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The Institute of Chartered Accountants of Nigeria (ICAN) says it is committed to invest in the development of accounting professionals that can function in the ever changing market realities of today.
ICAN says investment of resources in the review of its syllabus is a move geared towards safeguarding the integrity of the profession, update course contents and ensure that the institute’s certificates remain globally competitive.
Isma’ila Zakari, President of ICAN says the contents of the new syllabus have been re-structured and re-arranged to adequately capture and present contemporary issues in the profession in a more easy-to-understand manner. Also, the review has so far reduced the number of subjects in the syllabus to 15 from 16.
Zakari while speaking at the unveiling of the new 2019 professional examinations syllabus in Lagos said the review takes place every five years, thus, the action is overtly profound, since the extant syllabus of the Institute’s Professional Examinations was unveiled in 2014.
He said the reviewed syllabus would take effect from November 2019.
According to him, “We did not just arrive at this point of a new syllabus for our professional examinations. The governing council set up a syllabus review technical Committee with membership drawn from its student affairs and professional examinations committees”.
Innocent Okposa, chairman ICAN professional examination committee says accountants operate in what we consider to be a dynamic environment where situation affecting businesses change from time to time and there is a need for ICAN to keep pace with such development.
Okposa reiterated that the essence of the review is to make sure that the professional training in which the accountants undergo keeps pace with the development in the environment in which it operates.
He said what ICAN have done with the syllabus is to bench mark it with eight international accountancy professional bodies, looked at what their syllabus looks like and try to adapt to our own local environment.
“We did this knowing that the chartered accountants that operates in Nigeria, operates in a wide sector that cover both public and private sectors, so it is designed in such a way as to equip the professional accountants with those necessary skills that will enable them operate across those sectors”, he said.
Zakari further said that with the new syllabus in place, students would now sit for five courses in each of the levels foundation, skills and professional examination.
KELECHI EWUZIE
