Paragraph 1: ICAN’s Commitment to Economic and Governance Discourse
The Institute of Chartered Accountants of Nigeria (ICAN) has reaffirmed its dedication to strengthening its influence in the nation’s economic and governance landscape. This commitment underscores ICAN’s recognition of its role not just as a professional body for accountants, but as a key stakeholder in Nigeria’s overall development. The institute intends to achieve this through robust engagement in research, conducting national roundtables, and advocating for policies that promote economic growth and good governance. This proactive approach reflects ICAN’s awareness of the interconnectedness between sound economic policies, transparent governance, and sustainable national development.
Paragraph 2: Positioning ICAN as a Pillar of Integrity and Ethical Governance
Central to ICAN’s strategic vision is its ambition to be a beacon of regulatory integrity and ethical governance in Nigeria. The institute recognizes that ethical conduct and adherence to regulatory standards are crucial for building trust in the financial system and promoting sustainable economic growth. By upholding these principles, ICAN aims to inspire confidence among investors, both domestic and foreign, thereby contributing to a more stable and attractive investment climate. Furthermore, ICAN’s commitment to ethical governance extends to its own internal operations, ensuring transparency and accountability in its activities.
Paragraph 3: Reshaping the Future of the Accountancy Profession
ICAN is actively engaged in reshaping the accountancy profession in Nigeria to meet the evolving demands of a dynamic global landscape. This involves a multi-faceted approach that encompasses enhancing member skills, embracing technological advancements, and fostering strategic partnerships. Recognizing the transformative potential of digital technologies, ICAN is prioritizing the digital transformation of its examination process and leveraging technology to enhance member services. The institute is also focused on equipping its members with the skills and knowledge necessary to navigate the complexities of the modern business environment.
Paragraph 4: ICAN’s Ten Transformative Pillars
ICAN’s strategic direction is guided by ten transformative pillars that represent its key priorities for the future. These pillars encompass a wide range of initiatives designed to strengthen the institute and enhance its impact on the Nigerian economy. The pillars include: digital transformation of the exam process, revitalizing the ICAN brand, engaging and retaining Generation Z, enhancing member employability, elevating Small and Medium Practices (SMPs), establishing global certification pathways, promoting thought leadership and policy advocacy, institutional capacity building, and strengthening regulation and anti-corruption efforts. Each of these pillars represents a critical area of focus for ICAN as it strives to achieve its strategic objectives.
Paragraph 5: Vision for ICAN Ibadan and District Society
The newly inducted Chairman of the ICAN Ibadan and District Society, Mrs. Olufunmilayo Omisore, has articulated a compelling vision for the district’s future. Her primary goal is to establish the Ibadan and District Society as a leading district within ICAN, characterized by members upholding the highest ethical standards and possessing strong technical competence. This vision aligns perfectly with ICAN’s national objectives and underscores the importance of local chapters in driving the institute’s overall success. Mrs. Omisore’s leadership promises to usher in a new era of growth and development for the Ibadan and District Society.
Paragraph 6: Strategic Focus of the Ibadan and District Society
To achieve her vision, Mrs. Omisore has outlined a strategic framework built upon two key sets of principles: building upon the existing five cardinal points and introducing the “7Cs”. The five cardinal points include an extensive membership drive, member inclusiveness, welfare and empowerment, advocacy programs, business visitations, attracting young talent, and infrastructural development. The “7Cs” represent collaboration, community support, continuous learning and development, catch-them-young programs, coaching and mentorship, caring, and creativity and innovation. By focusing on these principles, Mrs. Omisore aims to create a vibrant and dynamic district society that empowers its members to thrive in the ever-evolving world of accounting. This strategic focus on member development, community engagement, and innovative initiatives promises to significantly enhance the Ibadan and District Society’s contribution to the accountancy profession in Nigeria.
