BY MICHAEL EBOH
The Institute of Chartered Accountants of Nigeria, ICAN, has disclosed that it is in the process of reviewing its syllabus to conform to global trend in the accounting profession.
Speaking at the presentation of accreditation/recognition certificates to tertiary institutions/tuition houses in Lagos, Mr. Adedoyin Owolabi, President, ICAN, said the new syllabus will allow it cope with the challenges posed by development in Information and Communication Technology, ICT, and also empower its graduates, making them vast in knowledge, skills and professionalism.
He further stated that the curriculum review will position its graduates to deliver seamless and excellent services to their employers and clients.
According to him, a profession which expects to be continuously relevant in the scheme of things must be prepared to equip its members with the capacity to adapt to ever changing circumstances both locally and internationally.
“The review of the syllabus will take into consideration knowledge and skills required to meet the current changes in accounting practices as well as meet the essential core competencies of the profession,” he said.
The Institute also accredited 25 tertiary institutions including 10 training centres for meeting up with its standards.
The tertiary institutions, according to Owolabi, include: University of Lagos, Benue State University, Caritas University, Enugu State University of Science and Technology, Rivers State University of Science and Technology, Olabisi Onabanjo University, Federal Polytechnics Auchi, Idah, Nekede and Okoh, among others.
He said that with the accreditation, the institutions have been given the pass mark and identified as outstanding places for learning and where potential ICAN students can receive appropriate and qualitative technical and academic training.
According to him, the accreditation certificates mark the recipient institutions out as outstanding places for learning particularly when it is considered that its criteria are stiffer than those of the National Universities Commission, NUC, and National Board for Technical Education, NBTE.
He maintained that the accreditation exercise is a reflection of ICAN’s commitment to high technical standards as well assist accounting students in their choice of academic institutions and tuition centres.
“Simply put, accreditation exercise is one of the quality control measures designed to align the quality of knowledge dissemination by these institutions to global standards on which we benchmark our training curricula,” he stated.
He, however, noted that the accreditation/recognition criteria are not audit exercise, but that they serve as minimum guide to ensure that the institutions continually adhere to set standards.
Continuing, he said, “In order to ensure that accredited institutions do not compromise the set standards, visitations are usually conducted every four years. Such revisit affords the team the opportunity to confirm whether the institution has addressed the weaknesses highlighted during the previous visit.