The excellent way to get a reputation as an Accountant is to become a Chartered Accountant. To emerge as one, you need to sign in with an Accounting Body. As an Accountant who wants to get chartered in Nigeria, you want to recognize the way to check-i. n for ICAN (Institute of Chartered Accountants of Nigeria), hence, this article. NaijOnline has positioned down what you need to recognize about ICAN and what you want to do to check-in in this ICAN Registration Step via Step Process, Requirement, and Setup Guideline writes up.
However, as a scholar, you want a guide always.
ICAN isn’t always simplest for Nigerians, however, they’ve additionally come to be popular in different countries which includes the UK.
About ICAN – Institute of Chartered Accountants of Nigeria
The Institute of Chartered Accountants of Nigeria is a professional accountancy frame in Nigeria. It is also one of the expert accountancy institutions with the regulatory authority in Nigeria, the opposite being the Association of National Accountants of Nigeria.
I turned into created by using an Act of Parliament No. 15 of 1 September 1965 from present accounting and auditing groups consisting of the Association of Accountants in Nigeria (AAN). Its undertaking statement is: “to supply world-class chartered accountants, modify and continuously decorate their ethical requirements and technical competence in the public interest”.
The Council, Board, and Committee structure of ICAN governs the body as a whole. The Governing Council is chargeable for the management and popular control of the Institute. It also offers policy direction via its oversight capabilities and holds its meetings, which can be largely paperless, at least once a month.
Over the years, ICAN has to turn out to be a large community of accountants that have certified greater than 38,000 public accountants running in exclusive sectors of the economy.
ICAN Nigeria gives types of exams. The first type is that of professional assessments and the second type is that of the Accounting Technician Scheme(ATS).
It is aimed at holders of a degree or national degree in any field from approved schools, holders of the ICAN AAT degree, or every other qualification in the intervening time approved by way of the Council.
Professional Student Approved Certificates
The following are the approved certificates or qualifications additionally accepted using ICAN for proceeding expert students.
The final exam of any of the subsequent bodies: Institute of Chartered Secretaries and Administrators, former Corporation of Secretaries, Association of International Accountants, Chartered Institute of Bankers of Nigeria, Chartered Institute of Stockbrokers, Chartered Institute of Taxation of Nigeria, Association of Accounting Technicians, U.K or Association of National Accountants of Nigeria (ANAN).
Executive Management Accountancy (Federal Treasury Training School, Stage III)
The final examination of the Accounting Technicians Scheme, West Africa (ATSWA).
Accounting Technician Scheme(ATS)
The goal of the Accounting Technicians Scheme West Africa (ATSWA) application is to produce middle-degree Accounting Technicians within the West African sub-region.
The goals of ATSWA are to:
offer a diagnosed qualification for the accounting and auditing personnel employed inside the public sector, industry, trade and in diverse workplaces or working towards accountants
assist meet the want for middle-level accounting employees in the economy in particular for the accounting and finance departments of various government corporations and corporations.
However, this application is for those who’ve obtained five O’ degree credits (math and English included) in two classes or less.
If you’re eligible for ICAN registration, then, you are to offer the following minimum entry necessities are accepted by the Council for the distinctive assessments:
For Professional students
1. The degree of any University or Higher National Diploma of any Polytechnic accredited through the Council.
2. Any different qualifications in the meantime approved with the aid of the Council.
For ATSWA students
1. Five (5) credit passes in any issue which includes English Language and Mathematics within the West Africa School Certificate Examination, General Certificate of Education or Senior School Certificate of Education, NECO equivalent not more than sittings or NABTEB.
2. Ordinary National Diploma of any Polytechnic identified by the Council of the Institute
three. National Certificate in Education (NCE) from any College of Education.
Besides, if you are interested in the ICAN examination registration or the ICAN registration in its entirety, read on. We will let you know all about this, along with the topic of ICAN’s online registration.
There are two routes to end up an accountant with ICAN. It’s both you be part of as a professional pupil or as an Accounting Technicians Scheme West Africa (ATSWA) scholar.
As A Professional Student
To register as an expert scholar with the Institute, an applicant must preserve a qualification, not beneath a University diploma or its equivalent.
How to Register For ICAN As A Professional Student
As an eligible applicant for ICAN registration, you’re to:
Pay a professional exam registration charge is ₦7000 (bank fees no longer included) by way of paying without delay at any commercial bank in Nigeria, WEB-PAY, or QUICK-TELLER on the ICAN website.
After payment, use the transaction reference and receipt wide variety to complete your form online at the ICAN internet site.
Applicants can preserve their registration through clicking at the hyperlink: http://icanig.Org/RPlogin.Php
Get a colored passport picture of yourself. Scan it and add it to the registration form. Then click on submit after completing the shape.
Print out the completed shape and sign it.
Find a chartered accountant sponsor/referee to endorse & certify your software form and credentials on finishing touch. Also, provide their name, membership number, and get in touch with number.
