THE INSTITUTE OF CHARTERED
ACCOUNTANTS OF NIGERIA
(Established by Act of Parliament No. 15 of 1965)
September 18, 2007.
NEWS RELEASE
The Institute of Chartered Accountants of Nigeria, ICAN, has made Technology Competence a
prerequisite for inducting its new members. Thus, from 2008, every graduate of ICAN is expected to
acquire Information Technology skills under the Institute’s Technology Competence Initiative (TCI) or
show proof of such competence before he or she can be inducted. Arrangements are in top gear by
the Institute to accredit the Accounting and Auditing software as well as the training centers for the
effective take-off of programme nationwide.
Essentially, the TCI programme will cover four modules: Module 1(Computer Fundamentals) will last
one week or 40hours; Module 2 (Use of Accounting Packages), 3 days or 24 hours; Module 3 (Audit
Software), 3 days or 24 hours; and Module 4 (Professional Technology Competence), 4 months and
training is only on weekends. The first two Modules will be the precondition for induction of new
members.
TCI is a deliberate effort of the Institute aimed at building Information Technology competence in
Chartered Accountants. This is expected to enable them serve their clients, employers and the nation
at large more effectively in the knowledge economy environment.
TCI had earlier been introduced to qualified members essentially as a post-qualification initiative to
assist them in acquiring and applying IT knowledge and expertise. The Institute’s move was in
response to the International Education Guideline (IEG) 11 issued by the International Federation of
Accountants’ (IFAC’s) Education Committee. The Guideline, which is on “Information Technology for
Professional Accountants” is intended to assist member bodies of IFAC to prepare professional
Accountants to work in the Information Technology environment. According to the Guideline, the
society expects professional accountants to do their work competently, and to do so, the
professionals must demonstrate competence in the use of IT computer-based information systems.
Therefore, TCI is the Institute’s instrument for implementing the IFAC guideline and a strategic
institutional support to empower Chartered Accountants to meet the emerging challenges of the
information age.
The recent decision to make TCI a precondition for induction of new members is the outcome of the
ICAN Council’s review of its earlier decision on the matter.
ICAN, which is the only Nigerian member of IFAC, has over 2,000 fellows, over 16,000 associate
members and close to 120,000 students on its registers and conducts examinations twice in a year.
In all its years of existence, the examinations have been conducted without leakage. Since it came
into existence more than forty years ago by the Act of Parliament No. 15 of 1965, ICAN has been the
premier professional Institute in Nigeria, producing world-class professionals. Its qualification
entitles members to be called “Chartered Accountants” and the world recognizes it as a prestigious
qualification. From time to time, the Institute raises its standards in line with the provisions of the
International Federation of Accountants, IFAC, which is the umbrella association for accountancy
bodies all over the world.
DAYO AJIGBOTOSHO
Manager, Corporate Affairs
1
THE INSTITUTE OF CHARTERED
ACCOUNTANTS OF NIGERIA
(Established by Act of Parliament No. 15 of 1965)
TECHNOLOGY COMPETENCE INITIATIVE (TCI )
Precondition for Induction of New Members and Optional for ICAN
Students
DURATION:
1 Week (40hrs)
3 Days (24hrs)
3 Days (24hrs)
Module 1. Computer Fundamentals
Module 2. Use of Accounting Packages
Module 3 Use of Audit Software
Application Form
(a)
(b)
(c)
FEES:
-N-15,000
N- 7,500
N- 7,500
N2000.
The first two Modules are pre-condition for induction.
Module 1 is a prerequisite for modules 2, 3
Fees exclude VAT, Tea break and Lunch.
Program Development & Implementation Consultants are
A.J. Silicon
EDP Tecknowledge Education,
14B Amara Olu Street, off Zenith Bank,
Lateef Jakande Rd, First Gate Bus stop,
Agidingbi, Ikeja .Lagos
Tel: 018985715, 014700712,08055272046
e-mail: [email protected],Website :www.ajsilicon.com
EDP CENTRE, River Valley Estate, Limson Rd,
Ojodu Berger, off Isheri rd, Berger Bus Stop on Lagos
Ibadan Expressway ,Ikeja.Lagos
Tel: 014702732,4807742,7940285, 08023161357,08035725283
e-mail: [email protected]
Other centres have been accredited in and outside Lagos (see list of training centres).
Olutoyin Adepate, MBA, FCA
Registrar/Chief Executive
Tel: (01) 261-7638, 261-4235, 262-2394
2
3
4