Who is the owner of ICAN?

The Institute of Chartered Accountants of Nigeria (ICAN) is a professional accountancy body in Nigeria….This article may require copy editing for grammar, style, cohesion, tone, or spelling.

Formation 1 September 1965
Remarks Registrar/ CEO, Prof. Ahmed Kumshe

How many professional accounting bodies do we have in Nigeria?

There are three (3) professional accounting bodies in Nigeria which are recognised by law through an act of parliament, namely Institute of Chartered Accountants of Nigeria (ICAN), Association of National Accountants of Nigeria (ANAN) and Chartered Institute of Management Accountants (CIMA) of Nigeria.

What are the professional accounting bodies in Nigeria?

Currently, there are two bodies chartered in Nigeria by the legislature to licence professional accountants- The Institute of Chartered Accountants of Nigeria (ICAN) and the Association of National Accountants of Nigeria (ANAN).

What is the difference between Anan and ICAN?

The Association of National Accountants of Nigeria (ANAN) is one of the two professional accountancy associations with regulatory authority in Nigeria, the other being the Institute of Chartered Accountants of Nigeria (ICAN). A consultant offering financial services in Nigeria must be a member of either ANAN or ICAN.

What is ICAN qualification called?

The professional qualification of the Institute of Chartered Accountants of Nigeria (ICAN) which ultimately leads to the admission of qualified persons as Associate Chartered Accountants (ACA), comprises qualifying examinations of sixteen technical subjects integrating business and professional ethics and work …

Is ICAN and ACA the same?

To become an ACA, you must first register as ICAN Professional Student, sit for and pass all requisite examinations. Read More . After passing the examinations you must possess at least 36 months working experience before applying for induction as a new member.

How many accountancy bodies are there?

six
Despite all attempts at mergers, there are six major accountancy bodies (ICAEW, ICAS, ICAI, ACCA, CIMA and CIPFA).

Is ICAN Recognised by IFAC?

ICAN is the only accountancy body in Nigeria recognized by the International Federation of Accountants (IFAC). As the foremost professional accounting body in the West African sub-region, ICAN formed the Association of Accounting Bodies in West Africa (ABWA) in 1982.

Is ICAN Recognised by Wes?

WES Canada does not recognize the Institute of Chartered Accountants of Nigeria’ certificate during evaluation. The Institute of Chartered Accountants of Nigeria is a world recognised and reputable institution. It Issues a certificate after completing rigorous multi-stage examinations and is a post graduate program.

What are the professional bodies in Nigeria?

There are many professional bodies in Nigeria today. Professions like accounting, engineering, banking, surveyor, medicine, etc. all have professional bodies, associations, and institutions in Nigeria. Being a member of a professional body in your profession is very important.

Which is the best professional body for economists in Nigeria?

Institute of Chartered Economists of Nigeria (ICEN): The ICEN is the professional regulatory body for all economists in Nigeria. They are concerned about the training and regulation of the practice of the profession among all economists.

Who regulates Accountants in Nigeria?

ICAN is the body that is in charge of the regulation of the accounting practice in Nigeria. They train and register all successful members who pass their exams and are then recognized as chartered accountants.

What are the benefits of professional certifications in Nigeria?

It advances your career and opens you up to a lot of opportunities to get to the peak level of your career in Nigeria. Some of the professional bodies have short courses which award professional certificate to its members. These certificates are rated highly by employers and for executive positions in Nigeria.