Relationship With ANAN
The Association of National Accountants of Nigeria (ANAN) was chartered on 25 August 1993. The government had given ANAN the mandate to compete with ICAN, and by 1994 the two organizations were fighting for control of the Chartered Accountants profession in Nigeria. 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. ANAN ICAN now set to settle dispute out of courthttp://www.ican-ngr.org/news.php
Read more about this topic: Institute Of Chartered Accountants Of Nigeria
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