The institute of Chartered Accountant of Nigeria ICAN Exemption for Professional Qualifications such as Associate Chartered Institute of Bankers of Nigeria (ACIBN), Associate Chartered Institute of Taxation of Nigeria (ACITN), Nigeria Institute of Management (Chartered), Certified National Accountant of Nigeria (CNA), ACCA etc.
The Exemptions for Professional Qualifications enable someone to become a Chartered Accountant in no time by taking full advantage of the exemptions from ICAN.
ICAN Exemption for Professional Qualifications Guidelines and Fees
| Qualifications | Exemptions | ||
| a | Associate Chartered Institute of Bankers of Nigeria (ACIBN) | All subjects in Foundation Level and B2. Audit and Assurance B6. Corporate Strategic Management and Ethics | 82,800.00 |
| b | Associate Institute of Financial Services, UK (Formerly Chartered Institute of Bankers, London) | A2. Business, Management and Finance A3. Financial Accounting | 28,700.00 |
| c | Associate Chartered Institute of Stock Brokers of Nigeria (ACIS) | A2. Business, Management and Finance A3. Financial AccountingA5. Business Law | 34,900.00 |
| d | Associate Institute of Chartered Secretaries and Administrators (AICSA) | A2. Business, Management and Finance A3. Financial AccountingA5. Business Law | 34,900.00 |
| e | Associate Chartered Institute of Insurance of Nigeria (ACIIN) | A2. Business, Management and Finance A5. Business Law | 28,700.00 |
| f | Associate Chartered Institute of Taxation of Nigeria (ACITN) | All subjects in Foundation Level except Management Information (A4.) plus B3 Taxation in Skills | 66,600.00 |
| g | Certified National Accountant of Nigeria (CNA) | All subjects in Foundation and Skills Levels | 122,800.00 |
| h | Nigeria Institute of Management (Chartered) | A1. Business, Management and Finance | 22,500.00 |
| i | Executive Management in Accounting (EMA) obtained from Federal Treasury Academy with effect from 1987 (Formerly Federal Treasury Training School) | All subjects in Foundation Level B2. Audit and Assurance | 72,800.00 |
| j | ICAEW | All levels but to write examination of experience | 202,250.00 |
| k | CIPFA, UK | All levels except the following subjects in each of the level: A5. Business Law C4. Advanced Taxation | 184,800.00 |
| l | CIMA, UK | All levels except C2. Advanced Audit and Assurance | 191,000.00 |
| m | ACCA, UK CPA, USA ICAS, UK ICAI, UK | All levels except the following subjects in each of the level: A5. Business Law B5. Public Sector Accounting & Finance C4. Advanced Taxation | 174,800.00 |
| n | ACCA, UK CPA, USA ICAS, UK ICAI, UK in addition to B.Sc In Accounting Obatain from Nigeria | All levels except the following subjects in each of the level: A5. Business Law B5. Public Sector Accounting & Finance C4. Advanced Taxation | 181,000.00 |
| 0 | AIA (Final) with effect from 1994 AAT (UK) | A2. Business, Management and Finance A3. Financial Accounting A4. Management Information B2. Audit and Assurance | 66,600.00 |
| p | AIA (Pre-1994) | A2. Business, Management and Finance A3. Financial Accounting A4. Management Information | 34,900.00 |
| Levels | Rates | |||||
| 1 paper | 2 papers | 3 papers | 4 papers | 5 papers | 6 papers | |
| Foundation | 22,500.00 | 28,700.00 | 34,900.00 | 41,100.00 | – | – |
| Skills | 31,700.00 | 41,700.00 | 51,700.00 | 61,700.00 | 71,700.00 | 81,700.00 |
| Professional | 34,450.00 | 45,700.00 | 56,950.00 | 68,200.00 | 79,450.00 | – |
Source: ICAN
Payment for Exemption for Professional Qualifications
Exemption payment for professional qualification can be made HERE
Check Also: ICAN Tutorial Centres In Nigeria
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