A 2018 Accounting graduate of Elizade University, Ilara-Mokin, Ondo State, Miss Emem Edet Umana has qualified as Chartered Accountant. Miss Umana who graduated with First Class, started her Institute of Chartered Accountants of Nigeria (ICAN) programme after her graduation under the professional body’s Mutual Cooperative Agreement with Tertiary Institutions (MCATI) which exempted Accounting graduates of the University from the eleven subjects in the first two stages (Foundation and Skills Levels) of the Institute’s three stages professional examinations.
It would be recalled that the Institute of Chartered Accountants of Nigeria, under its Mutual Cooperative Agreement with Tertiary Institutions (MCATI) gave full accreditation to the Accounting programme of the University in 2017 after a successful resource verification exercise carried out on the programme, which made the institution to become the second University in Nigeria to be given full accreditation by ICAN under its MCAT arrangement.
Under the agreement, Accounting graduates of the University would join the professional examinations at the professional and final stage where they would be required to write only five papers out of the 16 papers that are required to pass for qualification as Chartered Accountant.
In the same vein, the Institute of Chartered Accountants of Nigeria has commended the quality of the Accounting curriculum put together by the University. The accounting professional body also lauded the method of teaching adopted by the University.
Speaking during the ICAN MCATI monitoring exercise recently carried out on the Accounting programme of the University, the leader of the team, Chief Oye Akinsulire expressed satisfaction with the marking guides, the grading system as well as the standard of examination questions in the University, stating that the questions were set to prepare the students ahead of their ICAN programme.
He urged the University Management to keep up the standard, noting that finance sector would be imparted positively with the production of quality accounting graduates by the University.
In his response, the Vice-Chancellor of the University, Prof. Olukayode Amund expressed gratitude to ICAN for its objective assessment of the institution’s Accounting programme. He added that the University would continue to improve on the high standard it has set in the teaching of Accounting.
Prof. Amund also congratulated Miss Emem Umana for the successful completion of her ICAN programme. He urged the students in the Department of Accounting and Finance to take a cue from her with a view to becoming Chartered Accountants in record time.