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ICAN Unveils New Examination Syllabus, Seals Deal with Tertiary Institutions

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images 2020 09 28T101730.765 ICAN Unveils New Examination Syllabus, Seals Deal with Tertiary Institutions

The Institute of Chartered Accountants of Nigeria (ICAN) has launched a new syllabus for its professional examination. The new syllabus which takes effect from March 2021 was developed in line with the, “institute’s resolve to continue to produce future-ready Chartered Accountants with skills and competences desired by the market.”

ICAN disclosed this in a statement obtained at the weekend.

The ICAN President, Onome Joy Adewuyi, who unveiled the new curriculum said the revised syllabus captured subjects on emerging technologies that are disrupting the accounting profession, such as block chain technology, artificial intelligence, machine learning and internet of things, among others.

She explained further that new trends in the Nigerian environment such as the Finance Act 2020 which introduced new developments in the country’s tax system and the new Companies and Allied Matters Act (CAMA 2020) also presented added impetus for the review.

According to her, “a Chartered Accountant worth its salt is not just an expert in the technical aspect of the profession but should be furnished with soft skills including effective communication, integrity, accuracy and good professional judgment.”

She added that the current syllabus was reviewed in 2018 but the rapidly changing environment necessitated a revisit of the status quo from the five-year policy of the syllabus review to a more regular one that proactively responds to the demands of the market.

The review also necessitated the restructuring of various levels of the institute’s examinations to reflect the new changes in the syllabus and equally expanded the contents of the various subjects against the backdrop of the new normal.

“While retaining the 15 subjects, there are now four subjects at the Foundation level as against the former five, six at Skills as against five and retained the five subjects at the Professional level.

Meanwhile the Institute has signed the Mutual Cooperation Agreement (MCATI) with two tertiary institutions to deepen the standards of learning and dissemination of Accounting knowledge in Nigeria. The Institutions are: Adeleke University Ede, Osun State and the Federal University, Nekede, Owerri, Imo State, thus bringing the number of Institutions under the scheme to 23. All the 23 institutions are obligated to incorporate the requirements of the new syllabus in their curriculum.

The agreement meant that accounting students in the two institutions, and the 21 before them, would study using the integrated accounting curriculum of ICAN, National Universities Commission (NUC) and National Board for Technical Education (NBTE).

Accounting graduates from the Institutions would be granted 10 subject exemptions instead of seven subjects under the normal ICAN accreditation scheme.

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Education

FG, ASUU Resume Talks Today Over IPPIS, Revitalisation Fund

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images 2020 10 26T185505.946 FG, ASUU Resume Talks Today Over IPPIS, Revitalisation Fund

FG, ASUU Resume Talks Today over IPPIS, Revitalisation Fund
The federal government’s negotiating team and the leadership of the Academic Staff Union of Universities (ASUU) will resume negotiations today to iron out their differences over the application of the Integrated Payroll and Personnel Information System (IPPIS) and the proposed release of N30 billion university revitalisation fund.
Confirming the planned resumption of the talks yesterday, Minister of Labour and Employment, Senator Chris Ngige, said: “The contentious issues have virtually been addressed except for IPPIS and revitalisation fund, which ASUU opted to go and consult its organs.”
He said government was working on the gazetting of the visitation panel for the universities and reconstitution of negotiating team, adding that announcement will be made on both issues this week.
However, there are indications that today’s meeting between ASUU and the federal government team may be deadlocked again unless President Muhammadu Buhari intervenes to order payment of salaries to lecturers based on old GIFMIS platform pending when UTAS is ready for use.
At their last meeting on Thursday, both parties had disagreed on two key issues, revitalisation fund and how to handle payment of salaries to ASUU members pending the conclusion of an ongoing test run on the University Transparency and Accountability Solution (UTAS).
ASUU had shifted ground at the last meeting by requesting that the federal government provides N110 billion, half of the N220 billion it demanded as revitalisation fund for federal universities.
But the government said it cannot afford that with the present state of the economy.
Ngige had reminded ASUU of the position of the International Labour Organisation (ILO) with regard to “ability to pay” as a cardinal principle of collective bargaining agreement.
The source said ASUU agreed with the government’s offer of N30 billion as earned allowances but said the amount should be for only lecturers.
However, the federal government rejected ASUU’s demand to be given the N30 billion for lecturers alone, saying that all other unions in the university system should also receive payment from the money.
On revitalisation fund, a source privy to the meeting said: “The federal government is not ready to accede to ASUU’s demand for N110 billion now because it was part of the 2013 agreement that is now being renegotiated. That was why the government is offering things of good faith, like the payment of earned allowance pending when the committee saddled with the responsibility of identifying other alternative sources of funding concludes their work.”
For the two issues, ASUU team was asked to go and consult more with the union members and come back today for further deliberation.
On the implementation of the IPPIS, which almost stalled the meeting, the federal government said IPPIS should be allowed to operate in the interim until the test-run on UTAS is concluded.
But ASUU wanted payment of outstanding salaries on old GIFMIS platform before the implementation of UTAS.

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Lagos Private Schools Reopen Today , Public Schools Remain Shut

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images 2020 10 26T175211.732 Lagos Private Schools Reopen Today , Public Schools Remain Shut

Lagos Governor Babajide Sanwo-Olu has ordered private schools across the state to reopen from Monday, October 26 for normal academic activities.
Private and public schools in the state were shut on Monday over safety concerns following outbreak of violence during the #ENDSARS protests.
The Governor however said public schools remain shut.

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NECO postpones exams indefinitely

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images 2020 10 25T175733.430 NECO postpones exams indefinitely

The National Examinations Council has postponed the ongoing nationwide Senior Secondary Certificate Examinations indefinitely due to the current security challenges , occasion by the # EndSARS protests .
This was contained a statement signed by the Head of Information and Public Relations Division NECO , Azeez Sani , and made available to newsmen in Minna on Sunday .
Sani said the # EndSARS protests disrupted the smooth conduct of the examinations in some parts of the country .
He said, “ The Governing Board of the National Examinations Council at its Special Meeting held on Thursday , 22 nd October, 2020 reviewed the on -going 2020 SSCE ( internal ) nationwide. The Council had in a press release , dated 21 st October 2020 , informed the general public of rescheduling some papers of the 2020 on -going SSCE .
“ Arising from that meeting, today ( Sunday ) the Governing Board resolved that the 2020 SSCE ( Internal ) be postponed indefinitely in view of the current security challenges , occasioned by the ENDSARS protests , which disrupted the smooth conduct of the examinations in some parts of the country .
“ In making this decision, the Board noted that due to these security challenges , some state governments imposed curfew and closed schools in order to safeguard lives and property ;
In the circumstances, it has become difficult for the council to move examination materials across the country and students in the affected locations were unable to sit for the papers already scheduled in the examination time table. ”
He said the governing board further resolved , that “ when normalcy returns , the Council will continue with the conduct of the examinations in all States .
“ While regretting any inconveniences this postponement may cause our esteemed stakeholders , the Council has however taken this decision in order to maintain the integrity and security of its examination procedures for seamless conduct of the Council ’s examination .”

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