U.S, Nigeria institutes to strengthen corporate governance
American Institute of CPAs (AICPA) and Nigerian Capital Market Institute (NCMI), educational and training arm of Securities and Exchange Commission (SEC), have collaborated to provide Capital Market Operators (CMOs) in
American Institute of CPAs (AICPA) and Nigerian Capital Market Institute (NCMI), educational and training arm of Securities and Exchange Commission (SEC), have collaborated to provide Capital Market Operators (CMOs) in Nigeria.
The move will provide access to the Internal Control and Enterprise Risk Management Certificate programmes from Committee of Sponsoring Organisations of the Treadway Commission (COSO).
COSO is a joint initiative of five leading accounting and finance bodies, including AICPA, dedicated to advancing thought leadership in Enterprise Risk Management (ERM), Internal Control, and Fraud Deterrence.
The COSO Internal Control Certificate Programme offers finance professionals opportunity to develop expertise in designing, implementing and monitoring a system of internal control in technology. The COSO Enterprise Risk Management Certificate Programme allows finance professionals to learn the concepts and principles of the updated ERM framework and integrate it into their organisation’s strategy-setting process to drive business performance.
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With access to COSO programmes, businesses here can strengthen their governance frameworks by developing and maintaining effective internal controls and managing errors, fraud, and mismanagement. This protects assets and promotes business continuity and resilience.
“We are pleased to partner Nigerian Capital Market Institute to provide access to COSO programmes. This is a big step towards strengthening corporate governance and risk management,” Ijeoma Anadozie, Country director, Nigeria, at Association of International Certified Professional Accountants, said: “By leveraging these resources, companies here will be better equipped to tighten internal controls, enhance accuracy and transparency of financial reporting, and foster greater investor confidence. This is vital for business resilience and profitability, as well as the 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 programmes 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.”
According to Kamali, “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.”
