OUR VISION
To be one of the world’s leading accounting standard setting bodies with the primary aim of promoting and sustaining investors’ confidence in published financial reports.

MISSION STATEMENT
Promoting general acceptance of published financial reports by developing high quality accounting standards that are consistent with international practices and ensuring strict compliance with the standards thereby enhancing investor confidence in the Nigerian economy.

OBJECTIVES
• To develop and publish in the public interest, high quality accounting standards to be observed in the preparation of financial statements;
• To promote the general acceptance and adoption of such standards by preparers and users of financial statements;
• To promote and enforce compliance with the accounting standards developed;
• Review from time-to-time the accounting standards developed in line with the prevalent social, economic and political environment;
• Receive copies of all qualified reports together with detailed explanations for such qualifications from auditors of the account within a period of 60 days from the date of such qualification;
• Advise the Minister on the making of regulations under Section 356 of the Companies and Allied Matters Act 1990;
• Advise the Federal Government on matters relating to accounting standards;
• To actively participate in the development of accounting standards internationally; and
• To promote and support research in the financial reporting, in particular, for emerging markets.