Press Releases/News Alerts
IFAC Announces New Partnership to Strengthen Accountancy Education in Nigeria
CPA Ireland and the Association of National Accountants of Nigeria Partnership to Focus on Accountancy Training, Examination Systems
The International Federation of Accountants® (IFAC®) today announced the selection of Certified Public Accountants Ireland (CPA Ireland) to partner with the Association of National Accountants of Nigeria (ANAN) and its training arm, the Nigerian College of Accountancy (NCA), to review and strengthen its study materials and examination processes.
NCA is a postgraduate professional college established in 1994. It is responsible for determining the standards of knowledge and skills needed by potential ANAN members and promoting the highest standards of competence, practice, and conduct. NCA provides tuition to 1,000 full-time residential students every year, as well as to part-time students through its mature students program.
In working with ANAN, CPA Ireland will review, update, and make recommendations for ongoing maintenance to the syllabus, study materials, and examination for NCA’s professional and conversion programs.
“CPA Ireland is no stranger to the accountancy profession in Nigeria, having worked with ANAN on a number of projects in recent years,” said Eamonn Siggins, CPA Ireland Chief Executive. “We have a strong understanding of ANAN, its position in the accountancy profession in Nigeria, and the Nigerian profession. We look forward to continuing our strong relationship with ANAN through this partnership to advance accountancy education.”
“Working with CPA Ireland to strengthen their training and examination will help NCA elevate their accountancy education in line with good practice, and position them to make a strong contribution to building public sector accountancy capacity as well as attract increasing numbers of students,” said Alta Prinsloo, IFAC Executive Director, Strategy, and Chief Operating Officer.
In 2014, IFAC received almost £5 million from the UK Department for International Development (DFID) to fund PAO capacity building in ten emerging countries over seven years. CPA Ireland joins other global accountancy organizations that have been selected to develop the profession in specific nations. Each partner organization was selected following global Calls for Expressions of Interest and an extensive proposal and review process involving multiple global organizations and the IFAC PAO Capacity Building Program Oversight Committee and Independent Selection Panel. Work stemming from these partnerships are currently underway in Ghana, Rwanda, Uganda, and Zimbabwe and a planned project in Kyrgyzstan is in development.
IFAC is the global organization for the accountancy profession, dedicated to serving the public interest by strengthening the profession and contributing to the development of strong international economies. It is comprised of more than 175 members and associates in more than 130 countries and jurisdictions, representing almost 3 million accountants in public practice, education, government service, industry, and commerce.
About CPA Ireland
The Institute of Certified Public Accountants in Ireland (CPA Ireland) is one of the main Irish accountancy bodies representing 5,000 members and students. The CPA designation is the most commonly used designation worldwide for professional accountants and the Institute’s qualification enjoys wide international recognition. Its current membership operates in public practice, Industry, financial services and the public sector and CPAs work in over 40 countries around the world.
CPA Ireland is active in the profession at national and international level participating in the Consultative Committee of Accountancy Bodies – Ireland – CCAB (I) and together with other leading accountancy bodies the Institute was a founding member of the International Federation of Accountants (IFAC) – the worldwide body. CPA Ireland is also a member of the Federation des Experts Comptables Europeens (FEE), the representative body for the main accountancy bodies in 37 European countries.
The Institute fulfils its statutory role as a recognised body by overseeing the professional activities of its members in practice, and insuring that education and training standards are maintained. As the first accountancy body to introduce a mandatory regime of Continuing Professional Development, the Institute ensures that all CPAs remain at the leading edge throughout their careers. The Institute provides a quality service to its Members and Students, which has been recognised through the award and maintenance of ISO 9001:2008. For further information visit www.cpaireland.ie.
The UK Department for International Development (DFID) leads the UK’s work to end extreme poverty. They are ending the need for aid by creating jobs, unlocking the potential of girls and women and helping to save lives when humanitarian emergencies hit. For more information, visit www.gov.uk/dfid.