The 53rd President of the Institute of Chartered Accountants of Nigeria (ICAN), Alhaji Ismaila Muhammadu Zakari, has ranked Benson Idahosa University’s Accounting programme as one of the best in the country. He endorsed the quality and standard of the programme when he led a delegation of the Institute on a courtesy call to the University Management. According to him, the University employs a lot of chartered accountants in the country and that’s why the students are performing exceptionally thereby enhancing the global competitiveness of the institution.
He said: “Since 2008 when the Accounting Department was first accredited, the Institute has had a cordial relationship with Benson Idahosa University. Since then the University has maintained standards required to keep it in our list of accredited institutions for the proper teaching and learning of Bachelor of Science degree in Accounting.It is on record that many of your graduates of accounting have successfully completed professional examination of the Institute.”
Alhaji Zakari mentioned that the institute was established to set standards and regulate the practice of accounting in Nigeria, adding that the institute’s certification will help the accounting students of Benson Idahosa University become well-trained professional accountants.
“As you are aware ICAN was established by the act of parliament in 1965 to set standards and regulate the practice of accountants in Nigeria, since then the institute has produced more than 43,293 chartered accountants and over twenty thousand accounting technicians who are very talented and committed; working in every sphere of the Nigeria economy and we are proud to say that many are graduates of this university” he said.
“Today ICAN members hold influential positions in Nigeria and around the world as business leaders, public administrators, academics, decision makers and trusted advisers.” The ICAN President also sued for increase in the partnership with the university. This would ensure that graduates of Benson Idahosa University are offered preferential treatment with the institute’s professional examinations.
He emphasized that this partnership with the institute will allow graduates of the Accounting programme from Benson Idahosa University to be exempted from the 11 subjects in the first two stages (Foundation and Skills Levels) of the Institute’s three –stage professional examinations. The ICAN President in his remark singled out a Professor of Accounting in the university, Professor A.R. Anao. He thanked Prof. A.R. Anao for his contribution to several accounting journals and practices in the country.
In his remark, The Deputy Vice Chancellor, Prof. Sam Guobadia said the University will always conform to the standard of the Institute of Chartered Accountants of Nigeria in the training of its students in the accounting profession. He lauded the institute saying it’s one of the foremost institutes in the country that has done wonderfully well. He acknowledged the level professionalism that ICAN has been identified with over time.
The Acting Head, Department of Accounting, Benson Idahosa University, Dr. S.N Ugbogbo, said the department will continue to leverage on the good working relationship with the institute to produce credible accountants in the country He said the well-equipped departmental library and qualified lecturers contribute to the successful training of professionals in the field.
The Departmental library of the University also received another boost with the donation of accounting textbooks by the Institute to the Department of Accounting.
During the visit, the ICAN delegation also had an interactive session with the graduating students of Accounting. They were also given a guided tour round the University campus.