ACCA, CITN Strengthen Partnership

Following previously signed MoU between the Association of Chartered Certified Accountants (ACCA) and the Chartered Institute of Taxation of Nigeria (CITN), the parties held a follow-up meeting recently.

The meeting was led by the chief executive of ACCA and thePresident, CITN, Dr. Ede Ikemefuna. According to a statement, Ikemefuna expressed delight with the development of the relationship following the MoU signing and the unveiling of the partnership last November.

The scope of relationship between both parties will cater for all members of CITN through the Continuous Professional Training Programmes (CPTP) and exemptions through accreditation of CITN programme.

The partnership provides support for the development of the local tax variant and helping CITN members including non-accountants to acquire qualification through various pathways and support the capacity building for its members.

In her opening remarks, Brand said: “ACCA has established alliances with other professional bodies around the world and it is willing to contribute to the development of coherent tax systems by collaborating with government and agencies to put tax cooperation ahead of tax competition in Nigeria. This partnership is considerate of the diversity of the institute”

Potential areas for collaboration include policy and research as well as ACCA/IFAC research, which highlights importance of cross-border collaborations.

The Partner & Head of Tax, PwC and ACCA Council member, Taiwo Oyedele, who was also present at the meeting expressed his pleasure at the progress made and hoped the benefits can be fast racked across sub-Saharan Africa for ACCA.