MEMBERS BENEFIT
The Institute is into strategic partnership with various service providers to give members additional benefits for fulfilling their membership obligation as follows:
ContinueBEWARE OF WRONG PAYMENT
NOTE THAT ANY WRONG PAYMENT FOR EXEMPTION WILL NOT BE REFUNDED. PLEASE ENSURE YOU CONFIRM THE CORRECT AMOUNT BEFORE PAYMENT.
| Academic Qualification | Exemptions | Fee N | |
|---|---|---|---|
| A | Ph.D.(Accounting) with M.Sc. (Accounting) and B.Sc.(Accounting) | All subjects in Foundation and Skills Levels |
135,100.00 |
| B | M.Sc. (Accounting) obtained from ICAN accredited institutions in addition to B.Sc. in Accounting.) |
|
91,100.00 |
| C | M.Sc. (Accounting) obtained from ICAN accredited institutions but without B.Sc. in Accounting. |
|
38,400.00 |
| D | M.Sc. (Accounting) obtained from non-accredited institutions in addition to B.Sc. in any accounting related discipline. |
|
38,400.00 |
| E | B.Sc/HND (Accounting) obtained under the Mutual Co-operation Agreement with Tertiary Institutions (MCATI) |
|
135,100.00 |
| F | ATSWA (from year 2010) |
|
91,100.00 |
| G | ATS II (pre-2010) |
|
38,400.00 |
| H | B.Sc./HND (Accounting) obtained from ICAN- accredited institutions in Nigeria. |
|
80,100.00 |
| I | B.Sc./HND (Accounting) obtained from recognised institutions in Nigeria but not yet accredited by ICAN |
|
38,400.00 |
| J | B.Sc./HND (Accounting) obtained from foreign recognised institutions |
| 31,600.00 |
| K | B.Sc./HND (Accounting)/ Masters in Accounting and Finance (MAF) obtained from foreign recognised institutions. |
| 38,400.00 |
| L | B.Sc./HND (Accounting) obtained from recognised institutions in Nigeria and MBA Finance. |
|
91,100.00 |
| M | B.Sc./HND (Accounting) obtained from recognised institutions in Nigeria but not yet accredited by ICAN plus MBA Finance. |
|
73,300.00 |
| N | B.Sc. Economics | A1. Business, Management and Finance | 24,750.00 |
| O | B.Sc. Economics/Statistics Economics/Computer Science |
A1. Business, Management and Finance | 24,750.00 |
| P | B.Sc. Actuarial Science |
|
31,600.00 |
| Q | B.Sc./HND Insurance |
|
31,600.00 |
| R | B.Sc./HND/B.A Business Admin/Management/Public Administration |
|
31,600.00 |
| S | B.Sc./HND Banking and Finance |
|
31,600.00 |
| T | B.Sc./HND Marketing |
|
31,600.00 |
| U | MBA/MBF in addition to B.Sc./HND in non- accounting discipline |
|
31,600.00 |
| V | B.Sc. (Ed.) Accounting or B.Ed. Business Education (Accounting option) |
|
38,400.00 |
| W | B.Ed. Education Management (Accounting Option) |
|
38,400.00 |
| X | B.Ed(Business Education |
|
24,750.00 |
| Y | B.Sc./B.A Commerce |
|
31,600.00 |
| Z | B.Sc./HND Cooperative and Rural Development |
|
31,600.00 |
| AA | LL.B/LL.M/LL.D | A4. Business Law | 24,750.00 |
Professional qualifications |
|||
| Qualifications | Exemptions | Approved Rate N |
|
| a | Associate Chartered Institute of Bankers of Nigeria (ACIBN) |
All subjects in Foundation Level and |
91,100.00 |
| b | Associate Institute of Financial Services, UK (Formerly Chartered Institute of Bankers, London) |
|
31,600.00 |
| c | Associate Chartered Institute of Stock Brokers of Nigeria (ACIS) |
|
38,400.00 |
| d | Associate Institute of Chartered Secretaries and Administrators (AICSA) |
|
38,400.00 |
| e | Associate Chartered Institute of Insurance of Nigeria (ACIIN) |
|
31,600.00 |
| f | Associate Chartered Institute of Taxation of Nigeria (ACITN) |
All subjects in Foundation Level except Management Information (A4.) plus |
73,300.00 |
| g | Certified National Accountant of Nigeria (CNA) |
All subjects in Foundation and Skills Levels | 135,100.00 |
| h | Nigeria Institute of Management (Chartered) |
|
24,750.00 |
| i | Executive Management in Accounting (EMA) obtained from Federal Treasury Academy with effect from 1987 (Formerly Federal Treasury Training School) |
|
