JAMB - Accounts Principles Of Accounts (2024 - No. 32)
Which of the following bodies regulates accounting practices in Nigeria?
NIT
NIB
EFCC
ANAN
Explanation
In Nigeria, there are two main professional accountancy associations with regulatory power:
Institute of Chartered Accountants of Nigeria (ICAN): This is the older and more widely recognized body. Association of National Accountants of Nigeria (ANAN): This is another recognized professional accountancy body.
Institute of Chartered Accountants of Nigeria (ICAN): This is the older and more widely recognized body. Association of National Accountants of Nigeria (ANAN): This is another recognized professional accountancy body.
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