As an Accountant who wants to get chartered in Nigeria, you need to know how to register for ICAN (Institute of Chartered Accountants of Nigeria). We have has put down what you need to know about ICAN and what you need to do to register in this ICAN Registration Step by Step Process, Requirement, and Setup Guideline write-up. ICAN is not only for Nigerians, but they have also become popular in different countries including the UK. As a student, you need a guide always. READ MORE ON OUR LIMITLESS TIPS FOR STUDENTS.

About ICAN – Institute of Chartered Accountants of Nigeria 

The Institute of Chartered Accountants of Nigeria is a professional accountancy body in Nigeria. It is also one of the two professional accountancy associations with the regulatory authority in Nigeria, the other being the Association of National Accountants of Nigeria. ICAN was created by an Act of Parliament No. 15 of 1 September 1965 from existing accounting and auditing organizations including the Association of Accountants in Nigeria (AAN). Its mission statement is: “to produce world-class chartered accountants, regulate and continuously enhance their ethical standards 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 responsible for the administration and general management of the Institute. It also gives policy direction through its oversight functions and holds its meetings, which are largely paperless, at least once a month. Over the years, ICAN has become a large community of accountants that has certified more than 38,000 public accountants working in different sectors of the economy. Would you like to get an Accounting degree from the comfort of your home? Then, check out these Best Online Bachelor Degree Programs in Accounting.

ICAN Exams

ICAN Nigeria offers two types of exams. The first type is that of professional exams and the second type is that of the Accounting Technician Scheme(ATS).

Professional Exams

It is aimed at holders of a degree or national diploma in any discipline from accredited schools, holders of the ICAN AAT diploma or any other qualification for the time being approved by the Council.

Professional Student Approved Certificates

The following are the approved certificates or qualifications also accepted by ICAN for intending professional students.

The final examination of any of the following 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) program is to produce middle-level Accounting Technicians within the West African sub-region. The objectives of ATSWA are to:

Provide a recognized qualification for the accounting and auditing staff employed in the public sector, industry, commerce, and in various offices or practicing accountantsHelp meet the need for middle-level accounting personnel in the economy especially for the accounting and finance departments of various government agencies and corporations.

However, this program is for those who have obtained five O’ level credits (math and English included) in two sessions or less.

ICAN Requirements

If you are eligible for ICAN registration, then, you are to provide the Council accepts the following minimum entry requirements for the different exams:

  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.
  2. 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.
  3. Ordinary National Diploma of any Polytechnic recognized by the Council of the Institute
  4. National Certificate in Education (NCE) from any College of Education. In addition, if you are interested in the ICAN exam registration or the ICAN registration in its entirety, read on. We will inform you all about this, including the topic of ICAN’s online registration. We also have Top 10 Best Universities for Accounting in South Africa for those who want to study in South Africa.

ICAN Registration

There are two routes to become an accountant with ICAN. It’s either you join as a professional student or as an Accounting Technicians Scheme West Africa (ATSWA) student. As A Professional Student In order to register as a professional student with the Institute, an applicant must hold a qualification, not below a University degree or its equivalent.

How to Register For ICAN As A Professional Student

As an eligible applicant for ICAN registration, you are to: Applicants are to attach the following documents on application and also, submit the hard copies to any ICAN office close to them:

Original copy of the pay direct receipt/transaction referenceCertified 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 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 can proceed to check your Exam/Financial Status on the page by clicking on the link below: here However, if you have any questions or problems, you can send an e-mail to professionalexams@ican.org.ng.

As An ATSWA Student

The ATSWA curriculum is divided into 3 parts and each part consists of four (4) subjects. ICAN awards the AAT certificate upon the successful completion of the Accounting Technicians Scheme of West Africa (ATSWA) Examinations. Furthermore, the duration for completing the examination of the 3 levels is a minimum of 15 months for those with an ordinary level certificate and 6 to 12 months for those with a higher certificate but not a degree certificate. However, the exam takes place twice a year, that is, March and September.

How to Register For ICAN As An ATSWA Student:

Attach the below documents and submit the hard copies to any of our offices;

Original copy of the pay direct receipt/transaction referenceCertified photocopies of your credentials any (NECO, WASCE, NABTEB, OND, NCE)A copy of your birth certificateTwo certified passport photographs.Three empty envelopes with your address and N50 stamp on each of them.

Check Out these Free Online Course on Introduction to Investments.

How to Register to Become A Member

Also, see these Top 10 Universities to Study Accounting and Finance in the UK.

Recognized ICAN Tuition Centres | Tutorial Centres

ICAN tuition centers are set up to help you prepare for your Exams. At these ICAN tutorial centers, you get to know more about the dos and don’ts of ICAN, its registration, examinations and how to answer questions. The institute is in charge of the recognition/re-recognition exercise for the purpose of assessing the facilities and standard of tuition delivery at all recognized tuition centers and the new ones. Click on the link below for the list of recognized tuition centers close to you, their address, email, and other necessary information: ICAN-recognised_tuition-centres To learn more about the recognition/re-recognition exercise by ICAN, click on the link below: here

How Much Does ICAN Cost in Nigeria?

ICAN exam is the exam that allows you become a chartered accountant in Nigeria. You can even say; it’s your license to practice accountancy at the highest level. ‘ However, before you can sit for the ICAN exams, you will need to fulfill one of the important requirements which is paying the registration fee. There are different fees individuals have to pay for their ICAN exams all depending on the level they are taking an exam in.

ICAN Website

For more information on ICAN, registration, requirements, membership, fee renewal, management team, offices, upcoming programs, and conferences, visit the link below: here For the Professional students, click: http://icanig.org/new/students/professional-students For the ATSWA students, click: http://icanig.org/new/students/atswa-students Click here for the members portal: https://icanportal.org/members

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