Section 2: Establishment and Membership of the Board.

(1) There is established for the Council, a Board (in this Act referred to as "the Board") which shall have overall control of the Council.
(2) The Board shall consist of—
(a) a Chairman who shall be a professional accountant with cognate experience of at least 10 years;
(b) one representative from each of the —
(i) Association of National Accountants of Nigeria,
(ii) Institute of Chartered Accountants of Nigeria,
(iii) Office of the Auditor General for the Federation,
(iv) Chartered Institute of Stockbrokers,
(v) Chartered Institute of Taxation of Nigeria,
(vi) Ministry charged with the responsibility of supervising the activities of the Council,
(vii) Ministry charged with the responsibility for finance,
(viii) Nigerian Accounting Association,
(ix) Nigerian Institution of Estate Surveyors and Valuers,
(x) Institute of Directors of Nigeria, and
(xi) Office of the Accountant General of the Federation; and
(c) the Executive Secretary of the Council.