Find out more about The Institute of Chartered Accountants of Nigeria (ICAN)
The Institute of Chartered Accountants of Nigeria (ICAN) was established by the Act of Parliament No.15 of 1965 to regulate the practice of Accountancy Profession in Nigeria and to set standards to be attained by persons seeking to be members of the profession.
From its modest beginning with 250 members and a history of serving the public interest since 1965, the Institute has become Africa’s largest Professional Accounting Organization representing over 46,000 Chartered Accountants and 23,000 Associate Accounting Technicians who are very talented, ethically committed professionals working in every sphere of the Nigerian economy, combining unrivalled knowledge and skills to support Businesses, Public Sector organizations, Academia, Not-for-Profits, Individuals and Communities to achieve their financial and strategic goals.
The Institute regulates ethical standards for the profession and has a strong mechanism for enforcing its compliance by all members. ICAN develops and assesses the highest quality Qualifying Examinations for Professional Accountants in Africa, and offers specialty credentials through 7 Specialist Faculties for Chartered Accountants who choose to concentrate on specialist accounting profession.
ICAN is a founding and prominent member of the International Federation of Accountants IFAC, the body that regulates the Accountancy profession worldwide.
To produce world-class Chartered Accountants, regulate and continually enhance their ethical standards and technical competence in the public interest.
To be a leading global Professional body
First launched in 2001, the Faculties were created to provide technical support to members based on their peculiar professional needs. As distinct from the Sections which the Institute initially created as associations or groups of professionals that operated in the same sector, Faculties are Centres of Excellence which bring together experts committed to the expansion of the frontiers of knowledge in a particular field of Accountancy. One key objective for creating Faculties is to help the Institute regulate the practice of special branches of accountancy in which some members operate as well as open more channels of communication between the Institute and its members that perform various specialized functions in the economy..Read More
In order to facilitate and enhance the continuous professional development of all chartered accountants in compliance with international standards, the Institute’s Mandatory Continuing Professional Development (MCPD) was introduced Learn More
The rapidly changing business environment coupled with disruptive technology places increasing demand on the professional competence READ MORE
Objective of MCPD Programme
To develop and maintain the professional competence necessary for professional accountants READ MORE
MCPD Credit Hour Requirements
The MCPD is Compulsory for EVERY QUALIFIED MEMBER, of the Institute whose membership is current. READ MORE
Every member of the Institute is required to obtain a minimum of thirty (30) credit hours in a year. MCPD credit hours is obtainable both for structured and unstructured activities CLICK TO VIEW