An accreditation team from the Institute of Chartered Accountants of Nigeria (ICAN) recently paid a visit to the Federal University of Agriculture, Abeokuta (FUNAAB) to accredit the accounting programme in its College of Management Sciences (COLMAS). According to the team leader, Prof. Ishola Akintoye, the main purpose of the visit was to assess the existing teaching aid and the environment being used for the teaching of accounting students with a view to granting ICAN accreditation to the Department of Accounting.
He added that students from accredited institutions derive many benefits from the institute such as exemption from some stages of the professional examinations while registering, getting scholarships as first class students and being the best-graduating students with prize-money of N150,000, sponsorship for Ph.D programme and benefiting from the setting up of a research centre. Prof. Akintoye advised that an Accounting Technical Scheme Tutorial Centre should be established in the University to enhance the performance and acceptability of FUNAAB accounting graduates in the labour market. Speaking earlier, the Vice- Chancellor of UNAAB, Prof. Olusola Oyewole, represented by the Deputy Vice-Chancellor (Development), Prof. O ade Enikuomehin, appreciated the contributions of ICAN to the University.
He added that FUNAAB was always ready to collaborate with the institute to have a world- class Department of Accounting, by providing the needed enabling and conducive environment.