• Wednesday, April 24, 2024
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ICAN set to review syllabus


As part of it efforts to align with global trend in accounting profession, Institute of Chartered Accountants of Nigeria (ICAN) has announced plans to review its syllabus to give students competitive advantage.

Adedoyin Owolabi, 48th president of the Institute of Chartered Accountants of Nigeria (ICAN) who disclosed this at the presentation of accreditation/recognition certicates to tertiary institutions and tuition houses in Lagos recently said the rationale for the new syllabus is to meet the challenges posed by the world being a global village.

Owolabi pointed out that any profession which expects to be continuously relevant in the scheme of things must be prepared to equip its members for the capacity to adapt to the ever changing circumstances both locally and internationally.

According to him, “e Institute of Chartered Accountants of Nigeria had tried to respond to these imperatives by continually revising its examination syllabus.”

Owolabi, in his keynote address said as a professional body committed to technical excellence, the institute embarked on accreditation of tertiary institutions when it realised the need to initiate quality control and improve pass rate of students in its various examination.

e ICAN president further urged the tertiary institutions being presented with certicates to sustain at all costs the standard to which the institute now lends credence, adding that to lower such standard will ultimately impact negatively not only on the quantum of professionalism in the country, but also on the global accounting profession.

Razak Jaiyeola, chairman, students’ affairs committee, the Institute of Chartered Accountants of Nigeria, in his welcome address reiterated the need for institutions being presented with the accreditation and recognition certificates by the Institute of Chartered Accountants of Nigeria, to seize the opportunity of this gesture to ensure that the high standard for which they were found worthy is continuously maintained.

Jaiyeola further disclosed that the Institute in her bid to continue to set the standards and ensure that students who are willing to pursue Accountancy profession are given the best, by introducing pre-accreditation exercise to newly established universities, adding that the essence is to oer advice and to help lay a solid foundation for the establishment of Accountancy departments in each of the tertiary institutions.

“It is my belief that every institution and recognised training centre present here today would see this ceremony as a good gesture from the Institute to provide technical support to the Accountancy profession in all institutions,” he said.