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ICAN Team Visits Accounting Department on MCATI Compliance

A resource reaccreditation team from the Institute of Chartered Accountants of Nigeria (ICAN) says its visit to the Department of Accounting, Covenant University, ensures that the University complies with the institute’s Mutual Cooperation Agreement with Tertiary Institution (MCATI).

The team’s chairperson, Chief (Mrs) Hilda Ozoh, said the visit was about monitoring compliance to curriculum and accounting best practices globally. She noted that the institute had rated Covenant University’s Accounting programme top in quality, taking into cognizance the quality that the University had brought to bear in teaching and certification of accounting professionals in the country.

Mrs Ozoh, who led a 5-man team on the exercise, said the ICAN-MCATI panel routinely embarked on monitoring assignments to institutions that were signatories to the MCATI initiative of the institute.

In his remarks, the Vice-Chancellor, Professor Abiodun H. Adebayo, reiterated the importance of a regulatory body like ICAN in driving professionalism in the accounting profession.

Professor Adebayo affirmed the resoluteness of Covenant University in maintaining quality and academic standards in all of her programmes, with the ultimate aim of delivering on the mandate to raise a new generation of leaders. “We are never going to compromise the quality and standards that meet with global best practices, and we desire to keep producing graduates that will emerge as solution-providers to the plethora of problems bedevilling the black race,” he posited.

The MCATI initiative was set up in 2014/2015 to deepen cooperation with tertiary institutions to improve the quality of accounting education in these institutions in Nigeria. Their products feed into the institute’s professional examination same time benchmarking international best practices.


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