ICAN partners ICAEW on global accounting standards
The Institute of Chartered Accountants of Nigeria and the Institute of Chartered Accountants in England and Wales have reinforced their Memorandum of Understanding.
According to a statement released on Friday via the institute’s official X handle, the partnership aims to enhance global professional mobility and align accountancy practices with international benchmarks.
A high-level delegation from ICAN, led by its 60th President, Chief Davidson Alaribe, recently met with ICAEW President, Malcolm Bacchus, to solidify the collaboration and discuss strategies for expanding strategic alliances.
The discussions focused on ensuring that ICAN’s qualification framework meets global standards, providing greater professional opportunities for its members.
Among the key outcomes of the meeting was a comprehensive syllabus review designed to maximise exemptions for ICAN members, thereby facilitating smoother pathways to international audit qualifications.
Both institutes also agreed to organise a joint webinar on the Examination of Experience to enhance professional development and knowledge sharing.
Additionally, ICAN committed to completing its qualification framework review by March 2025 to ensure full alignment with global standards.
The statement further quoted Alaribe as reiterating ICAN’s dedication to sustainability, capacity building, and international best practices.
Alaribe said, “Appreciation for ICAEW’s continued support in advancing the accountancy profession.”
The statement further underscored ICAN’s commitment to “sustainability, capacity building, and international best practices.
“The reinforced partnership signals a shared commitment to fostering global professional mobility. By aligning qualification frameworks and enhancing cross-border collaboration, both institutions aim to create seamless pathways for their members to gain international recognition.
“This initiative is expected to have a far-reaching impact on the accountancy profession, not only in Nigeria and the UK but also on a global scale, by promoting higher standards and greater professional integration.”
