The Impact of Professional Bodies on the Development of Accounting Profession in Africa [A Case Study of Nigeria]

Abstract

This work is on the professional accountancy bodies and their impact on the development of accounting profession in Africa with more concentration in Nigeria. In order to find out the impact of these professional bodies on the development of accountancy in Nigeria, the activities of these professional bodies were examined. These activities includes the professional examinations of each of the professional bodies. The stages it will take someone to be a professional accountant. The mandatory continuing professional education of these bodies. These are organs of some of these professional bodies which contribute immensely in the development of accountancy in Nigeria. some of these bodies include society of women accountants of Nigeria [SWAN], chartered accountants in business [CAB],etc. the activities and contribution of these bodies were also looked into. This work also looked into the problems, prospects and what authors are saying about the impact of these professional accounting bodies in the development of accountancy in Nigeria. In carrying out this research and making the analysis, it was concluded that the professional accounting profession in Nigeria.