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The Institute of Chartered Accountants of Nigeria (ICAN) is a professional accountancy body in Nigeria. It is one of the two professional accountancy associations with regulatory authority in Nigeria, the other being the Association of National Accountants of Nigeria (ANAN). [1] The relationship between the two organizations has been tense.
The new body would be independent of both ANAN and ICAN. [21] In May 2008 the House of Representatives rejected a bill to establish the Chartered Institute of Management Accountants of Nigeria (CIMA) as an alternative to both the ANAN and ICAN. The House was concerned about proliferation of accounting bodies. [22]
As at September 2015, it had 8,200 members working in and outside Nigeria. It also has 4,500 registered students. The institute is recognized by the Financial Reporting Council of Nigeria [2] as it is in its institutions list for education and promotion of cost and management accounting in Nigeria.
The NAA is an academic society aimed at advancement of the accounting discipline and accounting profession in Nigeria. [3] Members are usually members of the Association of National Accountants of Nigeria (ANAN) and/or the Institute of Chartered Accountants of Nigeria (ICAN). [4] NAA is a member of the Financial Reporting Council of Nigeria. [5]
The association was established on 10 August 1982 in Lagos, Nigeria, and was registered as a corporation in 1994. ABWA was initially collocated with the Institute of Chartered Accountants of Nigeria (lCAN) in Lagos. In May 2002 the association's headquarters moved to the ICAN building in Abuja. [1]
Trump has promised to exempt Social Security benefits from income taxes, which would cost the program $2.3 trillion over a decade. The program is already on shaky financial footing as the nation ages.
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