What is the Full Form of ICAN ?
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Institute of Chartered Accountants of Nigeria - The Establishment of Contracted Bookkeepers of Nigeria (ICAN) is an expert bookkeeping body in Nigeria. It is one of the two expert bookkeeping relationship with administrative expert in Nigeria, the other being the Relationship of Public Bookkeepers of Nigeria (ANAN). The connection between the two associations has been tense. In 2007 ICAN endeavored to have a bill pronouncing ANAN void.The Relationship of Bookkeepers of Nigeria (AAN) was shaped in 1960 determined to prepare bookkeepers, and was laid out to some degree by Akintola Williams. ICAN was made by a Demonstration of Parliament No. 15 on 1 September 1965 from existing bookkeeping and examining associations including the AAN, and is settled in Lagos. Starting around 2020, ICAN has more than 50,000 members.ICAN has put together its practices with respect to those of English sanctioned bookkeeping establishments. Nigeria took on worldwide bookkeeping norms with little adjustment. It is an individual from the Global Bookkeeping Principles Panel (IASC) and occasionally takes on its guidelines. Any deviation from these norms should be revealed in the organization's monetary statements.In the 1990s, ICAN prevalently had individuals holding capabilities from the London-based Relationship of Contracted Confirmed Bookkeepers (ACCA). In spite of the fact that ICAN asserted total autonomy from the ACCA, it was enduring an onslaught for shielding the norm in bookkeeping rehearses and for stifling changes to address neighborhood necessities.