Under the Financial Reporting Council of Nigeria (FRCN) Act 2011, which body is primarily responsible for promoting and enforcing ethical standards in financial reporting for public interest entities in Nigeria?

The FRCN Act 2011 established the Financial Reporting Council of Nigeria with the mandate to develop and publish accounting and financial reporting standards, promote ethical standards in financial reporting, and ensure good corporate governance practices for public interest entities. The CAC handles company registration under CAMA 2020, the NGX regulates listed securities, and SEC oversees capital markets, but none has the primary mandate for financial reporting ethics that FRCN holds.