Nigerian accountants now have an easier route to securing certification in Canada following a new agreement between the Institute of Chartered Accountants of Nigeria (ICAN) and Chartered Professional Accountants Canada (CPA Canada).
The deal streamlines the process for ICAN members seeking the CPA designation, reducing barriers to professional recognition and opening doors to better career opportunities.
The agreement, signed as a Memorandum of Understanding (MOU), is expected to open more career opportunities for Nigerian accountants, particularly in financial management, taxation, and consulting. It also enhances the global value of ICAN certification, making it easier for members to secure international jobs.
A Major Career Boost for Nigerian Accountants
Before this agreement, ICAN members faced a lengthy and expensive process to become CPAs in Canada, including extra coursework and examinations. Now, they can fast-track their certification and transition into higher-paying accounting roles.
ICAN announced the development on its X (formerly Twitter) account, describing it as a groundbreaking step in increasing professional mobility for Nigerian accountants.
For many professionals already living in Canada, the MOU is a lifeline. Some have struggled to get their qualifications recognized, often settling for lower-paying jobs or having to restart their careers from scratch.
What ICAN Members Need to Qualify
To benefit from the new pathway, ICAN members must be fully qualified and in good standing with ICAN. They need to hold a recognized university degree or have at least eight years of relevant work experience in core CPA areas like financial reporting, management accounting, and taxation. Passing the Common Final Examination (CFE) is also required, as well as meeting good character requirements and paying applicable fees.
ICAN members with more than two years of post-designation experience will not need additional practical experience assessments. However, those with less than two years may need to submit both pre- and post-qualification experience for review.
The agreement does not automatically grant ICAN members the right to practice public accounting in Canada. Those interested in offering audit or public accounting services may need to complete additional exams or training based on provincial regulations.
Experts believe this agreement could encourage more Nigerian accountants to explore opportunities abroad while strengthening ICAN’s reputation globally. With Canada’s increasing demand for skilled accountants, the deal is expected to benefit both Nigerian professionals and Canadian employers seeking qualified financial experts.
ICAN members interested in obtaining CPA certification must contact the CPA provincial or regional body in their area for further guidance.
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