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ICAN, ACCA sign MoU on mutual cooperation

09 June, 2008 02:00:00 CHIDI NDUKA AJA

The Institute of Chartered Accountants of Nigeria (ICAN) and the Association of Chartered Certified Accountants (ACCA) have signed a Memorandum of Understanding on mutual cooperation, which is sequel to the agreement reached in February this year. The two bodies had agreed when Gillian Ball, the Global President of ACCA, visited Nigeria, the terms of reference of the Bilateral Committee as well as resolved to collaborate on a number of areas to develop the accountancy profession.
The MoU provides for the establishment of mutual cooperation between the two institutions, both members of the International Federation of Accountants, IFAC; and also agrees that the Bilateral Committee, established in Istanbul, Turkey November 14, 2006, shall continue to meet twice a year.

By the terms of the MoU, both ICAN and ACCA have agreed to collaborate in further developing and promoting the accountancy profession; identify ways in which they can work together to support their respective members in Nigeria and UK; strengthen regular communication links between both bodies; determine a road-map towards achieving a long-term mutually beneficial partnership between them; as well as review and, where appropriate, work together to address common issues in the national, regional and international accountancy profession.

In another development, the Institute of Chartered Accountants of Nigeria (ICAN), Tuesday in Lagos, elected Richard Uchechukwu Uche as its 44th president. He succeeds Abiodun Babington-Ashaye.
In his acceptance speech, Uche said there are tremors shaking the foundation of the accountancy profession which pose serious threat to the profession, making visioning imperative for future success.

He stated that the profession’s core values which include integrity, objectivity, competence, attunement to broad business issues, continuing education and lifelong learning would change in the future in response to changing global and economic demands.

He observed that the future chartered accountant must now be a repository of such s skills as communication and leadership skills, strategic and critical thinking skills, focus on the customer, client and market, interpretation of converging information as well as technological adeptness.

The new president said profound changes are occurring globally in the accountancy profession driven in the main by the advancement in information technology and globalisation, and lamented that accountants are going through identity crisis as advancement in IT impacts on the profession’s age-long practices and mode of service delivery.

He assured that the action plan of his administration for the accountancy profession in Nigeria would be one that is able to respond proactively to the dynamics in the environment and remain the pivot of all productive economic activities.

"Rather than be at the receiving end, the accountancy profession should and must drive the evolving but inevitable change process in the public interest," he said.

He gave as his the thrust of his administration’s mission over the next 12 months as defence of the ICAN Act, strengthening of faculties, creation of research and technical directorate, professional practice monitoring, restructuring of the mandatory continuing professional education programme, review of syllabus and training curriculum, building partnership with tertiary institutions, improvement of library facilities, and computerisation of the institute’s operations.

if u ain't satisfied wid something, u can complain.


I am not ready to write stories here but instead of comparing wid mtv, compare with soundcity

it's annoying that the winner has been decided

We'll just watch an over-edited session

there may be times when phone calls may not be answered. some offices do that. so confirm from ait

ima1:
seven is a lucky number

7 point agenda

ok sorry o

u know on nland, some threads become a chatroom

that's good.

Kanu can become a defenfder while Taiwo becomes a striker

little wonder nigeriasn are lawbreakers in foreign nations

abuja no be the same with lagos

There are in lagos; probably there are not as many as the author expects

I know of three at Ikeja and one at The secretariat

corruption don kill us all

ha!

is this not the osisi on the Religion board??

that section na craze section

babyosisi

uns mennnnnnnnn

i loff this thread o!

the above thread was BLOODY

mo mo nkan to n se mi sef

mo ma n wa si tiredi yi once in pupa moon sha

original source: http://www.punchng.com/Articl.aspx?theartic=Art200806141591590

other sources: http://allafrica.com/stories/200806160163.html

vickymoe has just 1 post.

)+)

can he tell us if the money has been paid?

too much commercials on the show.

always emphasizing EXtremely bla bla bla

courageous Nigeriaan . ,

no interesting progs

wtf

it's our former strikers turned defenders that now know how to score

how come this 'useless' post got 16 pages

elctroguru:
@ all that passed. Instead u shld be happy about your score, u're making mouth anyhow. So y don't u score 400? You knw there's no reason for failure

Do u mean that

u be gold digger?

why are all these guys from the past trying to gain prominence gagin?

is it a demoCRAZY party?

hope say the maachine no go kill contestant o!