Association of National Accountants of Nigeria
Encyclopedia
The Association of National Accountants of Nigeria (ANAN) is one of the two professional accountancy associations with regulatory authority in Nigeria
, the other being the Institute of Chartered Accountants of Nigeria
(ICAN).
A consultant offering financial services in Nigeria must be a member of either ANAN or ICAN.
The governing council of ANAN is elected by its members.
It includes representatives of the Auditors General of the Federation, State and Local Government, and representatives of universities and polytechnics.
Before being admitted to ANAN members must undertake academic studies, including one year at ANAN’s Nigerian College of Accountancy, followed by a two-year practical accountant-in-training program, leading to qualification as a Certified National Accountant
.
ANAN members must comply with its Professional Code of Conduct, which complies with International Federation of Accountants
requirements.
As of December 2007 ANAN had total membership of 10,260.
By December 2010 membership had grown to 16,207.
ANAN is also a member of the Financial Reporting Council of Nigeria
(FRCN), which sets accounting standards for the country.
Both ANAN and ICAN nominate two members to the NASB board.
ANAN is an institutional member of the International Association for Accounting Education & Research
(IAAER).
ANAN is a correspondent member of XBRL International
, which is developing a standard for electronic representation of accounting information.
Both ANAN and ICAN work with the United Kingdom
-based Chartered Institute of Public Finance and Accountancy
(CIPFA) to promote best practices in the profession.
As of March 2011, ANAN had applied to become a member of the Association of Accountancy Bodies in West Africa
(ABWA).
), have been criticized for not providing enough training to members at subsidized rates.
However, ANAN operates a training school for accountants in Jos
, Plateau State
.
At a ceremony in March 2006 the President of ANAN, Professor E. R. Iwok, laid the foundation stone of an ultra-modern auditorium for the Nigerian College of Accountancy
.
He said that ANAN planned to build the leading accountancy campus in Africa and to make Jos the Mecca of the accountancy profession.
As of March 2011 the college, which was attracting growing numbers of students from other countries in Africa, was still operating out of temporary facilities.
The only buildings completed at the permanent site were two large examination halls with capacity of 3,000.
The college is a University Member of IAAER.
In 2002 ICAN applied to the courts to disqualify and/or bar Mr Clement Akpamgbo from representing ANAN, and the matter was referred to a lower court. ANAN appealed the decision, but the appeal was dismissed for lack of merit.
In November 2007 a Federal High Court in Lagos
dismissed a suit by ICAN requesting the court to declare that the decree establishing ANAN was void.
In March 2009, ANAN President Dr Samuel Nzekwe rejected an attempt by ICAN to set auditing standards for its members.
He said that the Nigerian Accounting Standards Board (NASB) Act 2003 said that only the board could set standards for the accounting profession.
In June 2010 Mr. Godson Nnadi, Executive Secretary of Nigeria Accounting Standards Board, spoke in favor of a new body to set accounting and auditing standards for Nigeria and other African nations. The new body would be independent of both ANAN and ICAN.
In May 2008 the House of Representatives rejected a bill to establish the Chartered Institute of Management Accountants of Nigeria (CIMA) as an alternative to both the ANAN and ICAN. The House was concerned about proliferation of accounting bodies.
In December 2009 were delays in passage by the Senate
of bills on the Institute of Chartered Public Accountants (CPA) and the Chartered Institute of Management and Cost Accountants (CIMCA).
The bills had been approved by both houses during the administration of President Olusegun Obasanjo, but he had failed to sign them into law before the end of his term. As a result, President Umaru Yar'Adua had to resubmit the bills when he took office in 2007.
ANAN did not object to the new organizations but ICAN expressed concerns on the grounds of proliferation.
In September 2009 it was alleged that the Comptroller General of the Nigerian Customs Service, Abdullahi Inde Dikko, had obtained a fake West African Examinations Council (WAEC) certificate dated 1980.
It was said that when ICAN discovered the fake, Dikko abandoned an attempt to become a fellow of ICAN and instead opted for ANAN membership.
These allegations were later proven false, and the police declared Dikko's accuser Olajide Ibrahim wanted for making false allegations.
In October 2010 President Goodluck Jonathan
spoke at the Annual National Conference of ANAN.
He challenged his audience to champion transparency and fight corruption by refusing to allow manipulation of accounting records and processes for corrupt purposes.
The ANAN donated a research center to the Nasarawa State University
, Keffi
, which was opened in May 2011, possibly the first donation of this type in Nigeria. The purpose of research would be to find ways to ensure that the Accountancy profession meets its goals in effective public and private sector service delivery.
On 29 April 2011 the first female auditor-general of Kogi State
, Maryam Ladi-Ibrahim, succeeded Iyamide Gafar as ANAN President.
