Institute of Chartered Accountants of Nigeria


Media Centre


2010-02-15

Breakdown of New Professional Exemption Rate

BREAKDOWN OF NEW EXEMPTION FEES

S/N

EXEMPTION

NEW RATE

N

1

SUBJECT BY SUBJECT AT ALL LEVELS

B.Sc/HND BUS ADMIN, BUS MGT, BANKING & FINANCE, ECONS, INSURANCE,

MBA (ECONS & BUS ENVIRONMENT)

 

 

        15,000

2

ALL SUBJECTS IN FOUNDATION

B.Sc (EDU) ACCOUNTING OPTION

      

       17,000

3

ECONOMICS AND BUSINESS ENVIRONMENT AND FUNDAMENTALS OF FINANCIAL ACCOUNTING IN FOUNDATION

 

(ATS II OLD SYLLABUS HOLDERS)

 

 

       15,000

 

4

 

INTERMEDIATE ONLY

      

       24,000

 

5

 

FURTHER EXEMPTION INTERMEDIATE – BCRM ONLY

      

       17,000

6

B.SC/HND (ACCOUNTING) OBTAINED FROM ACCREDITED INSTITUTIONS:

Ø  ALL FOUNDATION

Ø  ALL INTERMEDIATE

 

 

       41,000

7

ALL SUBJECTS IN FOUNDATION, INTERMEDIATE.

M.SC (ACCOUNTING) OBTAINED FROM RECOGNIZED INSTITUTIONS

IN ADDITION TO B.SC IN ANY OTHER RELATED DISCIPLINE

 

 

 

 

       41.000

8

ALL SUBJECTS IN FOUNDATION, COSTING & QUANTITATIVE TECHNIQUES, TAXATION AND AUDIT & ASSURANCE IN INTERMEDIATE

 

(ATS III HOLDERS)

 

 

 

      41,000

9

ALL SUBJECTS IN FOUNDATION AND INTERMEDIATE EXCEPT TAXATION, AUDIT AND ASSURANCE AND BUSINESS ENVIRONMENT IN FOUNDATION

(ACIB HOLDERS)

 

 

 

      33,000

10

ALL SUBJECTS IN FOUNDATION AND INTERMEDIATE (ANAN)

 

    

      41,000

11

B.Sc/HND (ACCOUNTING) OBTAINED FROM NON-ACCREDITED INSTITUTIONS

      17,000


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