Your utility will no longer be whole without a duplicate of your WASC certificate, the PIN voucher, certified passport photographs, three empty envelopes with your deal with and N50 stamp on each of them, a replica of your birth certificates and the unique of the financial institution teller.
Applicants are to attach the following documents on application and additionally, put up the tough copies to any ICAN office near them:
Original reproduction of the pay direct receipt/transaction reference
Certified photocopies of your credentials and educational qualifications and any of (NYSC discharged certificate, call-up letter, or students’ academic transcripts). The transcripts ought to be addressed to the Registrar/Chief Executive of the Institute.
Two certified passport photographs.
Three empty envelopes with your address and N50 stamp on each of them.
After this, your registration will be complete. Furthermore, you could proceed to check your Exam/Financial Status on the page by way of clicking on the hyperlink under: here
However, when you have any questions or problems, you could send an electronic mail to professionalexams@ican.Org.Ng.
As An ATSWA Student
The ATSWA curriculum is divided into three elements and each part includes four (4) subjects. ICAN awards the AAT certificate upon the successful final touch of the Accounting Technicians Scheme of West Africa (ATSWA) Examinations.
Furthermore, the length for completing the examination of the 3 degrees is at the very least 15 months for people with a normal level certificate and six to one year for people with a better certificate but now not a degree certificate. However, the exam takes region twice a year, that is, March and September.
How to Register For ICAN As An ATSWA Student:
Pay an ATSWA registration charge is ₦6000 (bank fees not included) via paying at once at any commercial bank in Nigeria or through WEB-PAY or QUICK-TELLER at the ICAN internet site.
Use the transaction reference and receipt number to generate your PIN and SERIAL NUMBER here.
Get a colored passport-format image of yourself. Scan it and upload it to the registration shape. Then, click to put up after completing the form.
Print out the completed form and sign it.
Find a chartered accountant or an Associate Accounting Technician (AAT) sponsor/referee to
endorse & certify your software form and credentials on finishing touch. Also, offer their name, club quantity, and make contact with quantity.
Attach the under files and put up the hard copies to any of our workplaces;
Original replica of the pay direct receipt/transaction reference
Certified photocopies of your credentials any (NECO, WASCE, NABTEB, OND, NCE)
A copy of your birth certificates
Two certified passport photographs.
Three empty envelopes with your address and N50 stamp on each of them.
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How to Register to Become A Member
Visit any commercial financial institution in Nigeria and pay the Induction rate of N90,000.
Get a receipt for your charge and go to the ICAN website through the hyperlink: http://www.Icanonline-ngr.Com/paydirect to begin the registration.
Fill to your deposit slip and receipt numbers inside the required fields to generate PIN and serial number.
On the registration page, kind for your Student Registration Number, serial quantity, and the PIN.
Fill within the shape and add a good first-rate passport-format picture of yourself. Submit your application.
On of completion, print out the shape and get your referees to signal it.
Attach the files you may find at this link.
Submit the completed form and the proof of fee to ICAN, Plot 16, Idowu Taylor Street, Victoria Island, Lagos, or any ICAN office near you.
Recognized ICAN Tuition Centres centers are set up to help you put together to your Exams. At these ICAN tutorial facilities, you get to recognize extra approximately the dos and don’ts of ICAN, its registration, examinations, and how to solve questions.
The institute is in fee of the recognition/re-popularity workout for the cause of assessing the centers and trendy of tuition delivery at all identified tuition facilities and the new ones.
Click at the link underneath for the list of recognized tuition facilities near you, their deal with, email, and other necessary data:
To learn greater approximately the recognition/re-recognition exercise by ICAN, click on the link under: right here
For more records on ICAN, registration, requirements, club, charge renewal, management crew, offices, upcoming programs, and conferences, visit the link underneath: here
For the Professional students, click on http://icanig.Org/new/students/expert-students
For the ATSWA students, click: http://icanig.Org/new/students/atswa-students
Click right here for participants portal: https://icanportal.Org/participants
Frequently Asked Questions
What is ICAN?
The phrase ICAN is an acronym that stands for the Institute of Chartered Accountants of Nigeria. The Institute of Chartered Accountants of Nigeria is a professional accountancy body in Nigeria. It is additionally one of the expert accountancy associations with the regulatory authority in Nigeria, the alternative being the Association of National Accountants of Nigeria.
How a good deal is ICAN registration?
An expert pupil will pay a sum of ₦7,000 as the registration charge for the professional examination. This is not such as any costs. You may pay some extra costs for online processing in cyber cafes.
How do I discover my ICAN registration number?
After you have finished the registration, go to the ICAN official internet site to test your registration
variety or click in this link http://icanig.Org/new/ and comply with the prompts to check it immediately.
What are the requirements for ICAN?
If you genuinely prefer to be an ICAN member, you’re anticipated to be a qualified accountant with work revel in inside the accounting or related field. In different words, in case you are a college certified accountant, you ought to have at the least 3 years of revel in