80,100.00 |
| j | ICAEW |
|
222,000.00 |
| k | CIPFA, UK | All levels except the following subjects in each of the level: |
203,300.00 |
| l | CIMA, UK | All levels except |
210,000.00 |
| m | ACCA, UK CPA, USA ICAS, UK ICAI, UK |
All levels except the following subjects in each of the level: |
192,300.00 |
| n | ACCA, UK CPA, USA ICAS, UK ICAI, UK in addition to B.Sc In Accounting Obatain from Nigeria |
All levels except the following subjects in each of the level: |
199,100.00 |
| 0 | AIA (Final) with effect from 1994 AAT (UK) |
|
73,300.00 |
| p | AIA (Pre-1994) |
|
38,400.00 |
| Levels |
Rates |
|||||
|
|
1 paper |
2 papers |
3 papers |
4 papers |
5 papers |
6 papers |
|
Foundation |
24,750.00 |
31,600.00 |
38,400.00 |
45,200.00 |
- |
- |
|
Skills |
34,900.00 |
45,900.00 |
56,900.00 |
67,900.00 |
78,900.00 |
89,900.00 |
|
Professional |
37,900.00 |
50,300.00 |
62,700.00 |
75,100.00 |
87,500.00 |
- |
BEWARE OF WRONG PAYMENT
NOTE THAT ANY WRONG PAYMENT FOR EXEMPTION WILL NOT BE REFUNDED. PLEASE ENSURE YOU CONFIRM THE CORRECT AMOUNT BEFORE PAYMENT.
ATS EXEMPTION FEES |
|||
S/N |
QUALIFICATION |
LEVEL OF EXEMPTION |
CURRENT RATE(₦) |
| 1 | OND Accounting (Accredited Institution) | Part I & II (All Subjects) | 28,300.00 |
| 2 | NCE Accounting (Accredited Institution) | Part I & II (All Subjects) | 28,300.00 |
| 3 | OND Fin. Studies/Banking & Fin. | Part I & PPFA in Part II | 23,200.00 |
| 4 | OND Bus. Studies/Bus. Admin. | Part I (All Subjects except Law) | 11,950.00 |
| 5 | AAT U.K | Parts I, II & III (Except Bus Law [I] Govt. Acctg [II] & PTCR [III]) | 40,000.00 |
| 6 | OND Statistics | Q/A | 9,800.00 |
| 7 | OND Computer Science | I.T | 9,800.00 |
| 8 | OND Insurance | Q/A | 9,800.00 |
| 9 | OND Marketing | Economics | 9,800.00 |
| 10 | Diploma in Accounting (Uni. Ben.) | Parts I & II (Except Govt. Acctg) | 26,550.00 |
| 11 | Diploma in Public Accounting (Kad. Poly) | Parts I & II (All Subjects) | 28,300.00 |
| 12 | Diploma in Public Accounting (Kwara Poly) | Parts I & II (All Subjects) | 28,300.00 |
| 13 | Diploma in Accounting (Uni. P/H) | Part I & PPFA in Part II | 23,200.00 |
| 14 | OND Accounting (NASFA) | Parts I & II (All Subjects) | 28,300.00 |
| 15 | OND (Petroleum Marketing & Bus. Studies) | Business Law | 9,800.00 |
| 16 | Diploma in Accounting (Olabisi Onabanjo Uni.) | Parts I & II (All Subjects) | 28,300.00 |
| 17 | OND Accounting (Non Accredited Institution) | Part 1 Only | 13,400.00 |
| 18 | OND Accounting & ATS1 | Part11 only | 14,850.00 |
The Institute is into strategic partnership with various service providers to give members additional benefits for fulfilling their membership obligation as follows:
ContinueThe Institute is into strategic partnership with various service providers to give members additional benefits for fulfilling their membership obligation as follows:
Life Assurance scheme of N1.5million and N2 million sum assured is available to the next-of-Kin of a deceased ACA and Fellow member respectively at Mutual Benefits Assurance, Goldlink Insurance, Capital Express Assurance and FBN Life Assurance. A special Motor Insurance Package is also available for members at Mutual Benefit Assurance.
The Members' benevolent fund was set up to assist indigent Members settle children education, medical bills and also supports Members with permanent disability.
As part of its efforts to expand the frontiers of knowledge in accounting, the Institute established an Accounting Research Fund of N500,000 with which it finances PhD research by Members in Accounting, Taxation, Auditing, Finance and related fields.
The employment bureau assists Members seeking employment or change of job.
The Members' benevolent fund was set up to assist indigent members settle children education, medical bills and also supports members with permanent disability.
