Institute of Chartered Accountant of Nigeria (ICAN)
HOW TO BECOME ICAN MEMBER
Are you looking for a career that holds the allure of self employment for dedicated and hardworking men and women with the Institute of Chartered Accountant of Nigeria ICAN?
Are you looking for a career that offers prestige, respect, great prospect and excellent financial rewards?
Do you desire a viable option to enter the job market upon qualification without stress?
If your answers to the above are YES, then, accountancy profession is the perfect option and Institute of Chartered Accountant of Nigeria ICAN will take you through.
There are two routes to become Chartered Accountant in Nigeria, that is Associate Chartered Accountant (ACA):
AS A PROFESSIONAL STUDENT:
The degree of any University or Higher National Diploma of any Polytechnic accredited by the Council.
And any other qualification for the time being approved by the Council. Click here ICAN Professional Students
The Council has accepted the following qualifications for the purpose of entry requirements:
1. The degree of any University or Higher National Diploma of any Polytechnic accredited by the Council.
2. Any other qualification for the time being approved by the Council.
1. Professional examination registration fee is ₦7000 (bank charges not included) payable using any of the following methods of payment;
- PAY-DIRECT at any commercial bank in Nigeria
- WEB-PAY
- QUICK-TELLER
2. Use the transaction reference and receipt number to complete your form online on our website. A box will pop up.
3. Click to submit on completion of the form.
4. Print out the completed form and sign it.
5. Attach the below documents and submit the hard copies to any of our offices.
- Original copy 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 should be addressed to Registrar/Chief Executive of the Institute.
NOTE: YOU WILL REQUIRE A CHARTERED ACCOUNTANT TO ENDORSE YOUR APPLICATION FORM & CREDENTIALS ON COMPLETION.
- The final examination of the Institute of Chartered Secretaries and Administrators
- The final examination of the former Corporation of Secretaries.
- The final examination of the Association of International Accountants
- The final examination of the Chartered Institute of Bankers of Nigeria
- The final examination of the Chartered Institute of Stockbrokers
- The final examination of the Chartered Institute of Taxation of Nigeria
- The final examination of the Association of Accounting Technicians, U.K.
- The final examination of the Association of National Accountants of Nigeria (ANAN)
- Executive Management Accountancy (Federal Treasury Training School, Stage III)
- The final examination of Accounting Technicians Scheme, West Africa (ATSWA).
EXEMPTION GUIDELINES AND FEES
| Academic Qualification | Exemptions | Fee N | |
|---|---|---|---|
| A | Ph.D.(Accounting) with M.Sc. (Accounting) and B.Sc.(Accounting) | All subjects in Foundation and Skills Levels | 119,000.00 |
| B | M.Sc. (Accounting) obtained from ICAN accredited institutions in addition to B.Sc. in Accounting.) |
| 89,000.00 |
| C | M.Sc. (Accounting) obtained from ICAN accredited institutions but without B.Sc. in Accounting. |
| 34,900.00 |
| D | M.Sc. (Accounting) obtained from non-accredited institutions in addition to B.Sc. in any accounting related discipline. |
| 34,900.00 |
| E | B.Sc/HND (Accounting) obtained under the Mutual Co-operation Agreement with Tertiary Institutions (MCATI) |
| 119,00.00 |
| F | ATSWA (2010 ) |
| 79,00.00 |
| G | ATS II (2005) |
| 34,900.00 |
| H | B.Sc./HND (Accounting) obtained from ICAN accredited Institutions in Nigeria. |
| 79,000.00 |
| I | B.Sc./HND (Accounting) obtained from recognised institutions in Nigeria but not yet accredited by ICAN. |
| 34,900.00 |
| J | B.Sc./HND (Accounting) obtained from foreign recognised Institutions. |
| 28,700.00 |
| K | B.Sc. Economics | A2. Business, Management and Finance | 22,500.00 |
| L | B.Sc. Actuarial Science |
| 28,700.00 |
| M | B.Sc./HND Insurance |
| 28,700.00 |
| N | B.Sc./HND/B.A Business Admin/Management/Public Administration |
| 28,700.00 |
| O | B.Sc./HND Banking and Finance |
| 28,700.00 |
| P | B.Sc./HND Marketing |
| 28,700.00 |
| Q | MBA in addition to B.Sc./HND in non- accounting discipline |
| 28,700.00 |
| R | B.Sc. (Ed.) Accounting or B.Ed. Business Education (Accounting option) |
| 34,900.00 |
| S | B.Ed. Education Management (Accounting Option) |
| 28,700.00 |
| T | B.Sc./B.A Commerce |
| 28,700.00 |
| U | B.Sc./HND Cooperative and Rural Development |
| 28,700.00 |
| V | LL.B/LL.M/LL.D | A5. Business Law | 22,500.00 |
Professional qualifications | |||
| Qualifications | Exemptions | Approved Rate N | |
| a | Associate Chartered Institute of Bankers of Nigeria (ACIBN) | All subjects in Foundation Level except Taxation (A1.) | 41,100.00 |
| b | Associate Institute of Financial Services, UK (Formerly Chartered Institute of Bankers, London) |
| 28,700.00 |
| c | Associate Chartered Institute of Stock Brokers of Nigeria (ACIS) |
| 34,900.00 |
| d | Associate Institute of Chartered Secretaries and Administrators (AICSA) |
| 34,900.00 |
| e | Associate Chartered Institute of Insurance of Nigeria (ACIIN) |
| 28,700.00 |
| f | Associate Chartered Institute of Taxation of Nigeria (ACITN) | All subjects in Foundation Level except Management Information (A4.) | 41,100.00 |
| g | Certified National Accountant of Nigeria (CNA) | All subjects in Foundation and Skills Levels | 119,000.00 |
| h | Federal Treasury Academy with effect from 1987 (Formerly Federal Treasury Training School) (EMA) |
| 79,000.00 |
| i | CIMA, UK | All levels except
| 187,200.00 |
| j | ACCA, UK CPA, USA CIPFA, UK ICAS, UK ICAI, UK | All levels except the following subjects in each of the level:
| 171,000.00 |
| k | ICAEW | All subjects at all levels | 198,450.00 |
| l | AIA (Final) with effect from 1994 AAT (UK) |
| 66,600.00 |
| m | AIA (Pre-1994) |
| 34,900.00 |
AS AN O/LEVEL or (ATSWA) STUDENT:
The Accounting Technicians Scheme West Africa (ATSWA) programme is designed to produce middle level Accounting Technicians within the West African sub-region.
