₦airaland Forum

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

We don hear!

I am a web designer...check my signature

Our reps are thinking

OPERATION YOU MUST NOT BE SINGLE BY THIS EASTER. LET'S HELP YOU TO CONNECT WITH YOUR TRUE LOVE NOW!

Love is something different. Love is sweet, infact, true Love is the sweetest thing ever and even God almighty himself is Love!

Two Things You Don't Fight For; True Love and A True Friend
Love and Friendship are the touchstones of our lives, they define who we are and so when you truly love someone, to hell with butterfly in the tummy, you feel the whole zoo when you are with that person!

Until you meet someone you are scared to cheat on, you have no idea what being "IN LOVE" means!

YOU READY TO MAKE THIS APRIL MONTH OF TRUE LOVE?

Ready to meet that special one that makes you feel the ‘whole zoo’ in your tummy?

Just sign up o the website you with you details, message the Admin on Telegram or whatsapp and once your details are verified, connecting starts immediately

NOTE THIS: If you are not ready for serious relationship, if you are looking for 2nd wife, if you are looking for sugar mummy, sugar daddy or sugar baby, if you are a married man or woman looking for 'sarawagba' (we have chased out and embarrassed over 30 married men from the platform so far) and if you are not ready to register to verify your details. PLEASE DONT BOTHER JOINING BECAUSE WE DONT WANT OR ACCEPT ANYONE OR ANYTHING THAT WOULD PHYSICALLY OR EMOTIONALLY AFFECT THE WELL BEING OF OUR DEAR MEMBERS!

ALSO NOTE that the couple that met and got married on our platform last year are waxing strong in their marriage and so, we want so many marriages and serious relationship consummated this very year!

Signup, registration and membership absolutely free

WHAT ARE YOU WAITING FOR? START YOUR TRUE LOVE CONNECTION NOW. DETAILS ON BANNERS!

A kpmg usa partner i once met said all audits in Nigeria should be forensic by default. As an ex auditor if i tell u the kind things i saw. You go weak. Audit in nigeria is a huge scam

we need more of It and techs

rank your business fast on Google
come now

Them dey think well

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.

Another avenue for more corrupt practices.

The reps this time around did well by rejecting the bill. The promoters are just looking for relevance.

Auditing, forensic or not and taxation are all under accounting practice.

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.

Everything in Nigeria is double. From suffering to government institutions. The little funds we get we waste in non performing agencies

I say, it's good riddance to bad rubbish, all these institutes coming up will never end if our lawmakers continue to accede to their requests. It's the least of what we need now as a nation....ICANl, ANAN etc are more than capable to handle forensics by their training

Good news....

BIXYBABE:
Ask 4 d type of phone he's using, if it is button phone like mine its can't download

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

This world is big enough to accommodate any professional organisation seeking registration. Click on the first link on my signature to know how to export products to foreign countries and make a huge amount of money as profit.

ghfgg

michlins:
Everything in Nigeria is double. From suffering to government institutions. The little funds we get we waste in non performing agencies

Ignorance at its peak. Who said this is an agency of government. If you don't know what to say better be shut.
Wait for Tonto thread where you can comment.

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.

Why do we need many bodies doing the same role .... Now, ANAN has made ICAN cheaper .... gone are the days when you are a chartered Accountant, Employment is sure and everybody will respect you but today see Chartered accountant everywhere ..... ThankGod accounting is a necessity in most businesses thus more jobs!!

If you want to be a Forensic Accountant , ICAN can train you , See CITN vs ICAN too .....

Anyway sha, CIFIAN is a goal ooo, na who fit bribe pass between them and ICAN .... if CIFIAN win and become marketable. .. Hala CIFIAN ... Because they will represent that bill in the 9th Assembly but ICAN also await them !!

wellmax:
Ignorance at its peak. Who said this is an agency of government. If you don't know what to say better be shut.
Wait for Tonto thread where you can comment.

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

Cifian in sifia pains.

Nigerian parliamentarians are all myopic , bribe takers and non progressive dullards.They rejected the bill for establishment of chartered institute of management accounting(CIMA) citing the same reason that roles will conflict with that of ICAN and ANAN but the same ICAN recognises CIMA from England.