ASSOCIATION OF NATIONAL ACCOUNTANTS OF NIGERIA ACT

An Act establishes the Association of National Accountants of Nigeria as a professional body for accountants. It targets accounting professionals, especially in the public sector. This promotes high standards and capacity in accounting practices.

What Is This Policy?

An Act establishing the Association of National Accountants of Nigeria (ANAN) as a professional body for accountants in Nigeria providing an alternative to ICAN.

Who Does It Target?

Accountants who are ANAN members Public sector accounting professionals Companies and organisations employing ANAN-certified accountants Financial Reporting Council of Nigeria

What Does It Aim to Achieve?

Professionalise accounting practice in Nigeria, provide an accessible route to accounting certification, and build accounting capacity particularly in the public sector.

Key Features

Professional Body: ANAN registers and certifies accountants through examinations at multiple levels. Public Sector Focus: ANAN has traditionally had strong membership in government and public sector accounting. Examinations: Administers professional accounting examinations at technician, associate, and fellow levels. Ethics: Enforces a code of professional ethics for members.

Current Status

Rollout Stage: Active Coverage: Nationwide accounting profession Beneficiaries: Accounting professionals; organisations needing accounting services Funding: Member subscriptions; examination fees

How to Access

Hold a relevant academic qualification Pass ANAN professional examinations Pay annual subscription and CPD compliance Application method: Apply for ANAN membership at https://www.anan.org.ng

Important Terms

ANAN certification is recognised for public sector accounting roles Both ICAN and ANAN are recognised accountancy bodies in Nigeria Annual renewal of practising licence is mandatory

Official Resources

Website: https://www.anan.org.ng Contact: Association of National Accountants of Nigeria (ANAN)

Legal Framework

Enacted under the legislative powers of the National Assembly as the Association of National Accountants of Nigeria (ANAN) Act (Cap A26 LFN 2004). Operates alongside the Institute of Chartered Accountants of Nigeria (ICAN) Act, the Financial Reporting Council (FRC) Act 2011, the Companies and Allied Matters Act (CAMA) 2020, and the International Financial Reporting Standards (IFRS) adoption framework in Nigeria.