The Institute’s main objectives are to provide (under clause 3.1 of its Constitution) an organization for accountants and to support and advance the status and interest and protect the character of the accountancy profession, and to provide (under clause 3.2 of its Constitution) means by examinations or otherwise for assessing the knowledge, experience and character of candidates for admission to membership of the Institute as its main objectives.
ICIA aims to be an eminent and respectable Accountancy body in the country by 2020.
ICIA shall represent, promote, advance and protect the interests of all commercial and industrial accountants through the pursuit of excellence and integrity in all spheres of activity undertaken by the institute and to create value for its members by:
- Establishing a forum for discussion and representation on all issues affecting the members.
- Enhancing the skills and knowledge of members through CPE and provision of an alternative and flexible avenue for advancement.
- Enhancing the profile and recognition of its members in all disciplines of accounting, finance, taxation and corporate administration.
- Creating a qualification that is valued and recognized.
- The Institute focuses on the development and training of finance and accounting professional who are not involved in external auditing and public accounting and those who are accounting and finance staff of SMEs. Associate members who pass the ICIA program will receive certification and elevation to CICA (Certified Industrial & Commercial Accountant) status which will increase their employability.
- CICA members are accounting and financial professionals who have undergone training on managerial finance, auditing, company law, taxation, financial accounting & reporting and corporate governance & professional ethics and who have thus developed holistic business and financial skills to evaluate potential investment decisions, manage the organisations’ operations effectively and take the lead in driving business success.