ICAN, whose membership comprises accountants, auditors, and accounting technicians, was established in 1965 by Act of Parliament No. 15 of September 1, 1965 (the ICAN Act). ICAN is a mandatory membership organization and members of ICAN receive the title of Chartered Accountant or Associate Accounting Technician upon fulfillment of education and certification requirements for either stream. The titles are protected under the ICAN Act. ICAN’s responsibilities in relation to its members are (i) setting initial professional development and continuing professional development requirements for its members; (ii) determining examination and certification requirements for members; (iii) maintaining a membership register; (iv) enforcing rules of professional conduct as well as ethical and technical standards for its members; and (v) carrying out quality assurance reviews for members. The ICAN is a founding member of Association of Accountancy Bodies in West Africa, IFAC, and Pan African Federation of Accountants.