As part of the process of developing a uniform accounting framework to facilitate the review and analysis of the licensees’ financial statements, the Nigerian Electricity Regulatory Commission (NERC) in collaboration with the Financial Reporting Council (formerly Nigerian Accounting Standards Board), agreed on the adaptation of the US Federal Energy Regulatory Commission (FERC) 2009 version of the Uniform System of Accounts (USOA). In a statement by the Assistant General Manager, Media, Maryam Abubakar, noted that the draft was discussed with industry participants at interactive workshops in Calabar and Kaduna respectively.
Thursday, 23 May 2013
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