ICAN President charges members on professional conduct
The President of Institute of Chartered Accountants of Nigeria (ICAN), Otunba Samuel Deru has stressed the need for members to imbibe the culture of excellence and integrity in the discharge of their professional duties.
Speaking during the conferment of fellowship status of 969 members in Lagos , Deru noted that the imperativeness of members displaying professional excellence couldn’t be over emphasized.
He said: “I charge you to continue to fly the professionals flag of honesty, integrity and excellence with distinction in your respective spheres of influence. Except chartered accountants continue to demonstrate these great ideals through exemplary conduct, we cannot legitimately claim to be conscience of the nation.
‘The world has become a global village. At a time like this, when globalization of business and finance has inevitably called for high quality global accounting standard, The use of the common accounting and financial reporting language will facilitate investment and other economic activity across boarders.
“I therefore, wish to remind you to continually update your skills in the adoption and application of International Financial Reporting Standard (IFRS) which has become imperative in our financial reporting system both in the public and private sector of the economy. The nation is looking on to us as chartered accountants to bring our expertise to bear in this process”.
He also said the conferment of the fellowship symbolizes that recipient: has acquired and continue to demonstrate professional knowledge, skills and excellence of the discharge of his or her duty; consistently demonstrated compliance to global practice in service delivery and value creation; continued exhibit an unwavering commitment to ethical values of accountability, transparency, honesty, integrity as emphasized by the profession and institute; make outstanding contribution to the development and growth of the accountancy profession; and become admirable role model.
Conclusively, he said “I urge you to see your new and enviable status as a clarion call to greater service to your institute, profession and the nation at large particularly in the provision of strategic leadership and training on the use and adoption of the IFRS.
On his part, special guest of honor and former minister of health Prince Julius Adelusi Adeluyi stated that Nigeria can change for the better if professionals like accountants are willing to make the change.
He also urged the members to remember the needy in the society. He further said there are important “c’s” in life, which are “Chances choices and consequence”.
According to him, people should maximize their chances and make good choices from their chances. After which they should be able to face the consequences of the choices they make. It is the duty of professionals to look at consequences that are not palatable in the society to rearrange them so that better choices would be made in the future.