Integrated Reporting. Thus, in order to achieve this objective AIRC shail be comprised of influential policy-makers and other notable Countries thal have Stock Exchange in Africa.
It is pertinent to note that the membership of AIRC was targeted af countries that are likely fo implement the reforms in short fo medium tenns. in this regard, initial 7-member counties were selecied based on maturity of their (a) accountancy profession, (b) financial reporting in the country and (c) capital market.
Underlisted are the initial targer countries
- > Botswana
- > Kenya
- > Mauritius
- > Morocco
- > Nigeria
- > South Africa
- > Zimbabwe
