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Accountants critical to business, economic growth – ICAN

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The President, Institute of Chartered Accountants of Nigeria, ICAN, Mrs Comfort Eyitayo, has described professional accountants as the soul of businesses around which the economy of any nation revolves.

Eyitayo also called them the conscience of society and the backbone for industrial growth.

She said ICAN had always frowned on any form of professional misdemeanour among its members, as the institute has well-established disciplinary mechanisms against any erring members.

She spoke at a press conference organised as part of programmes to celebrate the International Accounting Day 2021.

Eyitayo said, “ICAN is joining the International Federation Accountants and other professional accountancy organisations all over the world to mark this special day.

“This celebration is necessary to further project the immense roles of professional accountants globally. Our roles are not just invaluable but what we do is critical to the growth and development of sub-national, national and international economies. It is a day to commemorate the impact of accountants on the economy worldwide.

“Professional accountants add value by ensuring businesses perform optimally; facilitate governments efficacy in the generation and management of revenue and disbursement of expenditure; ensure sustainable control of costs across government institutions and private enterprises; proof processes to forestall financial crimes; offer quality judgements to aid wholesome investment decision; and provide pragmatic international trade models, among many other activities.”

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