ICAN urges accounting technicians to embrace value creation, integrity

President of the Institute of Chartered Accountants of Nigeria (ICAN), Haruna Nma Yahaya

The Institute of Chartered Accountants of Nigeria (ICAN), yesterday, charged the newly inducted 879 accounting technicians to move beyond the core roles of accountants to value addition and adherence to integrity in service delivery.

ICAN President, Queensley Seghosime, gave the charge during the 64th Association of Accounting Technicians West Africa (AATWA) induction in Lagos.

She said that professionals now live in an era in which Artificial Intelligence (AI), automation, data analytics, sustainability reporting and other emerging technologies are reshaping the accountancy profession at an unprecedented pace.

According to her, the future belongs to professionals who are technically competent, digitally enabled, adaptable and forward-looking.

Seghosime urged the technicians to seek mentors whose experience could guide decisions, broaden perspective and whose example could inspire them in leadership.

She said: “At the same time, cultivate the discipline of lifelong learning. The most successful professionals are not those who know everything today, but those who remain curious enough to keep learning throughout their careers. I, therefore, urge you to embrace innovation, continuously develop your skills and position yourselves to lead the transformation of the profession rather than merely respond to it.”

The ICAN President said that technical competence might earn them opportunities, but integrity would sustain the success.

She added: “Let the association’s code of ethics, constitution and by-laws remain your constant guide. They embody the principles that have preserved the integrity of this profession for generations. Always remember that membership of ICAN is both a privilege and a responsibility. Every one of us is entrusted with protecting the reputation we inherited and strengthening it for those who will come after us.”

Keynote Speaker/Chairman and Managing Partner, BBC Professionals, James Obogwu, urged the young professionals to pursue the prestigious chartered accountant designation within the next two years and embrace technology to enhance service and remain relevant.

Also, at a technical session, a past President of the Institute, Dr Rasak Jaiyeola, reminded the professionals that the role of accountants and accounting technicians is no longer limited to recording transactions, preparing schedules, reconciling accounts or producing financial statements, adding that while the functions remain important, the world now expects much more from them.

Jaiyeola, while speaking on the title: “Beyond Numbers: Using Financial Insights to Drive Business Growth,” said the real value of financial information lies in the insight it provides, the decisions it supports, the risks it reveals and the opportunities it helps organisations to identify.

He said that what truly defines a professional is attitude, competence, ethical conduct, continuous learning and the ability to add value wherever one is found.

In a presentation, the Partner, Abiahu Mary-Fidelis & Co. Chartered Accountants, Dr Mary-Fidelis Abiahu, advised the inductees to go beyond being data providers but a strategic partner in helping organisations towards becoming agile and resilient.

He said that accounting technicians must embrace financial integrity and offer insights into everything done towards taking executive decisions.

The forum also attracted presentations of subject prizes to winners in ATSWA examination.

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