Audit Committee Institute is established as a non-profit, non-governmental entity dedicated to research, education and advocacy for audit committee relevance and effectiveness, and to promote responsible financial reporting. In this respect, it is important that the Institute maintain independence and neutrality. By maintaining superior intellectual authority on financial aspects of corporate governance, ACI will be helping audit committee members and other stakeholders in the financial reporting value chain to develop independent critical thinking on vital issues affecting the integrity of financial statements and shareholder value assurance.

Associate Membership is available to interested persons on conditions prescribed by the Board of ACI. ACI does not require certification examination for membership. In order to remain totally independent, ACI does not solicit for funding from any source, except from non-governmental, non-commercial development agencies. All ACI activities are funded through membership subscriptions and income generated from its research, development and educational activities.

The Governing Board of ACI makes the rules of the Institute, subject to the provisions of the object clauses of the Institute. Membership of the Institute consists of (1) members who subscribed to the Memorandum and Articles of Associate of the Institute, limited by law to just a few, and (2) Associate and Fellow members who join the Institute for professional benefits. Decisions required by statute are made accordingly by members in (1) above while other decisions are made by the members in general, namely (1) and (2).

The Audit Committee Institute, by its mandate, is not an examination body.

Overall, the overriding mission of the Audit Committee Institute is to contribute to the strength of the financial reporting regime by creating awareness in a manner that empowers audit committees and other participants in the capital market.

Website: www.acinigeria.org, Email: info@acinigeria.org