The two legally recognized professional accounting bodies in Nigeria are the?

Assessment: JAMB UTME - Principles of Accounts - 2020 Subject: Financial Accounting

Question 1 Report

The two legally recognized professional accounting bodies in Nigeria are the?
Answer Details
The two legally recognized professional accounting bodies in Nigeria are the Institute of Chartered Accountants of Nigeria (ICAN) and the Association of National Accountants of Nigeria (ANAN). ICAN is a professional organization for chartered accountants in Nigeria. Members of ICAN are trained to provide accounting, auditing, tax, and financial management services. ANAN is a professional body for national accountants in Nigeria. ANAN's members are trained in cost and management accounting, as well as financial management. Both ICAN and ANAN are recognized by the Nigerian government as the leading professional bodies for accountants in the country, and their members are held to high standards of ethical and professional behavior.

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