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ICAN Chartered Accountants Awaitting Induction Come In - Career (2) - Nairaland

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ICAN Holds 60th Induction Ceremony / What Does Future Hold For Chartered Accountants? / Enquiries: Chartered Institute Of Personnel Management [CIPM] Membership (2) (3) (4)

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Re: ICAN Chartered Accountants Awaitting Induction Come In by karferguso(m): 12:52pm On Aug 13, 2018
Northeastern:
What are the benefits of induction.
Just another way to rip you guys off.
The guys at ICAN are in it for the money and not professional development.
“However, note that you are not yet a member of the Institute until you go through the induction process.”
Re: ICAN Chartered Accountants Awaitting Induction Come In by Cyndiie(f): 5:47pm On Aug 13, 2018
Re: ICAN Chartered Accountants Awaitting Induction Come In by Northeastern: 6:08pm On Aug 13, 2018
karferguso:

“However, note that you are not yet a member of the Institute until you go through the induction process.”

What benefits does being a member of the institute offer.

The toughest part of becoming a member of ICAN is passing the exam and after passing you are told you are not a member. You know why? They want to collect your money for induction.

I passed since November 2009 and have not and will not participate in any induction. Induction is a ceremony, it does not add any knowledge to you. I write graduate member on my CV and that is it. I once went for and interview at Financial derivatives and one those ICAN worshippers asked why I have not done induction, I told him straight up that industion is a ceremony and does not affect my capabilities and what I can deliver on the job.

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Re: ICAN Chartered Accountants Awaitting Induction Come In by Gentlesoul96(m): 6:54pm On Aug 13, 2018
Cyndiie:
I'm an accounting graduate, currently on nysc programme and also a student member of Ican...
Initially I planned on taking the Nov diet but I had a discussion with my sister sometime last week and she adviced that instead of investing hugely on Ican, it's best I upgrade my business or learn a skill with the money...
Then when I get a job, I can continue processing my Ican...
What's the best decision to make here!?
Any advice will be appreciated...

I will advise you to start the ican now rather than to start when u get a job. Your brain is still fresh now and moreover you have enough time to study for the exam now

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Re: ICAN Chartered Accountants Awaitting Induction Come In by jmanity: 6:58pm On Aug 13, 2018
Northeastern:


What benefits does being a member of the institute offer.

The toughest part of becoming a member of ICAN is passing the exam and after passing you are told you are not a member. You know why? They want to collect your money for induction.

I passed since November 2009 and have not and will not participate in any induction. Induction is a ceremony, it does not add any knowledge to you. I write graduate member on my CV and that is it. I once went for and interview at Financial derivatives and one those ICAN worshippers asked why I have not done induction, I told him straight up that industion is a ceremony and does not affect my capabilities and what I can deliver on the job.

Just say you don't have the money because without induction you can't add the ACA title after your name, you don't have a membership number and you can't certify financial documents...you are still in the same status as a student member.

2 Likes

Re: ICAN Chartered Accountants Awaitting Induction Come In by Northeastern: 7:12pm On Aug 13, 2018
jmanity:


Just say you don't have the money because without induction you can't add the ACA title after your name, you don't have a membership number and you can't certify financial documents...you are still in the same status as a student member.

What does having the ACA title and a membership number add to your abilities.

And on certifying financial documents, Jim Obaze and his cronies passed the FRCN bill for the money. It is part of the fraud in the system in Nigeria. I was in charge of registering the bank I work for in 2012 and once I got to the FRCN, Jim was only interested in the cheque I brought and not the other requirements. And for your Info, I can certify documents because it is not only ICAN holders that can do that. By the FRCN bill, members of other professional bodies that register with can certify documents. My point is, FRCN itself is a fraud. There was absolutely no need for it and I wonder what the big four audit firms were doing to allow Jim Obaze get away with that fraud.

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Re: ICAN Chartered Accountants Awaitting Induction Come In by jmanity: 7:19pm On Aug 13, 2018
Northeastern:


What does having the ACA title and a membership number add to your abilities.

