By Mobolaji Odunuga
The Institute of Chartered Accountants of Nigeria (ICAN) has inaugurated Kabir Mohammed as its 49th president.
The ceremony which took place in Lagos was attended by past presidents of the Institute and experts in the industry which included the doyen of accountancy profession in Africa, Akintola Williams.
In his speech at the occasion, Mohammed noted that the rapid decay of societal values like honesty had been a major hindrance to the progress of the nation.
“We are challenged as accountants to enforce professionalism and integrity and that is why the theme for 2013/2014 is ‘Redefining Professional Values: Upgrading the ICAN Brand’.
“As I set out to implement various policy initiatives embedded in the 2012 to 2017 Strategic Document, we will uphold the challenges in the institute’s membership.
“The council under my leadership will address and solve the discrimination of members who qualified through the Accounting Technician Scheme.
One critical issues that had continued to confront young members of the institute was labour mobility,” he said.
He noted that failure of past efforts at signing reciprocal relationship with some bodies of International Federation of Accountants has been an issue between ICAN and World Bank and was glad to announce that through a twinning agreement with the Institute of Chartered Accountants in England and Wales, the hurdle will be crossed.
He said that under his leadership, the institute would sign a Memorandum of Understanding with one of the top 50 universities in the world to assist members who intended to pursue research in the university.
The immediate past President, Doyin Owolabi, urged the new president to continue the work in the spirit of teamwork.
He said in the institute, there is nothing like a president achieving something alone, “our unique point is teamwork and that is what brings about speedy progress”.