Other Professional Bodies
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 ANAN and ICAN. The House was concerned about proliferation of accounting bodies. ICAN was strongly opposed to establishment of CIMA, while ANAN said it supported the proposal given the dynamics of the profession.
In December 2009 there 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. As of March 2010 the bills had still not cleared the Senate.
In May 2011 Sebastian Owuama, President of ICAN, attended the annual tax conference of the Chartered Institute of Taxation of Nigeria (CITN) in Abuja where he called for an end to the squabble between ICAN and the CITN. The move was welcomed by CITN president Rasaq Adekunle Quadri.
Read more about this topic: Institute Of Chartered Accountants Of Nigeria
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