Institute of Chartered Accountants of Namibia
Encyclopedia
The Institute of Chartered Accountants of Namibia (ICAN) is a professional accountancy
body in Namibia
. It is the sole organisation in Namibia with the right to award the Chartered Accountant
designation.
ICAN is a member of the International Federation of Accountants
(ICAN).
ICAN was a charter member of the Pan African Federation of Accountants
, which was inaugurated on 5 May 2011.
Accountancy
Accountancy is the process of communicating financial information about a business entity to users such as shareholders and managers. The communication is generally in the form of financial statements that show in money terms the economic resources under the control of management; the art lies in...
body in Namibia
Namibia
Namibia, officially the Republic of Namibia , is a country in southern Africa whose western border is the Atlantic Ocean. It shares land borders with Angola and Zambia to the north, Botswana to the east and South Africa to the south and east. It gained independence from South Africa on 21 March...
. It is the sole organisation in Namibia with the right to award the Chartered Accountant
Chartered Accountant
Chartered Accountants were the first accountants to form a professional body, initially established in Britain in 1854. The Edinburgh Society of Accountants , the Glasgow Institute of Accountants and Actuaries and the Aberdeen Society of Accountants were each granted a royal charter almost from...
designation.
ICAN is a member of the 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...
(ICAN).
ICAN was a charter member of the Pan African Federation of Accountants
Pan African Federation of Accountants
The Pan African Federation of Accountants is the regional body that is aimed to represent African professional accountants with one and louder voice, particularly in relating with International Federation of Accountants...
, which was inaugurated on 5 May 2011.