ICAN was formally constituted on 20 October 1990 by members of the South African Institute of Chartered Accountants who were residing in Namibia and were members of the South West African Chapter of the Cape Society of Chartered Accountants, originally formed in 1955. Membership of the institute is comprised of Chartered Accountants (CA(Nam). Membership in the institute is mandatory in order to use the Chartered Accountant (CA(Nam)) designation and pursue registration with the Public Accountants’ and Auditors’ Board (PAAB) to offer public attest functions. The objectives and responsibilities of ICAN are to: (i) promote the common interest of persons carrying on the accountancy profession throughout Namibia; (ii) adopt and promulgate accounting standards in the jurisdiction; (iii) implement initial professional development requirements of the PAAB; (iv) conduct all professional examinations; (v) maintain and publish a register of all members (vi) establish continuing professional development and ethical requirements for its members; (vii) establish an investigative and disciplinary system for its members; and (viii) support the PAAB in the implementation of the quality assurance (QA) review system for RAAs. In addition to being a member of IFAC, ICAN is a founding member of the Pan African Federation of Accountants (PAFA).