Nigeria
Nigeria , officially the Federal Republic of Nigeria, is a federal constitutional republic comprising 36 states and its Federal Capital Territory, Abuja. The country is located in West Africa and shares land borders with the Republic of Benin in the west, Chad and Cameroon in the east, and Niger in...
, the other being the Institute of Chartered Accountants of Nigeria
Institute of Chartered Accountants of Nigeria
The Institute of Chartered Accountants of Nigeria is a professional accountancy body in Nigeria.It is one of the two professional accountancy associations with regulatory authority in Nigeria, the other being the Association of National Accountants of Nigeria .The relationship between the two...
(ICAN).
A consultant offering financial services in Nigeria must be a member of either ANAN or ICAN.
Organization
ANAN was founded on 1 January 1979 and was incorporated on 28 September 1983. The Association was chartered on 25 August 1993 by Decree 76 of 1993.The governing council of ANAN is elected by its members.
It includes representatives of the Auditors General of the Federation, State and Local Government, and representatives of universities and polytechnics.
Before being admitted to ANAN members must undertake academic studies, including one year at ANAN’s Nigerian College of Accountancy, followed by a two-year practical accountant-in-training program, leading to qualification as a Certified National Accountant
Certified National Accountant
A Certified National Accountant is a qualified professional accountant that has met the educational qualification and professional experience requirements for membership of Association of National Accountants of Nigeria , and has been accepted as a member of the association...
.
ANAN members must comply with its Professional Code of Conduct, which complies with International Federation of Accountants
International Federation of Accountants
International Federation of Accountants is the global organization for the accountancy profession. IFAC has 164 member and associates in 124 countries and jurisdictions, representing more than 2.5 million accountants employed in public practice, industry and commerce, government, and academe...
requirements.
As of December 2007 ANAN had total membership of 10,260.
By December 2010 membership had grown to 16,207.
Affiliations
ANAN was admitted as a member of the Association of Professional Bodies of Nigeria on 7 December 2010.ANAN is also a member of the Financial Reporting Council of Nigeria
Financial Reporting Council of Nigeria
The Financial Reporting Council of Nigeria , formerly the Nigerian Accounting Standards Board , is an organization charged with setting accounting standards in Nigeria.-Nigerian Accounting Standards Board:...
(FRCN), which sets accounting standards for the country.
Both ANAN and ICAN nominate two members to the NASB board.
ANAN is an institutional member of the International Association for Accounting Education & Research
International Association for Accounting Education & Research
The International Association for Accounting Education & Research is a non-profit organization that promotes excellence in accounting education and research...
(IAAER).
ANAN is a correspondent member of XBRL International
XBRL International
XBRL International is the international standards organization which develops and maintains the XBRL Specification. It is a not-for-profit consortium of agencies and companies internationally, working together to build the XBRL language standard, and support and promote XBRL's adoption. As of...
, which is developing a standard for electronic representation of accounting information.
Both ANAN and ICAN work with the United Kingdom
United Kingdom
The United Kingdom of Great Britain and Northern IrelandIn the United Kingdom and Dependencies, other languages have been officially recognised as legitimate autochthonous languages under the European Charter for Regional or Minority Languages...
-based Chartered Institute of Public Finance and Accountancy
Chartered Institute of Public Finance and Accountancy
The Chartered Institute of Public Finance and Accountancy is a professional institute for accountants working in the public services.CIPFA has 14,000 members who work throughout the public services, in national audit agencies, in major accountancy firms, and in other bodies where public money...
(CIPFA) to promote best practices in the profession.
As of March 2011, ANAN had applied to become a member of the Association of Accountancy Bodies in West Africa
Association of Accountancy Bodies in West Africa
The Association of Accountancy Bodies in West Africa is a regional organization of the International Federation of Accountants . As of 2011 there were ten West African accounting institutes represented in ABWA.-History:...
(ABWA).
Educational activities
Both ANAN and its rival ICAN, as well as the CITN (Chartered Institute of Taxation of NigeriaChartered Institute of Taxation of Nigeria
The Chartered Institute of Taxation of Nigeria is a professional organization in Nigeria whose members are certified as qualified tax practitioners or administrators.-Organization:...
), have been criticized for not providing enough training to members at subsidized rates.
However, ANAN operates a training school for accountants in Jos
Jos
Jos is a city in the Middle Belt of Nigeria.The city has a population of about 1.5 million residents. Popularly called "J-town" or "Jesus Our Saviour" by the residents, it is the administrative capital of Plateau State....
, Plateau State
Plateau State
Plateau State is the twelfth largest state of Nigeria, and is roughly located in the center of the country. It is geographically unique in Nigeria because its boundaries totally surround the Jos Plateau, having the Jos Plateau totally in its central and northern part...
.
