Formation | 1979 |
---|---|
Type | Professional association |
Purpose | Encourage professionalism in accountancy in Nigeria |
Headquarters | Lagos, Nigeria |
Official language
|
English |
President
|
Alhaji Shehu Usman Ladan, mni, FCNA President ANAN |
Website | http://www.anan.org.ng// |
The Association of National Accountants of Nigeria (ANAN) is one of the two professional accountancy associations with regulatory authority in Nigeria, the other being the Institute of Chartered Accountants of Nigeria (ICAN). A consultant offering financial services in Nigeria must be a member of either ANAN or ICAN.
ANAN was founded on 1 January 1979 and was incorporated on 28 September 1983. The Association was chartered on 25 August 1993 by Decree 76 of 1993. The governing council of ANAN is elected by its members. It includes representatives of the Auditors General of the Federation, State and Local Government, and representatives of universities and polytechnics.
Before being admitted to ANAN members must undertake academic studies, including one year at ANAN’s Nigerian College of Accountancy, followed by a two-year practical accountant-in-training program, leading to qualification as a Certified National Accountant. ANAN members must comply with its Professional Code of Conduct, which complies with International Federation of Accountants requirements. As of December 2007 ANAN had total membership of 10,260. By December 2010 membership had grown to 16,207.
ANAN was admitted as a member of the Association of Professional Bodies of Nigeria on 7 December 2010. ANAN is also a member of the Financial Reporting Council of Nigeria (FRCN), which sets accounting standards for the country. Both ANAN and ICAN nominate two members to the NASB board.
ANAN is an institutional member of the International Association for Accounting Education & Research (IAAER). ANAN is a correspondent member of XBRL International, which is developing a standard for electronic representation of accounting information. Both ANAN and ICAN work with the United Kingdom-based Chartered Institute of Public Finance and Accountancy (CIPFA) to promote best practices in the profession. As of March 2011, ANAN had applied to become a member of the Association of Accountancy Bodies in West Africa (ABWA)., now listed as Council member of ABWA ANAN was recently admitted into membership of Pan African Federation of Accountants. ANAN is now a member of International Federation of Accountants(IFAC)—