The Institute of Chartered Accountants of Nigeria (ICAN) has released a new syllabus for its professional examination. The institute said on Saturday that the new syllabus which takes effect from March 2021 was developed in line with its resolve to “continue to produce future-ready chartered accountants with skills and competencies desired by the market.
”The ICAN President, Onome Adewuyi, unveiled the new syllabus, adding that the revised syllabus captured subjects on emerging technologies that are disrupting the accounting profession, such as BlockChain Technology, Artificial Intelligence, Machine Learning and Internet of Things.
The President added that the current syllabus was reviewed in 2018 but the rapidly changing environment necessitated a revisit of the status quo from the five-year policy of the syllabus review to a more regular one that proactively responds to the demands of the market.”
The President noted that new trends in the Nigerian climate, such as the 2019 Finance Act that implemented new changes in the tax system of the country and the 2020 New Companies and Allied Matters Act, also warranted a syllabus review.
ICAN also signed a Mutual Partnership Agreement with two universities, Adeleke University Ede, Osun State and Federal University, Nekede, Owerri, Imo State, in a statement on Saturday, taking the number of institutions under the scheme to 23.