ICAN inducts new members, seeks compliance with ethics

The Institute of Chartered Accountants of Nigeria (ICAN) has urged members to comply strictly with ethical standards.

A former President of the institute, Dr. Catherine Okpareke, made the appeal at the induction of 1, 519 new members, the largest so far in the history of the institute.

The induction, which was held at the ICAN Centre, Lagos was witnessed by doyens of the accountancy profession in the country.

She urged them to remain focused and solemnly ponder on the important question that lies ahead after successfully completing a rigorous academic task.

Okpareke said the current unemployment challenges facing graduates has made it imperative for them to create wealth and make meaningful contributions to their families and the society at large.

She also encouraged them to surmount the major challenges facing successful enterprise in Nigeria today, through the experience gained from the institute, which would equip them to perform effectively in the accounting profession.

The President of the institute, Ismaila Zakari, who traced the modest beginning of ICAN to its earliest beginning in 1965, said the Institute had been in the business of training and producing committed chartered accountants who are highly talented and ethically committed to professionalism.

He said they are in every sphere of the Nigerian economy, adding values and using their unrivalled knowledge and skills to support businesses and public sector organisations to achieve their financial and strategic goals.

While charging the new inductees to ensure strict compliance with ICAN’s rules of standard, he disclosed that the membership of the professional body has risen to 43, 293 members.

Also, the Vice President Razak Jaiyeola, stressed the importance of entrepreneurship and growing their own businesses.

He urged them to be dogged in their determination to succeed and never give up on their ambitions.