Which of the following bodies regulates accounting practices in Nigeria?
-
ANAN
- EFCC
- NIB
- NIT
The correct answer is: 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.