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Which of the following bodies regulates accounting practices in Nigeria?

Accounts - Principles of Accounts
JAMB 2024

Which of the following bodies regulates accounting practices in Nigeria?

  • A. ANAN
  • B. EFCC
  • C. NIB
  • D. NIT
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Correct Answer: Option A
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.

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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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