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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.
Headquarters. Office of the Auditor General for the Federation (OAuGF) is a constitutional body and the Supreme Audit Institution of Nigeria. [1] [2]It derives its mandate from the 1999 Constitution of the Federal Republic of Nigeria, as amended (Sections 85 and 86).
None of the "firms" within the Big Four is actually a single firm; rather, they are professional services networks.Each is a network of firms, owned and managed independently, which have entered into agreements with the other member firms in the network to share a common name, brand, intellectual property, and quality standards.
He said that the Nigerian Accounting Standards Board (NASB) Act 2003 said that only the board could set standards for the accounting profession. [20] In June 2010 Mr. Godson Nnadi, Executive Secretary of Nigeria Accounting Standards Board, spoke in favor of a new body to set accounting and auditing standards for Nigeria and other African nations.
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 Financial Reporting Council (FRC) of Nigeria, formerly the Nigerian Accounting Standards Board (NASB), is an organization charged with setting accounting standards in Nigeria. On Thursday, 6 May 2021, Shuaibu Adamu Ahmed was inaugurated by the Minister of Industry, Trade and Investment, Adeniyi Adebayo, as the Executive Secretary/Chief ...
The Nigerian College of Accountancy is headed by a Director General who is a Certified National Accountant. He is the Chief Executive and Accounting Officer of the College. The Governing Board of the Nigerian College of Accountancy consists of eight (8) Certified National Accountants with the Director General as Member/Secretary to the Board.
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]