ICAN president charges new inductees on integrity

The 60th President of the Institute of Chartered Accountants of Nigeria, Davidson Alaribe, has charged the newly inducted members of the institute to maintain integrity and professionalism.

Alaribe made the call on Wednesday during the 74th Induction Ceremony for 1785 new members at the ICAN Centre in Lagos.

He said, “As you embark on your professional journey, remember to uphold the highest standards of integrity and professionalism. Your contributions will not only benefit your clients and organisations but also contribute to the economic growth and development of our nation.

The accounting profession is a noble one that has garnered the trust and high regard of the public.  We have the unique, albeit delicate privilege of being the custodian of sensitive financial information.

“When managed professionally, this information serves as a crucial foundation for directing the growth path of businesses, governments, and economies. Incorrect, misleading, or improperly handled financial data can lead to significant setbacks for the entire economy.

This highlights the vital importance and delicate nature of the role that we play as chartered accountants in the economic landscape.”

According to Alaribe, in the dynamic and ever-evolving business landscape, accountants serve as the unsung heroes behind the scenes, ensuring the financial health and integrity of organisations.

“I, therefore, urge you all to ensure that you uphold the highest standards of ethics and honesty. Be determined to stand out and continually entrench the principles of integrity and accuracy. Let these virtues illuminate your path as you navigate the future.

“As we bask in the success of induction, I encourage you all to embrace a lifelong commitment to learning and growth. Be reminded always that the more you learn, the more you grow,” he added.

He noted that the professional environment was evolving more rapidly than ever before, adding that the volatile environment, shaped by technological innovation, regulatory shifts, and changing market demands, constantly presented a unique set of challenges for professionals.

“It is therefore vital to adapt, innovate, and stay at the forefront of knowledge to remain relevant in an ever-evolving professional landscape,” he mentioned.

The Second Deputy Vice President and Chairman of the Membership Affairs Committee, Dr Etofolam Osuji, urged the new inductees to continuously upgrade their skills.

“To thrive in this dynamic environment, you must continuously upgrade your skills and adapt to emerging trends. This profession demands not only technical expertise but also a keen sense of judgment, ethical integrity, and strategic thinking.

“You are now equipped with the knowledge and tools to navigate complex financial landscapes, solve intricate problems, and make informed decisions,” he declared.

With the fresh inductees, ICAN membership has grown to about 65,000.

The institute was established in 1965.