PROFESSIONAL EXAMINATION EXEMPTION FEES

S/NO EXEMPTION SUBJECTS NEW RATE (N)
  FOUNDATION LEVEL    
1 ONE PAPER IN FOUNDATION LEVEL   17,500.00
2 TWO PAPERS IN FOUNDATION LEVEL   18,700.00
3 THREE PAPERS IN FOUNDATION LEVEL   19,900.00
4 FOUR PAPERS IN FOUNDATION LEVEL   21,100.00
5 ALL PAPERS IN FOUNDATION LEVEL   22,300.00
       
  SKILLS LEVEL    
6 ONE PAPER IN SKILLS LEVEL   26,200.00
7 TWO PAPERS IN SKILLS LEVEL   30,700.00
8 B.SC/HND (ACCOUNTING) OBTAINED UNDER THE MUTUAL CO-OPERATION AGREEMENT WITH TERTIARY INSTITUTIONS All papers in Foundation Level and four (4) papers in Skills Level:

Quantitative Techniques in Business
Business and Finance
Financial Accounting
Management Information
Business Law
Financial Reporting
Audit and Assurance
Taxation
Performance Management
66,500.00
9 ATS 11 (OLD SYLLABUS)(1989 – March 1999):

Four (4) papers in Foundation Level:

Quantitative Techniques in Business
Business and Finance
Financial Accounting
Management Information

21,100.00
10

ATSWA III (NEW SYLLABUS):

(September 1999 to date)

All papers in Foundation Level and two papers in Skills Level:

Quantitative Techniques in Business
Business and Finance
Financial Accounting
Management Information
Business Law
Audit & Assurance
Taxation

53,000.00
11 B.SC/HND (ACCOUNTING) OBTAINED FROM ICAN ACCREDITED INSTITUTIONS IN NIGERIA

All papers in Foundation Level and two papers – Audit & Assurance and Taxation in Skills Level

53,000.00
12 B.SC/HND ACCOUNTING FROM RECOGNISED INSTITUTIONS IN NIGERIA BUT NOT YET ACCREDITED BY ICAN

Three (3) papers in Foundation Level:

Quantitative Techniques in Business
Financial Accounting
Business Law

19,900.00
13 B.SC/HND (ACCOUNTING) FROM FOREIGN RECOGNISED INSTITUTIONS

Three (3) papers in Foundation Level:

Quantitative Techniques in Business
Financial Accounting
Management Information

19,900.00
14 M.Sc (ACCOUNTING) FROM ICAN ACCREDITED INSTITUTIONS IN ADDITION TO B.Sc IN ACCOUNTING

All papers in Foundation Level and three (3) papers in Skills Level:

Quantitative Techniques in Business
Business and Finance
Financial Accounting
Management Information
Business Law
Financial Reporting
Audit and Assurance
Taxation

57,500.00
15 M.Sc (ACCOUNTING) OBTAINED FROM ICAN ACCREDITED INSTITUTIONS BUT WITHOUT B.Sc IN ACCOUNTING

Three (3) papers in Foundation Level:

Quantitative Techniques in Business
Financial Accounting
Management Information

19,900.00
16 M.Sc (ACCOUNTING) OBTAINED FROM RECOGNISED INSTITUTIONS IN ADDITION TO B.Sc IN ANY ACCOUNTING RELATED DISCIPLINE: ECONOMICS; BANKING & FINANCE; ACTURIAL SCIENCE; INSURANCE; BUSINESS ADMINISTRATION; MARKETING

Three (3) papers in Foundation Level:

Business and Finance
Financial Accounting
Business Law

19,900.00
17 Ph.D (Accounting)
M.Sc (Accounting)
B.Sc (Accounting)
All papers in Foundation Level and Skills Level except Public Sector Accounting and Finance:

Quantitative Techniques in Business
Business and Finance
Financial Accounting
Management Information
Business Law
Financial Reporting
Audit and Assurance
Taxation
Performance Management
Management, Governance & Ethics
66,500.00
18 ASSOCIATE CHARTERED INSTITUTE OF BANKERS OF NIGERIA

Four (4) papers in Foundation Level:

Quantitative Techniques in Business
Business and Finance
Financial Accounting
Business Law

21,100.00
19 ASSOCIATE CHARTERED INSTITUTE OF BANKERS OF LONDON (NOW INSTITUTE OF FINANCIAL STUDIES)

Three (3) papers in Foundation Level

Quantitative Techniques in Business
Business and Finance
Financial Accounting

19,900.00
20 ASSOCIATE CHARTERED INSTITUTE OF STOCK BROKERS OF NIGERIA

Four (4) papers in Foundation Level

Quantitative Techniques in Business
Business and Finance
Financial Accounting
Business Law

21,100.00
21 ASSOCIATE CHARTERED SECRETARIES AND ADMINISTRATORS

Four (4) papers in Foundation Level

Quantitative Techniques in Business
Business and Finance
Business Law
Financial Accounting

21,100.00
22 ASSOCIATE OF CHARTERED INSTITUTE OF INSURANCE OF NIGERIA

Three (3) papers in Foundation Level

Quantitative Techniques in Business
Business and Finance
Business Law

19,900.00
23 ASSOCIATE CHARTERED INSTITUTE OF TAXATION OF NIGERIA

Four (4) papers in Foundation Level and One (1) paper in Skills Level:

Quantitative Techniques in Business
Business and Finance
Financial Accounting
Business Law
Taxation

47,300.00
24 CERTIFIED NATIONAL ACCOUNTANTS OF NIGERIA

All papers in Foundation Level and Two (2) papers in Skills Level:

Taxation
Public Sector Accounting & Finance

53,000.00
25 FEDERAL TREASURY TRAINING SCHOOL (NOW FEDERAL TREASURY ACADEMY) STARTING FROM 1987 All papers in Foundation Level and Two (2) papers in Skills Level:

Audit and Assurance
Taxation
53,000.00
26 CIMA (UK) All papers in Foundation Level except Business Law.
All papers in Skills Level except Public Sector Accounting & Finance.
Three subjects in Professional Level except Advanced Audit & Assurance; Advanced Taxation.
104,250.00
27 ACCA – UK
CPA – USA
CIPFA – UK
ICAS – UK
ICAEW
ICAI, UK
All papers in Foundation Level except Business Law
All papers in Skills Level except Public Sector Accounting & Finance
All papers in Professional Level except Advanced Taxation
109,500.00
28

ASSOCIATION OF INTERNATIONAL ACCOUNTANTS (FINAL) 1994 TO DATE

ASSOCIATION ACCOUNTING TECHNICIAN (UK)

All papers in Foundation Level except Business Law One (1) paper in Skills Level: Audit and Assurance 47,300.00
29 ASSOCIATION OF INTERNATIONAL ACCOUNTANTS (PRE – 1994) All papers in Foundation Level except Business Law 21,100