An Address - The Institute of Chartered Accountants of Nigeria

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Presidents would recall, the Accounting Technicians’ Scheme now operates under theauspices of the Association of Accountancy Bodies in West Africa (ABWA). Theimplication of this is that the examinations under the ATS are now conducted at the sametime across the ECOWAS sub-region. This is expected to enhance the acceptability of theAAT certificate across West Africa as well as facilitate reciprocity among the accountancybodies in the sub-region. These twin advantages are expected to assist to raise theenrolment rate for the ATS which has been on the decline for some time now. Again, Iexpress my profound gratitude to Past Presidents who graced the occasion with theirpresence.Council Decision on Special Candidates’ Course18. Permit me to reverently reiterate Council’s decision to stop the conduct of SpecialCandidates’ Course forthwith in response to the need to ensure uniform standards for allmembers of the Institute. This will also address the issue of some students of some foreignprofessional accountancy bodies adopting the policy of buying one and getting one free.Therefore, all qualified members of foreign professional accountancy bodies will have tosit and pass four papers: Law, Taxation, Public Sector Accounting & Finance andAdvanced Taxation to meet the requirements for membership of ICAN.Zonal Accountants’ Conferences19. The Zonal Accountants’ Conference has become the second most important interactiveforum for members of the Institute after the Annual Accountants’ Conference. TheseDistrict Conferences serve as fora for members to exchange ideas about professional andnational issues which can impact their various practices and businesses. The 7 th EasternZonal Districts Conference was successfully held at Matho Crystal, Hotel, Imiringi Road,Yenagoa, Bayelsa State from Sunday, July 15 to Friday, July 20, 2012. The DeputyGovernor of Bayelsa State, Rear Admiral John Jonah Gboribiogha (rtd) declared theconference open while I declared the event closed.I am pleased to inform you that the 7 th Western Zonal Districts’ Conference is to behosted by Ado-Ekiti and District Society in Ekiti State between Monday, February 11,12
2013 and Thursday, February 14, 2013. I would be delighted to play host to as manymembers of this Body that would be willing and able to attend.Visits to District Societies20. As part of the strategies for keeping myself abreast of the performance and adherence tothe ethics of our profession, I have so far visited 12 (twelve) local district societies. Suchvisits have also made it easier for me to ascertain, first hand, the challenges facing ourmembers in their various callings. It has also helped to bridge the information gapsubsisting between the Institute and its members and students located in all nooks andcrannies of the country. I intend to visit some more district societies within the next fourmonths.Visits to the Big Four Practicing Firms21. As part of the Council’s initiatives to raise the quality of public practice and financialreporting in the country, I reached out to the big four accounting firms namely AkintolaWilliams Deloitte, PricewaterhouseCoopers (PwC), Ernst and Young and KPMGProfessional Services, with a view to seeking their technical support not only for theInstitute’s programmes but also for small and medium-sized firms who are daily faced byrapid changes in standards and regulations and increased sophistry of the clients. Theyaffirmed their readiness to partner with the Institute through participation in committeemeetings and training programmes. I am pleased to report that some of their technical staffare actively involved in the various certification and training programmes of the Instituteand they also supported the institute by sponsoring their staff and made financialdonations towards the 2012 Annual Accountants’ Conference.Visits to Tertiary Institutions22. Let me note with all sense of responsibility that the future of the Institute is inextricablytied to how well it can continue to attract new entrants into the profession. This attractioncan best be driven by the creation of awareness among students. Thus, in order to catchthem young, I have so far visited fourteen (14) tertiary institutions in the country. In thecourse of these visits, I had various discussions with Students, Vice-Chancellors, Rectorsand management of the Institutions on how the Institute can partner with them. Text13
Page 1 and 2: An AddressbyMr. Adedoyin Idowu Owol
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An Address - The Institute of Chartered Accountants of Nigeria

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