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ICAN cautions new members against unethical practice

By on December 23, 2014

The President, Institute of Chartered of Accountants of Nigeria, Mr. Chidi Ajaegbu, has advised new inductees of the organisation against committing fraud in their prospective companies.

He urged them to make integrity and honesty their watchword, adding that it would pay off in their accounting career.

Ajaegbu, however, told the new accounting technicians the body would not hesitate to sanction any erring member who failed to uphold the rules and standards of the institute.

The ICAN boss stated this in his address at the 41st induction ceremony of the West Africa Association of Accounting Technicians held in Lagos, where 511 graduates were inducted.

He said, “As accounting technicians, you must not collude with anyone either to cheat or defraud your employers. You are expected to be above board in all that you do.

“You must not tamper with your employers’ monies, temporarily borrow them or use the cash entrusted to your care, to settle claims due to you from your employer, no matter how legitimate.”

He charged them to perform their duties in accordance with the acceptable technical standards irrespective of the sector of the economy in which they are employed or engaged in.

He advised the inductees to add value to their employers’ “legitimate activities and with profound ethical conduct.”

According to him, it is by observing the norms that the accountants will be able to contribute to the sustenance of the leadership role of accountants in corporate governance, both in the public and private sectors.

Ajaegbu, however, reminded the inductees that the body had constituted investigating committee and disciplinary tribunal to handle fraud allegations against any of its members.

“All proven cases of misconduct will attract sanctions. It therefore pays you continue to toe the path of honour by observing religiously all the rules contained in the association’s code of ethics, constitution and bye-laws,” he added.

 

[Punch]