Section 11: Objects of the Council.(as amened by Section 4 of the Financial Reporting Council of Nigeria (Amendment) Act, 2023.)

The objects of the Council shall be to-(a) protect investors and other stakeholders interest;
(b) give guidance on issues relating to financial reporting and corporate governance to bodies listed in section 2 (2) (b) of this Act;
(c) ensure good corporate governance practices in the public and private sectors of the Nigerian economy;
(d) ensure accuracy and reliability of financial reports and corporate disclosures, pursuant to the various laws and regulations currently in existences; and
(e) harmonize activities of relevant professional and regulatory bodies as relating to Corporate Governance and Financial Reporting.