And on certifying financial documents, Jim Obaze and his cronies passed the FRCN bill for the money. It is part of the fraud in the system in Nigeria. I was in charge of registering the bank I work for in 2012 and once I got to the FRCN, Jim was only interested in the cheque I brought and not the other requirements. And for your Info, I can certify documents because it is not only ICAN holders that can do that. By the FRCN bill, members of other professional bodies that register with can certify documents. My point is, FRCN itself is a fraud. There was absolutely no need for it and I wonder what the big four audit firms were doing to allow Jim Obaze get away with that fraud.


Why pay so much to write ICAN exams if you don't want the privileges that come with being a member? You should have gone for other professional exams since you know from the onset that you don't want to pay induction fee.

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Re: ICAN Chartered Accountants Awaitting Induction Come In by Northeastern: 8:58pm On Aug 13, 2018
jmanity:


Why pay so much to write ICAN exams if you don't want the privileges that come with being a member? You should have gone for other professional exams since you know from the onset that you don't want to pay induction fee.

Oga, you're not getting my point.

There is no benefit that comes with an induction, it is all scam.

I only did ICAN because I am a graduate of accounting. And no serious recruiter will turn you back because you have not done induction.

I guess you're just starting out, ICAN is only good for starters to show you're serious. Anything after that is what you can do.

What has ICAN helped you achieve that you wouldn't have achieved ordinarily.

Nigerian professional bodies are all fraud. If you're a candidate in the CFA program for example, you will not be required to pay annual dues like your professional bodies do in Nigeria.

You'll not understand what I'm saying because the system you have now is all that you know. I would argue the same way back in the day.

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Re: ICAN Chartered Accountants Awaitting Induction Come In by adubam: 5:18pm On Aug 14, 2018
Northeastern:


Oga, you're not getting my point.

There is no benefit that comes with an induction, it is all scam.

I only did ICAN because I am a graduate of accounting. And no serious recruiter will turn you back because you have not done induction.

I guess you're just starting out, ICAN is only good for starters to show you're serious. Anything after that is what you can do.

What has ICAN helped you achieve that you wouldn't have achieved ordinarily.

Nigerian professional bodies are all fraud. If you're a candidate in the CFA program for example, you will not be required to pay annual dues like your professional bodies do in Nigeria.

You'll not understand what I'm saying because the system you have now is all that you know. I would argue the same way back in the day.



I understand your points but if you have ever gone through ICAN annual financial reports which are on their website you would see how it has been run. With ICAN, you can be exempted upto ACCA finals. With ICAN partnership with CIMA you would only write a paper to qualify as CGMA. All this partnerships goes with huge amount of money. HND holders will tell you ICAN breaks the barriers in their job progression. CITN induction is more expensive than ICAN even CIFIAN that is yet to be passed into law pays about 280k for induction. The list goes on and on.

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Re: ICAN Chartered Accountants Awaitting Induction Come In by Adortem: 12:04pm On Aug 15, 2018
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Re: ICAN Chartered Accountants Awaitting Induction Come In by Abdul4trust1(m): 8:35pm On Aug 16, 2018
zinizta:


when you qualify your student page get deleted as you are no more a student
so What Is The Way Forward Concerning The Indunction?
Re: ICAN Chartered Accountants Awaitting Induction Come In by Detumi: 2:53am On Aug 18, 2018
Please is it the outstanding subscription on our page that we will pay or are we going to add 4000 again to the outstanding subscription
Re: ICAN Chartered Accountants Awaitting Induction Come In by adubam: 2:32pm On Aug 18, 2018
Don't make any payment until you verify from ICAN office close to you. Because if you under pay; you may not be inducted.
Re: ICAN Chartered Accountants Awaitting Induction Come In by Abdul4trust1(m): 11:27am On Aug 27, 2018
adubam:



I understand your points but if you have ever gone through ICAN annual financial reports which are on their website you would see how it has been run. With ICAN, you can be exempted upto ACCA finals. With ICAN partnership with CIMA you would only write a paper to qualify as CGMA. All this partnerships goes with huge amount of money. HND holders will tell you ICAN breaks the barriers in their job progression. CITN induction is more expensive than ICAN even CIFIAN that is yet to be passed into law pays about 280k for induction. The list goes on and on.

