How to Register for ICAN in Nigeria

Are you interested in becoming a chartered accountant in Nigeria? One of the most popular routes to achieving this is through the Institute of Chartered Accountants of Nigeria (ICAN). ICAN is a professional body that regulates the practice of accounting in Nigeria and offers a range of qualifications and training programs for aspiring accountants. In this article, we will guide you through the process of registering for ICAN in Nigeria.

Why Register for ICAN?

Before we dive into the registration process for ICAN, it’s worth understanding why you might want to become a member in the first place. Here are some of the benefits of being registered with ICAN:

Professional recognition: As a member of ICAN, you will be recognized as a qualified accountant in Nigeria and internationally, which can boost your career prospects.
Training and development: ICAN offers a range of training programs and courses that can help you develop your skills and knowledge in accounting and business.
Networking opportunities: By joining ICAN, you will have the chance to connect with other professionals in the accounting industry and build valuable relationships.
Career support: ICAN offers support to its members in various ways, including job placements, career advice, and mentoring programs.

Now that you know some of the benefits of joining ICAN, let’s move on to the registration process.

Requirements for ICAN Registration

To become a member of ICAN, you must meet certain requirements. Here are the basic requirements for ICAN registration:

Academic qualifications: You must have a minimum of five O’level credits in subjects including Mathematics and English Language. You should also have a degree in Accounting or a related field from a recognized university or polytechnic.
Professional competence: You must have completed the ICAN Professional Examinations or have equivalent qualifications from other recognized accounting bodies.
Work experience: You must have at least three years of relevant work experience.

Steps to Register for ICAN

Once you have met the requirements for ICAN registration, you can begin the process of registering. Here are the steps to follow:

Obtain an application form: You can get an application form from any ICAN office in Nigeria or from the ICAN website.
Complete the application form: Fill in all the required information on the application form, including your personal details, academic qualifications, and work experience.
Attach supporting documents: You will need to attach copies of your academic certificates, professional qualifications, and other relevant documents.
Pay the registration fee: The registration fee for ICAN is currently N25,000. You can pay this fee at any ICAN office or through the ICAN website.
Submit your application: Once you have completed the application form and attached all the necessary documents, you can submit your application at any ICAN office.
Wait for approval: Your application will be reviewed by ICAN, and you will be notified of the outcome. If your application is approved, you will be invited to attend the ICAN induction ceremony.

ICAN Induction Ceremony

The ICAN induction ceremony is a formal event that marks your admission into the institute as a member. During the ceremony, you will take the ICAN oath and receive your membership certificate. The induction ceremony is usually held twice a year in various locations across Nigeria. You will be informed of the date and location of the ceremony once your application has been approved.

Conclusion

Joining ICAN is an excellent way to advance your career in accounting and gain professional recognition. By following the steps outlined in this article, you can easily register for ICAN in Nigeria and begin your journey towards becoming a chartered accountant.

FAQs

What is the cost of ICAN registration?
The current registration fee for ICAN is N25,000.
How long does the ICAN application process take?
The application process typically takes around 2-3 months, depending on how quickly you are able to provide all the necessary documentation.
Can I register for ICAN if I have a degree in a non-accounting field?
Yes, you can still register for ICAN if you have a degree in a non-accounting field. However, you may need to take additional courses or exams to meet the professional competence requirements.
How often are the ICAN Professional Examinations held?
The ICAN Professional Examinations are held twice a year, in May and November.
Can I attend the ICAN induction ceremony if I am unable to attend on the scheduled date?
If you are unable to attend the scheduled induction ceremony, you may be able to attend a later ceremony. However, you will need to inform ICAN in advance and provide a valid reason for your absence.