The Gambia Financial Reporting Oversight Board embarked on a public relations
(PR) visibility campaign about the FROB’s mandate, vision, and core values. The
campaign took the format of a radio talk show and highlights the need for FROB
in the country as an effective oversight body over Public Interest Entities (PIEs),
PIE Auditors and Gambia Institute of Chartered Accountants (GICA).
The Program begun by giving a background to the establishment of FROB by the
Financial Reporting Act 2013 and its recent appointment of the management
team in mid-2022.
The radio show discussion was hosted by the famous Mr Peter Gomez Coffee
time radio show and Presented by Mr Modou L Camara, Head, Technical
Department FROB and supported by his assistant Mr Mustapha Gai.
Listen to the full Radio Program
The presentation then focused on the benefits of regulatory oversight on the
Stock Market and providers of capital, how the FROB work provides assurances
to the market participants and ultimately in the protection of the Public Interest.
This was followed by addressing the potential expectation gap between what the
FROB does as mandated by the FR Act 2013 compared to what the Standards
Committee is mandated to carry out.
The Presenter then introduced new revelations in 2023 pursuant to section 2 (e)
of the FR Act 2013 which has a resultant effect of increasing the PIE number
base and satisfying a key provision of the Act.
This was concluded by the presenter introducing current developments in the PIE
regulatory space affecting PIEs, PIE auditors and professionals involved in the
financial reporting process.
