ICAN charges members to uphold integrity in practice
By Olusegun Obisanya
The Institute of Chartered Accountants of Nigeria, ICAN, has enjoined its teeming professional members to uphold the principle of accuracy and integrity which the organisation has consistently maintained and known for decades while practising their profession in their respective endeavours.
The President and Chairman of Council, ICAN, Dame Joy Adewuyi stated this at the 66th induction ceremony for the newly inducted 1,233 professional members in Lagos recently. The occasion was also used to present prizes to inductees who performed outstandingly in the preceding examinations diet.
Among other things, she said members will be appraised by their ability to bring to fore their technical skills which they have acquired in the process of writing the professional examinations, adding that they would need to enhance their capacity to translate the skills to measurable deliverables.
The ICAN President said, “On our part as a noble Institute, we assure you that we would support your progress with our varied and rich membership benefits. Let me stress it again that you should go all out and become proponents of accuracy and integrity as you have learned from the motto of the Institute. You also need to make the code of ethics of the profession your watchword. We frown at any form of professional misconduct and the Institute has appropriate disciplinary mechanisms to deal with erring members.
“Globally, we are faced with a situation that interestingly creates both threats and opportunities. Threats for organisations and professionals who fail to adjust to emerging developments and opportunities for those who leverage the current experience to redefine the modus operandi. I assure you that this season provides a chance for stars to shine brighter.”
Speaking at the event, the special guest of honour and past president of the Institute, Mr. Chidi Ajaegbu, whose paper was titled “Entrepreneurship”, urged the inductees to, as a matter of solving social problems in the country, embrace opportunities that abound in entrepreneurship.
He explained among other things that the process of becoming an impactful start-up begins with discovering a problem or meeting a need, organising resources to provide solutions commercially, creating wealth from solving problems.
He identified huge regulatory requirements, legal issues, fierce competition, winning trust of customers, security risks, financing and financial management, setting unrealistic targets, hiring suitable candidates as parts of challenges startups face in Nigerian economy in particular.
