Onyemadonald:
The House of Representatives of Nigeria on Tuesday rejected the Bill for an Act to establish the Chartered Institute of Forensic and Investigative Auditors of Nigeria (CIFIAN) for effective regulation, cerification and registration of members.

The audit bill which was sponsored by Hon. Uzoma Nkem-Abonta (PDP-Abia) and two other lawmakers also determines the knowledge, cerification and skills that a practitioner is required to attain in order to qualify to practice as a Forensic and Investigative Auditor.
The bill, which passed first reading in the year 2018 at the senate, was rejected by the House for the conflicting role of the Chartered Institute of Forensic and Investigative Auditors of Nigeria with similar professional body such as the Institute of Chartered Accountants of Nigeria (ICAN) and the Association of National Accountants of Nigeria (ANAN).

The Deputy Speaker, Mr. Lasun Yussuff, while contributing to the bill stated that since the word ‘audit’ was being contested, it could, for clarity purposes, be coined to read ‘forensic investigators’ or ‘experts’.

Hon. Yussuff went further to explain that the Bill could look like an exclusive accounting bill, but with his advice, it would be more encompassing for other fields. Nkem-Abonta said that the word ‘audit,’ was encompassing and could be used as investigation and the bill should not be rejected just because accountants don’t like it. He also noted that the bill, as it was, was not an exclusively accounting one, but all encompassing.

A reps Member, Hon. Simon Arabo (PDP-Kaduna), while contributing stated that if the word ‘auditor’ was the only contention, it could be expunged to accommodate the content. Hon. Kayode Oladele (APC-Ogun), said that since it had been discovered by the three-man committee set up by the Speaker that other countries had the proposed body, the Bill needed to be passed. Rep. Oladimeji Ayodele (PDP-Ekiti), said that if the proposed Bill was for the establishment of an association, it would be okay; but the fact that the proposed institute seeks to be chartered, then it was contradictory to laid down law.

Rep. Shehu Garba (APC-Kaduna), said that auditing was one responsibility strictly reserved for accountants and passing the proposed bill as it was would be creating confusion of agency roles in the minds of Nigerians. Also, Hon. Babangida Ibrahim (APC-Katsina), on his part, said that an auditor was a professional.

“So, the word ‘audit’ should be expunged. The way it is being applied in the proposed bill or the bill should not be passed. ”Nkem Abonta, in exercising his right of reply, said that the term ‘audit’ in the bill was just to investigate and did not seek to take anything away from the accounting profession.

The lawmakers unanimously declined passing the bill through second reading when it was put to a voice vote by the speaker, Hon. Yakubu Dogara

SOURCE: https://www.trendingaccounting.com/2019/04/reps-reject-forensic-audit-bill-say.html

For the first time in their life, they did something, right - they still have to prune all the agencies of govt down - 1400 MDA's is a waste on our small resources that is not to talk about ministries O! Abeg wetin special duties dey do?

wamiikechukwu:
Most of our proposed bills which are now law Somewhat conflict each other


Meanwhile

Do you need an android app for your business or website, then contact me I will build one for you at an afford price.

True - Very many duplicity in Laws in nigeria and sincerely it makes it difficult for Lawyers and other professionals to properly advise their clients; particularly on Tax and Real Estate.

Many startup companies don’t even know which taxes to pay. It’s such a mess.

The best bet is to just Consolidate all these conflicting laws into a single one. Buh No - some people just want to keep running their own different thing.

michlins:
I never said this is a government agency. But what's the need for this particular organ and certification. Isn't it an avenue for some few people to force certification on others and milk them annually for renewals. Dude it's too early to be stupid anyway

Simply correct yourself instead of spewing trash.
Tell me if there is an agency that is private. Yeye somebody

ainas247:
we need more of It and techs

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come now

more of what...

did you read the write-up..

mainman7:
I use button phone too, please how can I download the memes on the thread: https://www.nairaland.com/5120840/saved-save-others-preach-anything

i was unable 2 download d meme wit button phone, i do use android 2 download it

Onyemadonald:
ICAN is behind this, they just want monopoly of power in the accounting Profession. I remembered how Pa Akintola Williams and MKO Abiola fought the establishment of ANAN.

... and how relevant is the ANAN today? A certificate without value, except in Nigerian local government settings in the North. How many corporate entities do you see advertising accounting jobs with ANAN included as certification requirement? Even ICAN - ACA is fast losing relevance. Check out jobs adverts ... either CFA/CPA/CMA/CGMA/ACMA/ACCA are being sought after, not one useless ANAN.

Na wa oo

@@@

iswallker:


more of what...

did you read the write-up..

More of IT (Information Technology)

Great decision. CIFIAN is an irrelevant body that should be killed immediately.