ICAN Signs MOU with Foreign Professional Accountancy Organisations (PAOs)

To enhance mobility and expand opportunities for its members, while also aligning its standards with leading global PAOs, ICAN has entered into a mutual agreement with three internationally renowned Professional Accountancy Organisations. These organisations include the Institute of Chartered Accountants of England and Wales (ICAEW), Chartered Institute of Management Accountants (CIMA), and the Institute of Chartered Accountants of Ghana (ICAG). This collaboration aims to establish new pathways for ICAN members to obtain memberships in these organisations. Eligibility for admission into these PFOs memberships is contingent upon ICAN members meeting specific criteria outlined below.

ICAEW

The Pathways scheme is based on professional experience which does not require applicants to study and sit for an exam or complete a qualification, but rather reflect on professional experience which applicant has acquired in the last five years and which will be demonstrated in writing and their skills in different areas.

Applicants are to provide a letter of good standing from the professional body they belong to apply for pathways. This letter must be issued and dated within three months and must confirm all the following to be valid:

• That applicant must be a member of that body.
• The date and year of admission into membership.
• That membership has been gained by the normal education and training route (Transcripts may be required)
• Applicant to have a good disciplinary record with no outstanding complaints.
• Applicant must be fully compliant with the continuing professional development (CPD) requirements of her Institute (90 MCPE Credit hours for three years consecutively).

That this professional body knows of no ethical or other reason why applicant should not be admitted to ICAEW. Application to be supported by an eligible sponsor who will fill a form to be submitted along with other documents. The sponsor must meet same criteria as the applicant.

CIMA

This body will admit as its member any member of ICAN who:

• Has successfully completed the Chartered Global Management Accountant (CGMA) Professional Qualification
• Has successfully attended the mandatory case study workshop and take and pass the Strategic Case Study examination.
• Has made payment in full of all applicable membership, registration, and examination fees to CIMA.

ICAG

• Members must have been admitted and/or inducted as a member in either ICAN or ICAG
• Members must submit their application through their respective Institutes.
• Be a member in good standing, le. up to date financial status.
• Agree that all relevant records regarding his/her membership be released at the time of application. This will include examination details, any disciplinary findings or sanctions against the member and any other relevant information that will make the other party make an informed decision on eligibility.
• Successfully met any other requirements that may be prescribed by the parties under this MoU from time to time, regarding qualification, education, experience and continuing professional developments.

Support PensionNigeria financially with N1,000 per Month HERE, or with any amount HERE
Empower us to do more independent analysis of the Pension Industry in Nigeria

Subscribe to PensionNigeria Daily News Broadcast on WhatsApp, just send “Subscribe” to 08160052802, PLEASE ensure you also save 08160052802 to your contacts as “PensionNigeria” to enable you receive the PensionNigeria News Broadcast.

Subscribe to PensionNigeria Daily Newsletter and get Today’s Top Pension News delivered straight into your email box every Evening.
If you have subscribed before and you still do not receive our Newsletter, please check your “Spam Folder”, if you find our Newsletter there, mark it as “NOT SPAM” or move it to your Inbox

Pension is Your Right,
An Insurance for Old Age
Follow PensionNigeria on Social Media LinkedIn Twitter Instagram Facebook YouTube