Find out more about The 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 practice 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.
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