The Fund was set up with an initial take off capital of N50 million to protect ICAN members and the public from any form of reprisals or victimisation when an alarm is raised on financial impropriety by public/private establishments or individuals in the country. Among other things, the Fund assists whistle blowers in defraying litigation expenses reasonably incurred and encourages members to discharge their professional duties without fear of being victimised. Members are hereby encouraged to fulfil their membership obligation to the Institute to benefit from these incentives.
Resources
The ICAN Members’ Benevolent and Educational Trust Fund was established by the Council of the
Institute of Chartered Accountants of Nigeria (ICAN) in 1998 to assist persons in need who are or have been ICAN members and/or their
families and dependants. It is also aimed at promoting and supporting education and research in Accountancy, Financial Management,
Taxation and related subjects. It was incorporated and registered with the Corporate Affairs Commission on December 29, 2006.
Some Chartered Accountants, due to no fault of theirs, have been very unfortunate with employment such that as a result of economic downturn, prematurely lost their jobs. Some others suddenly became ill and were unable to cope with their jobs and so had to quit unexpectedly. Others became victims of natural disasters such as flood, fire, accident, etc and suffer untold hardship, having lost all they labored for in many years. Those who were unfortunate to die (from accident, illness, etc) left dependants particularly children who were also forced out of school for lack of financial assistance from the extended family. It is for these reasons and more that the Benevolent Fund was set up.
The major activities of the Management Board are fund raising and management of investments. Funds so generated are invested and it is the income from the investments that are disbursed to Members in need and families that are distraught. Since inception, the fund has been used to assist indigent Members and families of the indigent and deceased members. These include Members who had renal (kidney) failure, blindness, stroke, spinal cord injuries, disaster (fire/flood/accident) victims, children’s education, etc.
The minimum amount of benefit to an applicant shall be a sum of One million Naira (₦1,000,000) only, while the maximum shall be the sum of Four million Naira (₦4,000,000) only.
The Management Board has received many applications for financial assistance in recent times, which it could not effectively respond to due to lack of fund. This financial limitation has hindered the progress of work, as the Board is desirous of meaningfully touching many more lives, more effectively, which we believe have the potentials to add value to society. We are therefore constrained to make direct appeal to organizations, high net-worth individuals, and all Members of the Institute to support the fund. The donation can be in form of cash, property, bequests in wills, endowment, etc.
We used this medium to passionately appeal to you for donation to meet the rising demands on the fund. We are not unaware of the times we are in but we believe some members are more privileged and fortunate than others. We request that you extend a hand of love to your colleagues. This is a worthy cause, and we pray that God remember you in your time of need.
Tel: 008039420863, 08026781678
E-mail:anabunsango@ican.org.ng, benevolent@ican.org.ng
As part of its efforts to expand the frontiers of knowledge in accounting, the Institute has established an Accounting Research Fund with which it finances PhD research in Accounting. The grant is open only to applicants who are currently pursuing PhD ACCOUNTING programme from a recognised university – not those who have completed their programme. (Preference will be given to members of the institute).
(A) Maximum Funding Level
The maximum amount for research grant is N500,000:00 per applicant.
(B) Research Grant Application Requirements
Each application for research grant should be accompanied with the following:
i. A detailed Curriculum Vitae (CV)
ii. Copy of letter of admission to PhD programme issued by the university.
iii. Copy of letter of recommendation from supervisor.
iv. A research proposal of no more than 20 pages (double spacing) which should address the following:
(a) What are the objectives of the research?
(b) How does it relate to other research/es in the same field that either had been completed or is/are on-going?
(c) Are the results expected to have any general or practical applications?
(d) How will the research be done? What techniques will be used? What were the reasons which led to the adoption of these methods and techniques?
(e) If the research involves gaining access to the facilities or data of institutions or organizations, what assurance can be provided that access will be obtainable?
(f) How will the research be organized and phased?
(g) How will the results of the research be disseminated?
(h) Details of funding requirements under the following headings: research assistant/data collection costs, travelling costs, stationary and printing costs and any other relevant expenditure costs.
Soft copies of items B(i-iv) above should be sent to researchandtechnical@ican.org.ng and yadedokun@ican.org.ng, while hard copies should be addressed to:
The Registrar/Chief Executive
The Institute of Chartered Accountants of Nigeria
Plot 16, Idowu Taylor Street
Victoria Island, Lagos
Applicant should request his/her supervisor to forward a confidential letter of recommendation directly to the Deputy Director, Technical & Education at yadedokun@ican.org.ng
For further details, please contact:
DR. YEMISI ADEDOKUN, FCA
DEPUTY DIRECTOR, TECHNICAL AND EDUCATION
EMAIL: yadedokun@ican.org.ng
Tel: 07069666091
