|
Getting your Trinity Audio player ready...
|
The newly-elected President of the Institute of Chartered Accountants of Nigeria, Razak Jaiyeola, says he is committed to frontally addressing the twin issue of unemployment and under-employment by adopting training modules which will empower of members to be entrepreneurs and job creators than job seekers.
He observed that many newly inducted members of the accounting profession cannot find jobs in an economy where there are over 37 million micro, small and medium sized enterprises.
According to him, “With the move by large companies towards automation of their processes to save costs, the future appears uncertain and more challenging for young professional accountants”.
Jaiyeola who spoke in Lagos during his investiture as the 54rd president of the accounting body, said as a body, ICAN is aware of the unfolding disruptive impact of artificial intelligence and other IT- related development on the accounting profession, promising that IT-proficient professional accountants will remain globally relevant because as some jobs are phased out, others will be created.
He said as a profession, ICAN must make her impact felt in public governance as this has implications for the ability of private sector players to continue to create wealth.
He further said that under his tenure as president, he shall as part of his mandate support the government with policy initiatives that will bring efficiency and effectiveness to governance such that areas of waste and leakages will be plugged, adding that the institute will be in the vanguard of the campaign for value for money in the award, execution and monitoring of public projects.
“If Nigerians will optimally enjoy the benefits of their huge resource endowments, greater premium must be placed on efficiency, effectiveness and economy in the use of public resources”, he said.
Jaiyeola assures that the institute will intensify human capacity building initiatives to impact Nigeria’s development agenda.
To him, “The institute will work with government and regulatory agencies to enhance the capacity of public institutions to deliver on their mandates trough massive investments in human capital and infrastructural facilities which hold the key to sustainable development”
The new ICAN boss disclosed that to reinforce the achievement in the Federal Government fight against corrupt practices, the would collaborate with security agencies to build forensic capacity through the institute faculties, adding that the accounting body will leverage technology to give the anti-corruption crusade a new and refreshing meaning.
KELECHI EWUZIE
