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ICAN warns Accounting Technicians against fraudulent acts

The 45th president of the Institute of Chartered Accountants of Nigeria, ICAN, Mrs. Elizabeth Adegite, has warned Accounting Technicians against fraudulent practices that can bring the reputation of the profession to disrepute.

Speaking at the 30th AAT induction ceremony, the ICAN president, Adegite, stated that the AAT Investigating and Disciplinary Committees has been set up to investigate allegations against members and consider the reports so as to recommend appropriate sanctions.

She, therefore, tasked the newly inducted Accounting Technicians to strictly observe the Rules of Professional Conduct for members, which are to guide and regulate their activities.

“As Accounting Technicians, you must strive to perform your duties in accordance with acceptable technical standards irrespective of the sector of the economy in which you are employed. You must continuously strive to add value to your employers’ legitimate activities and with profound ethical conduct.”

“You must not collude with anyone either to cheat or defraud your employer. You are expected to be above board in all you do. Only by observing these norms will you be able to contribute to the sustenance of the leadership role of Chartered Accountants in corporate governance in the public and the private sectors of our nation.

In his speech, the special guest of honour and also a past president of AAT, Mr. Emmanuel Ijewere, encouraged the inductees to set objectives for themselves, which must be higher than what they are now.

“There are two elements that are required for success- availability and opportunity. You have to prepare and make yourselves available so that when the opportunity comes, you don’t miss it. You have prepared yourselves and the opportunity presented itself and you are all graduates of the programme.”

The Accounting Technical Examinations’ Scheme was launched in 1989 by ICAN to provide recognised qualification for middle-level accounting personnel in the various sectors of the economy. With over 65,000 students, the Scheme now boasts of 12,895 ATS certificate holders.

Also, to give the ATS certificate international recognition and improve its status, the Institute commenced on a common syllabus for the scheme in West African countries under the auspices of the Association of Accountancy Bodies in West Africa (ABWA). This is aimed at creating more employment opportunities for ATS certificate holders and reciprocal recognition of the ATS certificates within the constituent member-Institutes of ABWA.


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