At a ceremony in March 2006 the President of ANAN, Professor E. R. Iwok, laid the foundation stone of an ultra-modern auditorium for the Nigerian College of Accountancy
Nigerian College of Accountancy
Nigerian College of Accountancy is an educational institution in Jos, Nigeria established in 1994 that is operated by Association of National Accountants of Nigeria ....
.
He said that ANAN planned to build the leading accountancy campus in Africa and to make Jos the Mecca of the accountancy profession.
As of March 2011 the college, which was attracting growing numbers of students from other countries in Africa, was still operating out of temporary facilities.
The only buildings completed at the permanent site were two large examination halls with capacity of 3,000.
The college is a University Member of IAAER.
Competing organizations
In its charter, the government gave ANAN the authority needed to compete with ICAN. By 1994 the two organizations were fighting for control of the Chartered Accountants profession.In 2002 ICAN applied to the courts to disqualify and/or bar Mr Clement Akpamgbo from representing ANAN, and the matter was referred to a lower court. ANAN appealed the decision, but the appeal was dismissed for lack of merit.
In November 2007 a Federal High Court in Lagos
Lagos
Lagos is a port and the most populous conurbation in Nigeria. With a population of 7,937,932, it is currently the third most populous city in Africa after Cairo and Kinshasa, and currently estimated to be the second fastest growing city in Africa...
dismissed a suit by ICAN requesting the court to declare that the decree establishing ANAN was void.
In March 2009, ANAN President Dr Samuel Nzekwe rejected an attempt by ICAN to set auditing standards for its members.
He said that the Nigerian Accounting Standards Board (NASB) Act 2003 said that only the board could set standards for the accounting profession.
In June 2010 Mr. Godson Nnadi, Executive Secretary of Nigeria Accounting Standards Board, spoke in favor of a new body to set accounting and auditing standards for Nigeria and other African nations. The new body would be independent of both ANAN and ICAN.
In May 2008 the House of Representatives rejected a bill to establish the Chartered Institute of Management Accountants of Nigeria (CIMA) as an alternative to both the ANAN and ICAN. The House was concerned about proliferation of accounting bodies.
In December 2009 were delays in passage by the Senate
Senate of Nigeria
The Senate is the upper house of the National Assembly of Nigeria. It consists of 109 senators: the 36 states are divided in 3 senatorial districts each electing one senator; the Federal Capital Territory elects only one senator....
of bills on the Institute of Chartered Public Accountants (CPA) and the Chartered Institute of Management and Cost Accountants (CIMCA).
The bills had been approved by both houses during the administration of President Olusegun Obasanjo, but he had failed to sign them into law before the end of his term. As a result, President Umaru Yar'Adua had to resubmit the bills when he took office in 2007.
ANAN did not object to the new organizations but ICAN expressed concerns on the grounds of proliferation.
News events
Speaking in August 2009, the ANAN President Chief (Mrs). Iyamide Gafar criticized the recent dismissal of the heads of five banks as being selective, with just five scapegoats. Saying that the problems were more widespread, she also advocated more frequent rotation of accountants and auditors between banks to prevent them from getting too close to management.In September 2009 it was alleged that the Comptroller General of the Nigerian Customs Service, Abdullahi Inde Dikko, had obtained a fake West African Examinations Council (WAEC) certificate dated 1980.
It was said that when ICAN discovered the fake, Dikko abandoned an attempt to become a fellow of ICAN and instead opted for ANAN membership.
These allegations were later proven false, and the police declared Dikko's accuser Olajide Ibrahim wanted for making false allegations.
In October 2010 President Goodluck Jonathan
Goodluck Jonathan
Goodluck Ebele Azikiwe Jonathan, GCFR, BNER, GCON is the 14th Head of State and current President of Nigeria.He was Governor of Bayelsa State from 9 December 2005 to 28 May 2007, and was sworn in as Vice President of the Federal Republic of Nigeria on 29 May 2007. Jonathan is a member of the...
spoke at the Annual National Conference of ANAN.
He challenged his audience to champion transparency and fight corruption by refusing to allow manipulation of accounting records and processes for corrupt purposes.
The ANAN donated a research center to the Nasarawa State University
Nasarawa State University
- External Links :**...
, Keffi
Keffi
Keffi is a Local Government Area in Nasarawa State, Nigeria. Its headquarters are in the town of Keffi.It has an area of 138 km² and a population of 92,664 at the 2006 census.The postal code of the area is 961.- Education :...
, which was opened in May 2011, possibly the first donation of this type in Nigeria. The purpose of research would be to find ways to ensure that the Accountancy profession meets its goals in effective public and private sector service delivery.
On 29 April 2011 the first female auditor-general of Kogi State
Kogi State
Kogi state is found in the central region of Nigeria. It is popularly called the Confluence State because the confluence of River Niger and River Benue is at its capital, Lokoja, which is the first administrative capital of modern-day Nigeria....
, Maryam Ladi-Ibrahim, succeeded Iyamide Gafar as ANAN President.