ICAN targets human capital development of members through IFAC world congress

The need for members to enhance their collective skills and competencies through capacity building has once again being reiterated.

Chidi Ajaegbu 50th President of Institute of Chartered of Accountant of Nigeria (ICAN) made this known in his address at the 2014 World Congress of Accountants pre-congress workshop in Lagos recently stressed that the current public perception of the profession and expectation demand the need for urgent re-engineering.

According to him, “we need to bring to the global domain, the existence of skilled professionals required by Nigeria to produce high quality financial reporting which is at the heart of foreign direct investment flows”.

Ajaegbu disclosed that it is no longer news that the services of professional accountants are witnessing increasing challenges with complex and stringent regulatory requirements, sophisticated clients and business environment especially as players in the largest economy in Africa.

“We need to expand our network of technical relationship through participation in programmes organised by IFAC, the global body that regulates the practice of accountancy in 125 countries of the world”. He said

The president further observed that to achieve the future of our dreams in terms of high quality financial reporting, enhanced service delivery to our diverse clientele and promotion of accountability and transparency in governance, we must raise our game.

He added that the institute would provide a great opportunity for professional accountants, regulators, standard setters, accounting scholars, government officials and corporate leaders from all over the world to interact, share experiences and proffer solutions to the global issues affecting the accounting profession in the interest of all stakeholders including investors, business entities and policy makers.

He urged the members and their accompanying persons to conduct themselves in respectful and dignifying manner and obey the laws of the host country.

“Let me seize this opportunity to urge members and their accompanying persons to conduct themselves in respectful and dignifying manner and obey the laws of the host country. Remember that you are not only representing the Institute, but also, the most populous black nation on earth. As ambassadors of the country and the disciplined Accountancy Profession, therefore, we should pride ourselves in civility, professional demeanour and fly the nation’s flag with distinction throughout the Congress and beyond”, he said.

KELECHI EWUZIE