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JAMB Principles of Accounts 2003 Question 2

Question 2

Introduction to Accounting

The two legally recognized professional accounting bodies in Nigeria are the

  1. A.Institute of Certified Public Accountants of Nigeria and the Institute of Cost and Management Accountants of Nigeria
  2. B.Association of Accountants of Nigeria and the Institute of Management Accountants of Nigeria
  3. C.Institute of Chartered Accountants of Nigeria and the Association of National Accountants of Nigeria
  4. D.Nigerian Accounting Association and the Executive Cost and Management Accountants of Nigeria.
Show the answer and explanation

Answer: C (Institute of Chartered Accountants of Nigeria and the Association of National Accountants of Nigeria)

Explanation

ICAN and ANAN are the two accounting bodies set up by Acts of Parliament in Nigeria.