ICAN FACULTIES

There are seven faculties created by the Council of the Institute to serve as centres of excellence for members’ capacity building and support for specialisation in seven distinct areas of accountancy.
These are:

 Audit, Investigations And Forensic Accounting;
 Consultancy And Information Technology;
 Corporate Finance Management;
 Financial Reporting;
 Insolvency And Corporate Re-Engineering;
 Public Finance Management; And
 Taxation And Fiscal Policy Management.

Categories of Membership

There are two categories of Membership of the Faculties:

 Individuals are financial members of the Institute. They are eligible to register with at least one or at most three Faculties.

 Corporate members are firms of Chartered Accountants duly registered with ICAN and other corporate bodies considered by the Boards as relevant to the activities of the Faculties.

BENEFITS OF MEMBERSHIP OF THE FACULTY

TO MEMBERS
Membership of the Faculty assists members to enhance their technical and professional skills such that they can continue to deliver value-laden services to their diverse clientele. The Faculty serves as repository of technical resources from which members can draw as they grapple with the challenges of their professional assignments. It also creates networking opportunities for its members.

TO FIRMS
The Faculty helps to complement the technical information available to the firms of chartered accountants and other corporate members. It also serves as a ready recourse for the resolution of technical issues, conflict of opinions and for the sharing of business and professional information on developments within the environment and practice area.

TO REGULATORY BODIES
The Faculty raises the quality of professional practice to ensure compliance with standards, regulations and best practice. Ultimately, the quality of financial reporting will be enhanced in the country while public confidence in the profession will be sustained.

USERS OF SERVICES OF CHARTERED ACCOUNTANTS
Users of the services of chartered accountants are better assured of the quality of services they receive and are persuaded to place greater reliance on the work of chartered accountants. The existence of the Faculty also enhances the image and perception of the Institute as a responsive and responsible professional body that cares about the fortune of its stakeholders.

OTHER FACULTY SPECIFIC BENEFITS

AUDIT, INVESTIGATIONS AND FORENSIC ACCOUNTING FACULTY
• Training programme for the Certified Forensic Accountants of Nigeria (CFAN) which has inducted 365 members
• Forum of CFANs
• Forum of Firms
• Seminars and Workshops

CONSULTING AND INFORMATION TECHNOLOGY FACULTY
• Training programme for certification in the practice of Consulting and Information Technology
• Forum of Members
• Seminars and Workshops

CORPORATE FINANCE MANAGEMENT FACULTY
• Training programme on Proficiency in Corporate Finance
• Forum of Members
• Seminars and Workshops

FINANCIAL REPORTING FACULTY
• Training programme on Proficiency in IFRS
• Forum of Members
• Seminars and Workshops

INSOLVENCY AND CORPORATE RE- ENGINEERING FACULTY
• Training programme on the Certified Insolvency Practitioners (CIP)
• Forum of Members
• Seminars and Workshops
• Opportunity of registration with Insol, the international umbrella for Insolvency Practitioners
PUBLIC FINANCE MANAGEMENT FACULTY
• Training programme for Proficiency in IPSASs
• Forum of Members
• Seminars and Workshops
• Great opportunity for members in the public sector to enroll with the CIPFA

TAXATION AND FISCAL POLICY MANAGEMENT FACULTY
• Attendance of seminars on topical issues on Taxation
• Forum of Members
• Seminars and Workshops
• Tax Newsletter

FEES:
For Individual Members:

Registration - N2,500 per Faculty
Annual Subscription - N2,500 per Faculty

For Corporate Members:

Registration - N5,000 Per Faculty
Annual Subscription - N5,000 per Faculty

The Annual Subscription becomes due on 1st of January of every year.

For more information, please contact:
FACULTY OFFICE: ICAN Annex: (2nd Floor), 82 Murtala Mohammed Way,
Ebute-Metta, Lagos.

Tel: +2347098766966
E-mail: faculty@ican.org.ng
Website: www.ican-ngr.org
LinkedIn/The Institute of Chartered Accountants of Nigeria

Facebook.com/ICAN1965

Twitter.com/ICAN_NGR