Accounting - Abuja, Federal Capital Territory, Nigeria
The Association of National Accountants of Nigeria (ANAN) is a Professional accountancy association with a regulatory authority in Nigeria. ANAN was founded on 1 January 1979, incorporated on 28 September 1983 and 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 training arm, Nigerian College of Accountancy, followed by a two-year practical Accountant-In-Training (AIT) program, leading to qualification as a Certified National Accountant (CNA). ANAN members must comply with its Professional Code of Conduct, which complies with International Federation of Accountants requirements. The Association has more than 45,000 members and over 50,000 students.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 admitted into membership of Pan African Federation of Accountants. ANAN is now a member of International Federation of Accountants (IFAC).
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