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EXTRACTS FROM THE ACCEPTANCE AND INAUGURAL SPEECH OF THE 56TH PRESIDENT OF THE INSTITUTE OF CHARTERED ACCOUNTANTS OF NIGERIA ON HER INVESTITURE ON TUESDAY, JUNE 02, 2020

A. PERSONAL
1. The President studied Accountancy in the University of Benin(UNIBEN) between years 1979 and 1982
2. She is the first female student of Accountancy at UNIBEN
3. She became a Chartered Accountant in 1986
4. She is the first female Chartered Accountant from Emevor, in Delta State
5. She majorly made her career in financial service sector with Fidelity Bank as the last bank she worked with before exiting the sector.
6. The President was Chairperson of Society of Women Accountants of Nigeria (SWAN) between years 2013 and 2015.
7. She has played different roles as Professional Accountants in Alumni Associations of her Alma-maters, District Societies of ICAN and numerous ICAN standing and ad-hoc committees.
8. She was Honorary Treasurer of the Institute for 3 years.
9. She is the first Alumnus of UNIBEN to be ICAN President.
10. She is the second ICAN President from Isoko in Delta State.
11. She is the third ICAN President from the entire Delta State.
12. She is the 7th female ICAN President.
13. She is the 56th ICAN President!

B. THEME FOR 2020/2021 PRESIDENTIAL YEAR.
14. “Repositioning ICAN for Greater Visibility”

C. TO STUDENTS
15. Syllabus review will no longer be once in every five years. In fact, it may be reviewed in this Presidential year.
16. The Institute will collaborate with the National Universities Commission (NUC) and the National Board for Technical Education (NBTE) to review the accounting curricula of Universities and Polytechnics.
17. First Professional Exams for year 2020 will be conducted soon
18. CBT Exams of ICAN will soon be initiated
19. ICAN University/Online University (first in Nigeria/Africa) will soon be flagged off.
20. Tuition Centers will be supported technically for online lecture delivery
21. Efforts will be made to take the ATSWA Exams to other African Countries.

D. TO MEMBERS
22. Degree of responsiveness of the Institute to members’ needs and expectations would be enhanced
23. Online/virtual training programmes would be formalized and incorporated into annual training brochure of the Institute.
24. Operations and Strategy, Project Management, Risk Management, Business Analytics, Financial Modelling and Data analytics would be incorporated into the Faculties’ certification programmes.
25. More training programmes will be arranged to further reposition small and medium-sized practices (SMPs) in the country for better service delivery to users of accounting services.
26. More Guidance Notes will be issued by the Council to assist practitioners to tide over difficult practice issues.
27. The practice monitoring programme will commence in earnest.
28. The Council will engage various foreign embassies in Nigeria with a view to forging cordial relationships between the District Societies abroad and their respective embassies.
29. Enforcement of compliance to our Professional Code of Ethics will be pursued.
30. All proven cases of misdemeanour by members will be sanctioned without fear or favour
31. Adequate publicity will be given to the judgments of the Accountants’ Disciplinary Tribunal.

E. TO THE SECRETARIAT, COUNCIL, COMMITTEE MEMBERS AND DISTRICT SOCIETIES
32. The Institute will invest more in Information technology infrastructures and collaborate with technology companies
33. The Performance Appraisal of Council/Committee Members will be subjected to quarterly appraisal
34. The council will partner with the government to redefine national values, economic priorities and resource utilization strategies.
35. The quality of manning of various functions of the secretariat will be revisited with a view to achieving best fit and increased productivity.

F. TO THE INSTITUTE
36. Council will leverage the Institute’s goodwill to take bold steps to defend the enabling ICAN Act so that the value of our ICAN Certificate is preserved.
37. The Institute will continue to maintain its membership of and play active roles in the International Federation of Accountants (IFAC), the Association of Accountancy Bodies in West Africa (ABWA), Association of Professional Bodies of Nigeria (APBN) and the Financial Reporting Council of Nigeria as a way of strengthening its network of technical information.
38. The Council will strive to maintain excellent working relationships with regulatory authorities such as the Central Bank of Nigeria (CBN), Nigeria Deposit Insurance Corporation (NDIC), Securities and Exchange Commission (SEC), the Nigerian Stock Exchange (NSE), Corporate Affairs Commission (CAC), Federal Inland Revenue Service (FIRS), Nigerian Extractive Industries Transparency International (NEITI) and National Insurance Commission of Nigeria(NAICOM) and the National Pension Commission (PENCOM).

G. TO THE NATION
39. Council will constructively engage the three arms of government (that is, the Executive, Legislature and the Judiciary) at the Federal level while the District Societies will engage their equivalents at the State and Local government levels. On a quarterly basis the Council will review and demand from District Societies the extent of engagements with all tiers of government from their locations.
40. The Council will engage more in aggressive advocacy and thought-leadership to proactively draw public attention to unintended consequences of bills, draft executive orders and regulations that will negatively impact value creation by economic entities and the citizenry.
41. The Institute will assist the Public Accounts Committee (PAC) of the National Assembly and the various Houses of Assembly to build capacity such that they can continue to deliver on their statutory mandate.

Compiled by:
Olufemi Olagunju FC

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See two of examiner’s reports on the students’ performances below:

“The candidates’ performance was not encouraging as only about 30% of the candidates scored 50% and above.” ICAN, Case Study Paper, May 2015 Diet.

