The Institute of Chartered Accountants Of Nigeria (ICAN) will from the year 2020, conduct 3 exam in a year namely: March, July and November diets which also includes Accounting Technician Scheme (ATS).
The Institute revealed this in the sensitization program of ICAN 2019 syllabus review which was held at Lagos airport hotel on the 27th of July, 2019. With this new arrangement, a non-accounting graduate can become chartered a accountant in one year if he or she passes all the exam papers, instead of one and half years. Before the arrangement, ICAN exams are conducted twice a year which are May and November diets.
Also in news, ICAN exam scripts will be scanned and stored in cloud while the marking will be done on-screen marking. The new study pack will be available on ICAN's website from next week. It will also be available exclusively on Trendingaccounting from next week too, the pack will also contain some questions and answers, as well as mock questions. The compulsory question at skills and professional stage will carry 40 marks and ICAN will consistently set the questions from main core topic of each subjects for this compulsory question.
Case study will be sent to students 2 weeks before the exam including questions, students can be doing permutations and combinations on what the examiner will ask on that case study. The answer to the case should include executive summary.