please Is Acommodation And Feeding Free During Induction? Because I Want To Know If The 90k Induction Fee Worth It. Thank You.
Re: ICAN Chartered Accountants Awaitting Induction Come In by Adortem: 9:00pm On Aug 27, 2018
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Re: ICAN Chartered Accountants Awaitting Induction Come In by sweetilicious(f): 3:01am On Aug 30, 2018
Please,can someone link me to any forensic investigation carried out both in Nigeria and overseas that the investigators came up with findings on the fraudulent act?Pls I need help o
Re: ICAN Chartered Accountants Awaitting Induction Come In by afolayangs(m): 4:06pm On Sep 03, 2018
How far?
Re: ICAN Chartered Accountants Awaitting Induction Come In by Abdul4trust1(m): 6:29pm On Sep 03, 2018
afolayangs:
How far?
fine Boss And You? I Paid My Subscription In Arrears Today But I Was Unable To Complete The Online Registration. Lack Of Pin And SNO To Continue The Process But I Have Sent Them A Mail.
Re: ICAN Chartered Accountants Awaitting Induction Come In by afolayangs(m): 6:17am On Sep 04, 2018
Abdul4trust1:
fine Boss And You? I Paid My Subscription In Arrears Today But I Was Unable To Complete The Online Registration. Lack Of Pin And SNO To Continue The Process But I Have Sent Them A Mail.
well done oga. Will do that before end of the week. Someone said they have pos in the abuja office. For the pin my frd that paid for induction generated the pin just same way we do for exam registration
Re: ICAN Chartered Accountants Awaitting Induction Come In by Abdul4trust1(m): 6:32am On Sep 04, 2018
afolayangs:
well done oga. Will do that before end of the week. Someone said they have pos in the abuja office. For the pin my frd that paid for induction generated the pin just same way we do for exam registration
ok, But I'm In Edo. They Should Work On This Issue Because I'm Planning To Pay My Induction Fee By Month End Insha Allah.
Re: ICAN Chartered Accountants Awaitting Induction Come In by afolayangs(m): 8:38am On Sep 04, 2018
wait oo am just seeing this clearly. you don't need any online registration after paying for subscription at your bank. Although the print out says proceeds.... and do something online. you can ignore it.

all the best with your induction registration.

Abdul4trust1:
ok, But I'm In Edo. They Should Work On This Issue Because I'm Planning To Pay My Induction Fee By Month End Insha Allah.
Re: ICAN Chartered Accountants Awaitting Induction Come In by Abdul4trust1(m): 9:06am On Sep 04, 2018
afolayangs:
wait oo am just seeing this clearly. you don't need any online registration after paying for subscription at your bank. Although the print out says proceeds.... and do something online. you can ignore it.

all the best with your induction registration.

ok, Thanks A lot.
Re: ICAN Chartered Accountants Awaitting Induction Come In by Detumi: 6:57am On Sep 07, 2018
Please, I tried to fill my induction form online however there is no space for referees signature.If there is anyone that has completed the online process, kindly assist to confirm if that is how it is meant to be. Please Thanks
Re: ICAN Chartered Accountants Awaitting Induction Come In by Abdul4trust1(m): 7:02am On Sep 07, 2018
Detumi:
Please, I tried to fill my induction form online however there is no space for referees signature.If there is anyone that has completed the online process, kindly assist to confirm if that is how it is meant to be. Please Thanks
afolayangs Your Help Is Needed By Detumi.
Re: ICAN Chartered Accountants Awaitting Induction Come In by Abdul4trust1(m): 7:54am On Sep 07, 2018
oba196:
See attached
attach For What?
Re: ICAN Chartered Accountants Awaitting Induction Come In by afolayangs(m): 9:47am On Sep 07, 2018
Morning people. I did mine yesterday but cant remember if there's space online but on the print out there is space to sign next to there names and membership number. So if you have submitted print a copy
Abdul4trust1:
afolayangs Your Help Is Needed By Detumi.
Re: ICAN Chartered Accountants Awaitting Induction Come In by Detumi: 9:59am On Sep 07, 2018
afolayangs:
Morning people. I did mine yesterday but cant remember if there's space online but on the print out there is space to sign next to there names and membership number. So if you have submitted print a copy

Yes, I saw the space after submission. Thank you
Re: ICAN Chartered Accountants Awaitting Induction Come In by Detumi: 10:00am On Sep 07, 2018
afolayangs:
Morning people. I did mine yesterday but cant remember if there's space online but on the print out there is space to sign next to there names and membership number. So if you have submitted print a copy
Thank you.

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