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ICAN tasked on inclusiveness in government’s economic policies

By Kehinde Olatunji
25 November 2021   |   3:52 am
The Institute of Chartered Accountant (ICAN) has been urged to engage the government on strategic policy options to improve revenue, reduce wastage of scarce resources and bridge the trust gap.

The Institute of Chartered Accountant (ICAN) has been urged to engage the government on strategic policy options to improve revenue, reduce wastage of scarce resources and bridge the trust gap.
   
An accounting firm, PKF Professional Service (Nigeria) stated this during ICAN’s visit to the firm in Lagos, led by the 57th President, Mrs Comfort Eyitayo.
 
Specifically, Managing partner, PKF, Tajudeen Akande, stated that chartered accountants play an essential role in economic development and nation building and this can only be achieved through their role in commerce and industry as well as in the public sector.
   


He lamented the economic situation of the country, saying it is in a precarious situation and all hands must be on deck to halt the decline and reverse the situation.
 
“The World is changing at a very fast pace. Most of the changes are driven by technology, which has helped to mitigate the impact of Covid-19 pandemic. The accounting profession is dynamic; therefore, our Institute must be proactive in responding to technological and other changes.
 
“Our Continuing Professional Development (CPD) programme must continually identify skills gaps and offer requisite training to members. Be rest assured that as a leading firm, PKF is prepared to partner with the Institute at all times.”
   
He added that there was a need to exemplify transparency, accountability, integrity and self-discipline that the training of accountancy inculcates.

“Given the country’s revenue and general economic situation, the leadership of the Institute must find a way to convince political leaders not to allow the recent, ongoing VAT collection controversy to degenerate further.
 
“While we understand the need to deepen fiscal federalism, we must approach such complicated issues with caution. This is in the interest of ease of doing business and the Taxpayers who must have certainty regarding payment of taxes. 
   

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