The President of the Institute of Chartered Accountants of Nigeria (ICAN), Dr. Innocent Okwuosa, has called on newly inducted members to prioritize integrity and professionalism in their careers. Speaking at the institute’s recent induction ceremony in Lagos, Dr. Okwuosa emphasized the critical role accountants play in building trust and driving sustainable economic growth.
The Role of Integrity in Accounting
In his address, Dr. Okwuosa stressed that integrity remains the cornerstone of the accounting profession. “As custodians of financial truth, your actions must reflect the highest standards of honesty and accountability. A breach of trust can undermine confidence in the profession and the broader economy,” he stated.
He further encouraged the inductees to maintain ethical conduct, even in challenging circumstances, as their decisions could have far-reaching consequences for individuals, organizations, and the nation.
Adapting to a Changing Landscape
Dr. Okwuosa highlighted the dynamic nature of the accounting field, driven by technological advancements and evolving regulatory frameworks. He urged the inductees to:
- Embrace Continuous Learning: Stay updated on global best practices and emerging trends such as artificial intelligence, blockchain, and data analytics.
- Leverage Technology: Use modern tools to enhance accuracy and efficiency in financial reporting.
- Adhere to Global Standards: Align their practices with the International Financial Reporting Standards (IFRS) and other relevant guidelines.
A Call to Service
The ICAN president also challenged the new members to contribute meaningfully to national development by advocating transparency and accountability in both the public and private sectors. “You are not just accountants; you are nation-builders. Your role in promoting good governance and fighting corruption cannot be overemphasized,” he remarked.
Inductees’ Perspective
The ceremony saw the induction of over 500 members, each pledging to uphold the institute’s code of ethics and contribute positively to society. One of the inductees, Blessing Adewale, expressed gratitude for the opportunity to join ICAN, stating, “This is a milestone in my career, and I’m committed to upholding the principles of integrity and professionalism.”
Conclusion
As ICAN welcomes its newest members, the president’s charge serves as a reminder of the profession’s pivotal role in fostering economic stability and public trust. The emphasis on integrity and continuous development underscores the institute’s commitment to shaping accountants who can navigate the complexities of a modern financial ecosystem while maintaining the highest ethical standards.
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