“Candidates’ performance was very poor as only about 5% of the candidates scored 50% or above.” ICAN, Case Study Paper, May 2016 Diet.

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2. Common Students' Pitfalls on the Paper
3. Full Financial/Performance Analyses of the Case(required calculations) for study purpose
4. Full but concise Financial/Performance Analyses of the Case(required calculations) for exam purpose
5. Suggested Unseen Information
6. Full report based on Pre-Seen and Suggested Unseen Information for study purpose
7. Full but concise report based on Pre-Seen and Suggested Unseen Information for exam purpose/practice

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" The result from my first attempt of ICAN case study exam in May 2018 diet was like a bomb to me. Alas, I had an embarassing score of 29 in the paper! In the following diet, I decided to attend another tutorial center. The case study lecturer in the person of Mr. Femi made the case study course as simple as possible. I thank God and am still thanking God that I attended the center that year. I had a whooping score of 62% in the case study paper in Nov 2018 diet and qualified as ACA in the same diet. God bless Mr. Olufemi and his team" - Julius Abiodun Ebenezer Student, Dept of Accounting, Uniben.

" Case Study Paper of ICAN is a course I least expected to fail in my first attempt of professional level of the Institute exams in May 2019. I wrote full report supported with four appendices and a model. Yet, I woefully failed the course with 20% as the score when the result came out. I was so ashamed of myself. I dare not belittling the course again. I went back to class and started writing reports on past questions and submitting same to my case study lecturer, Mr. Femi. I knew I was disturbing him with my reports but he was always ready to appraise my work. I had a joker in November 2019 Diet Pre-Seen Information Report prepared by Mr. Femi. The material was straight to the point. I studied it like a bible. I do wonder how he always technically put those reports together. “Abinibi y’ato si ability” (I think his report writing skill is innate). My shame is over, I scored 72% in case study paper of November 2019 diet exams. Come Wednesday, May 20, 2020, I’ll be inducted (Online) into the membership of the prestigious Institute. All thanks to God Almighty, Mr Femi Olagunju and his team for making my success story." - Funmilola Adeyeye, Osogbo.

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casestudy

Are you struggling to write a success-bound report on CASE STUDY PAPER OF THE INSTITUTE OF CHARTERED ACCOUNTANTS OF NIGERIA (ICAN)?

Worry no more, we can be of help!

Since the re-introduction of Case Study paper at the professional level of the Institute students’ examinations in November diet year 2014 and subsequent review of syllabus (which became operational in November diet year), the average failure rate on the paper among students is as high as 80%. We do not mean to scare you, it is a reality!

See two of examiner’s reports on the students’ performances below:

“The candidates’ performance was not encouraging as only about 30% of the candidates scored 50% and above.” ICAN, Case Study Paper, May 2015 Diet.

“Candidates’ performance was very poor as only about 5% of the candidates scored 50% or above.” ICAN, Case Study Paper, May 2016 Diet.

Based on the released Pre-Seen Information from the Institute of Chartered Accountants of Nigeria(ICAN) and our Suggested Unseen Information, we have professionally prepared a Guide on how to tackle ICAN March 2020 Case Study Paper. You can have the Guide for just a token. You won’t write the paper anymore after March 2020 Diet Exam! The guide contains:
1. Tips on How to Pass Case Study Paper
2. Common Students' Pitfalls on the Paper
3. Full Financial/Performance Analyses of the Case(required calculations) for study purpose
4. Full but concise Financial/Performance Analyses of the Case(required calculations) for exam purpose
5. Suggested Unseen Information
6. Full report based on Pre-Seen and Suggested Unseen Information for study purpose
7. Full but concise report based on Pre-Seen and Suggested Unseen Information for exam purpose/practice

We are sure of your success. Our testimonials speak for us!

" The result from my first attempt of ICAN case study exam in May 2018 diet was like a bomb to me. Alas, I had an embarassing score of 29 in the paper! In the following diet, I decided to attend another tutorial center. The case study lecturer in the person of Mr. Femi made the case study course as simple as possible. I thank God and am still thanking God that I attended the center that year. I had a whooping score of 62% in the case study paper in Nov 2018 diet and qualified as ACA in the same diet. God bless Mr. Olufemi and his team" - Julius Abiodun Ebenezer Student, Dept of Accounting, Uniben.

" Case Study Paper of ICAN is a course I least expected to fail in my first attempt of professional level of the Institute exams in May 2019. I wrote full report supported with four appendices and a model. Yet, I woefully failed the course with 20% as the score when the result came out. I was so ashamed of myself. I dare not belittling the course again. I went back to class and started writing reports on past questions and submitting same to my case study lecturer, Mr. Femi. I knew I was disturbing him with my reports but he was always ready to appraise my work. I had a joker in November 2019 Diet Pre-Seen Information Report prepared by Mr. Femi. The material was straight to the point. I studied it like a bible. I do wonder how he always technically put those reports together. “Abinibi y’ato si ability” (I think his report writing skill is innate). My shame is over, I scored 72% in case study paper of November 2019 diet exams. Come Wednesday, May 20, 2020, I’ll be inducted (Online) into the membership of the prestigious Institute. All thanks to God Almighty, Mr Femi Olagunju and his team for making my success story." - Funmilola Adeyeye, Osogbo.

What are you waiting for? You can have the Guide for just a token of N2,500. You won’t write the paper anymore after March 2020 Diet Exam!

Kindly visit www.fpstutors.com/casestudy to have more information

ICAN 65th Induction Ceremony successfully conducted virtually today