The ATSWA syllabus is divided into 3 parts and each part consists of four (4) subjects.
Associate Accounting Technician (AAT) Certificate is awarded upon successfully completing the Accounting Technicians Scheme of West Africa (ATSWA) Examinations.
The duration for the completion of the 3 level examination is a minimum of 15 months for those with ordinary level certificate and 6-12 months for those with higher certificate but not a degree certificate. The examination takes place twice a year i.e. March and September. Click here ICAN ATS Students
ATSWA study packs are available for free download HERE
- Five (5) credit passes in any subject including English Language and Mathematics in the West Africa School Certificate Examination, General Certificate of Education or Senior School Certificate of Education, NECO equivalent not more than two sittings or NABTEB.
- Ordinary National Diploma of any Polytechnic recognised by the Council of the Institute
- National Certificate in Education (NCE) from any College of Education.
. ATSWA registration fee is ₦6000 (bank charges not included) payable using any of the following methods of payment;
- PAY-DIRECT at any commercial bank in Nigeria
- WEB-PAY
- QUICK-TELLER
2. Use the transaction reference and receipt number to generate your PIN and SERIAL NUMBER here.
3. Click to submit on completion of the form.
4. Print out the completed form and sign it.
5. Attach the below documents and submit the hard copies to any of our offices;
- Original copy of the pay direct receipt/transaction reference
- Certified photocopies of your credentials any (NECO,WASCE, NABTEB, OND, NCE)
NOTE: YOU WILL REQUIRE A CHARTERED ACCOUNTANT OR ASSOCIATE ACCOUNTING TECHNICIANS (AAT) TO ENDORSE YOUR APPLICATION FORM & CREDENTIALS ON COMPLETION.
These are the recognize and certified tuition centres for both ATSWA and Professional Examinations. Click here for the CENTRES
ATS EXEMPTION FEES | |||
S/N | QUALIFICATION | LEVEL OF EXEMPTION | CURRENT RATE(=N=) |
| 1 | OND Accounting (Accredited Institution) | Part I & II (All Subjects) | 25,680.00 |
| 2 | NCE Accounting (Accredited Institution) | Part I & II (All Subjects) | 25,680.00 |
| 3 | OND Fin. Studies/Banking & Fin. | Part I & PPFA in Part II | 21,060.00 |
| 4 | OND Bus. Studies/Bus. Admin. | Part I (All Subjects except Law) | 10,860.00 |
| 5 | AAT U.K | Parts I, II & III (Except Bus Law [I] Govt. Acctg [II] & PTCR [III]) | 36,360.00 |
| 6 | OND Statistics | Q/A | 8,880.00 |
| 7 | OND Computer Science | I.T | 8,880.00 |
| 8 | OND Insurance | Q/A | 8,880.00 |
| 9 | OND Marketing | Economics | 8,220.00 |
| 10 | Diploma in Accounting (Uni. Ben.) | Parts I & II (Except Govt. Acctg) | 24,120.00 |
| 11 | Diploma in Public Accounting (Kad. Poly) | Parts I & II (All Subjects) | 25,680.00 |
| 12 | Diploma in Public Accounting (Kwara Poly) | Parts I & II (All Subjects) | 25,680.00 |
| 13 | Diploma in Accounting (Uni. P/H) | Part I & PPFA in Part II | 21,060.00 |
| 14 | OND Accounting (NASFA) | Parts I & II (All Subjects) | 25,680.00 |
| 15 | OND (Petroleum Marketing & Bus. Studies) | Business Law | 8,220.00 |
| 16 | Diploma in Accounting (Olabisi Onabanjo Uni.) | Parts I & II (All Subjects) | 25,680.00 |
| 17 | OND Accounting (Non Accredited Institution) | Part 1 Only | 12,180.00 |
| 18 | OND Accounting&ATS1 | Part11 only | 13,500.00 |