ICAN Exemption fee and registration process 2024

We explained the steps you can follow in registering for ICAN exemption in 2024. You can do this either by PayDirect or via their online payment platform. If you follow through, you will understand this process. To begin, let's explain a few things you should know before applying for an exemption. 

What you should know before applying for ICAN exemption

First of all, you must have registered as a student before you can apply for an exemption from the Institute. You can learn more about registration over here. 

After a successful registration, a registration number will be issued to you. Next, is the qualification for exemption. Not everyone registered as a student of the Institute of Chartered Accountants of Nigeria can apply for this privilege. 

Therefore, you should find out if you qualify for an exemption. A Bachelor of Science degree in accounting will be qualified for exemption of up to five papers. That is papers in foundation and auditing and assurance in skill levels. This implies that the B.Sc accounting graduate will not write exams for the aforementioned papers. Another thing you should know is the exemption fee. That is a sum of 80,100 Naira excluding bank charges. You can use this link to know the right amount you should pay for the exemption. Next, as a B.Sc holder in accounting you should also get your reference (who will sign as a guarantor), school certificate, and your NYSC discharge letter ready.

Steps to complete the ICAN exam Exemption process

Step one: 

Decide the payment method to use. Either the PayDirect or through webpay. 

Step two: 

If you decide to use the PayDirect method. Then you should visit a commercial bank to pay the exemption fee. Then use the receipt to access the online form through this link.

If webpay is used. Then, first, make a payment with your ATM card through https://www.quickteller.com/ican. After this, visit https://icanportal.org/professional/paymasters/QuicktellerIndex to generate a PIN and Serial number.

Step three: 

This is for those that use the webpay option. Now proceed to https://icanportal.org/professional/paymasters and click on students’ professional exemption. Follow the process to complete the exemption.

Step four: 

Fill the form and print out the information

Step five: 

Append signatures on the printout with your referee (who must be a chartered accountant and not owe any annual subscription).

Step Six: 

The signed printout should be attached with the following document in a single PDF file:

• Original copy of the PayDirect receipt (if you use the PayDirect option)
• Photocopies of your B.SC statement of results or certificate
• Any professional Certificate you want to attach
• NYSC discharge certificate, call-up letter, exclusion letter, or transcript which must be addressed to the Registrar/Chief Executive of the Institute.

Step Seven: 

Upload the PDF file in the required area on the ICAN portal you filed a form in step four.

You are expected to wait for at least 72 hours for your exemption to be processed. If you have any issues, contact [email protected].