AICPA collaborates with the Nigerian Capital Market Institute to strengthen governance and risk management in Nigeria

The American Institute of CPAs (AICPA) and the Nigerian Capital Market Institute (NCMI), the educational and training arm of the Nigerian Securities and Exchange Commission (SEC), have collaborated to provide the Capital Market Operators (CMOs) in Nigeria with access to the Internal Control and Enterprise Risk Management Certificate programs from the Committee of Sponsoring Organizations of the Treadway Commission (COSO).

COSO is a joint initiative of five leading accounting and finance bodies, including the AICPA. It is dedicated to advancing thought leadership in Enterprise Risk Management (ERM), Internal Control, and Fraud Deterrence.

The COSO Internal Control Certificate Program offers finance professionals a unique opportunity to develop expertise in designing, implementing and monitoring a system of internal control in today's technology driven world. The COSO Enterprise Risk Management Certificate Program offers finance professionals the unique opportunity to learn the concepts and principles of the updated ERM framework and be prepared to integrate it into their organisation's strategy-setting process to drive business performance.

With access to COSO programs, businesses in Nigeria can strengthen their governance frameworks by developing and maintaining effective internal controls and managing risks such as errors, fraud, and mismanagement. This not only protects organisational assets but also promotes business continuity and resilience.

Ijeoma Anadozie, Associate Director - Nigeria at the Association of International Certified Professional Accountants, the global alliance formed by AICPA and CIMA, said:

"We are pleased to collaborate with the Nigerian Capital Market Institute to provide access to the COSO programs for businesses operating in Nigeria. This collaboration marks a significant step toward strengthening corporate governance and risk management across the country.

"By leveraging these resources, companies in Nigeria will be better equipped to tighten internal controls, enhance the accuracy and transparency of financial reporting, and foster greater investor confidence. These improvements are not only vital for business resilience and profitability, but they also contribute meaningfully to the broader economic development and financial stability of our country."

Mr Tunde Kamali, Managing Director at the Nigerian Capital Market Institute, commented:

"The Nigerian Capital Market Institute is proud to collaborate with the American Institute of CPAs in expanding access to globally recognised COSO programs for businesses across Nigeria. This initiative reflects our commitment to equipping market participants with the tools needed to navigate an increasingly complex and risky landscape.

"By deepening knowledge in internal control, and enterprise risk management, we are empowering businesses to operate with greater integrity, accountability, and strategic foresight. This collaboration not only supports the advancement of our capital market ecosystem, but also reinforces Nigeria's long-term vision for sustainable economic growth and global competitiveness."