SEC issues guidance on implementation of Investments and Securities Act 2007

sEC yUGUDA

By the Security and Exchange Commission __________________________ In response to the eruption of corporate scandals in 2001 involving financial reporting and accounting practices, several jurisdictions enacted legislations to enhance transparency and uphold the integrity of financial markets. As part of the efforts to reform corporate financial reporting in Nigeria, the Federal Government of Nigeria passed the amended Investments and Securities Act (ISA), 2007 which provides as follows: Section 60 (2) – the chief executive officer and the chief financial officer or officers or persons performing similar functions to personally certify…

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