About Institute of Chartered Accountants of Nigeria (ICAN)
The Institute of Chartered Accountants of Nigeria (ICAN) was established by Act of Parliament No. 15 of 1965 to:
(i) determine what standards of knowledge and skill are to be attained by persons seeking to become members of the accountancy profession and to raise those standards from time to time as circumstances may permit;
(ii) secure in accordance with the provision of the Act, the establishment and maintenance of the registers of fellows, associates and registered accountants entitled to practise as accountants and auditors and to publish from time to time a list of those persons;
(iii) perform, through the Council of the Institute, all other functions conferred on it by the Act.
As the foremost professional accounting body in the West African sub-region, in 1982, ICAN initiated and contributed significantly to the formation of the Association of Accounting Bodies in West Africa (ABWA).
In fulfilling it mission, the Institute has over the years certified 38,000 Chartered Accountants who are engaged in value creation in various sectors of the economy. Apart from being in professional practice, ICAN members are engaged in the three tiers of public service as well as the private sector.
Accounting Technician Scheme
In order to facilitate the production of middle level manpower needed by the nation in the development process, ICAN introduced the Accounting Technicians Scheme in 1989. Under the Scheme, about 13,000 Accounting Technicians have been trained and issued the Associate Accounting Technicians' (AAT) certificate which the Federal Ministry of Establishment has certified as the equivalent of the National Diploma of Polytechnics and Colleges of Technology in the Federal Scheme of Service.
The Institute conducts two examinations: the Professional Examinations (PE) and the Accounting Technicians' Scheme (ATS) Examinations. Holders of a Bachelor's degree or Higher National Diploma in any discipline obtained from recognised tertiary institutions and holders of the ICAN AAT qualification are eligible to sit the Institute's Professional Examinations. Candidates for the ATS examinations must have five Ordinary Level credits (including English and Mathematics) obtained at not more than two sittings. ATS examinations are now being conducted under the auspices of ABWA as ATS West Africa (ATSWA) to enhance mobility of middle level manpower within the West African sub region.