ICAN Strengthens Partnership with ICAEW on Global Accounting Standards

The Institute of Chartered Accountants of Nigeria (ICAN) and the Institute of Chartered Accountants in England and Wales (ICAEW) have reaffirmed their partnership to enhance global professional mobility and align accountancy practices with international standards.

In a statement released on Friday via its official X handle, ICAN announced that a high-level delegation, led by its 60th President, Chief Davidson Alaribe, met with ICAEW President, Malcolm Bacchus, to strengthen their collaboration and explore strategic alliances.

Key discussions focused on ensuring ICAN’s qualification framework meets global benchmarks, increasing professional opportunities for its members. As part of the agreement, both institutes will conduct a joint webinar on the Examination of Experience to enhance knowledge sharing.

One of the major outcomes of the meeting was a comprehensive syllabus review aimed at maximizing exemptions for ICAN members, making it easier for them to obtain international audit qualifications. Additionally, ICAN pledged to complete its qualification framework review by March 2025 to ensure full compliance with global standards.

Alaribe reaffirmed ICAN’s dedication to sustainability, capacity building, and international best practices, emphasizing appreciation for ICAEW’s support in advancing the profession.

The strengthened partnership highlights a shared commitment to fostering global professional mobility. By aligning qualification frameworks and promoting cross-border collaboration, both institutions aim to facilitate international recognition for their members and elevate global accounting standards.