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Laws of the Federation Preview 64 min read

Institute of Chartered Accountants of Nigeria Act

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Arrangement of Sections

The Institute of Chartered Accountants of Nigeria

1. Establishment of Institute of Chartered Accountants of Nigeria.

2. Election of president and vice-president of the Institute.

3. Council of Institute and membership, etc.

4. Financial provisions.

5. Transfer to Institute of certain property, etc.

The register

6. Appointment of register, etc., and preparation of the register.

7. Publication of register and lists of corrections.

Registration

8. Registration of accountants.

9. Approval of qualifications, etc.

10. Supervision of instructions and examinations leading to approved qualifications.

Professional discipline

11. Establishment of Disciplinary Tribunal and Investigating Panel.

12. Penalties for unprofessional conduct, etc.

Miscellaneous and general

13. Application of Act to un-enrolled persons.

14. When persons are deemed to practise as accountants.

15. Rules as to articles, practising fees, etc.

16. Provision of library facilities, etc.

17. Regulations and rules.

18. Offences.

19. Interpretation.

20. Short title.

SCHEDULE

FIRST SCHEDULE

Supplementary provisions relating to the Council

SECOND SCHEDULE

Transitional provisions as to property, etc.

THIRD SCHEDULE

Supplementary provisions relating to the Disciplinary Tribunal and Investigating Panel

INSTITUTE OF CHARTERED ACCOUNTANTS OF NIGERIA ACT

An Act to regulate the profession of accountancy and for matters connected there-
with;

[1st September, 1965] [Commencement.]

The Institute of Chartered Accountants of Nigeria

1. Establishment of Institute of Chartered Accountants of Nigeria

(1) There shall be established a body to be known as the Institute of Chartered Accountants of Nigeria (in this Act referred to as "the Institute") which shall be a body corporate under that name and be charged with the general duty of-
(a) determining what standards of knowledge and skill are to be attained by persons seeking to become members of the accountancy profession and raising those standards, from time to time, as circumstances may permit;
(b) securing in accordance with the provisions of this Act the establishment and
maintenance of the register of fellows, associates ad registered accountants entitled to practise as accountants and auditors and the publication, from time to time, of lists of those persons; and

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