The Institute of Chartered Accountants of Nigeria (ICAN), has granted full accreditation to the Bachelor of Science Accounting degree programme being run in the College of Management Sciences, Federal University of Agriculture, Abeokuta (FUNAAB).
The position of ICAN was recently conveyed in a letter addressed to the Vice-Chancellor, Prof. Olusola Oyewole and signed by the Institute’s Deputy Director, Students’ Affairs, Mrs. Folake Olawuyi.
The letter reads: “We are pleased to inform you that the Council of the Institute has approved full accreditation of the B.Sc Accounting programme of your University.
“The accreditation is for the duration of four academic sessions with effect from 2014/2015 academic session to 2017/2018 academic session.
“Please, note that only students that graduated within these academic sessions will enjoy the benefits of exemption as specified in the Institute’s syllabus. The next visitation to your institution would be due in (the) 2018/2019 academic session.
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“To give effect to the decision of Council, the presentation of Accreditation Certificate would be held in April 2017”, ICAN had stated.
Speaking at a meeting held between University Management and ICAN team of officials, the team leader, Professor Ishola Akintoye, expressed his appreciation to FUNAAB for the support accorded members of the accreditation teams to the University.
He enumerated the benefits that would come the way of the University from the existing partnership to include granting of exemption to Accounting students in the ICAN examination and sponsorship of four PhD students from accredited institutions to further their studies.
Akintoye added that First Class students in all fields of studies in the University would be sponsored by ICAN to the tune of N150,000 each, provided FUNAAB introduced such eligible students to the Institute, while the Department of Accounting in the University would be qualified to benefit from ICAN funds allocated for seminars and the hosting of Accounting Week, among others.
The Vice-Chancellor of FUNAAB, who was represented at the event by the Deputy Vice-Chancellor (Development), Prof. Ololade Enikuomehin, appreciated members of the accreditation team for the visit and gave them an assurance that the University would always offer the required support and be open for collaboration with the Institute.
