Accountants essential to business, to economic growth – ICAN

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

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

She said ICAN has always disapproved of any form of professional misdemeanor among its members, as the institute has well-established disciplinary mechanisms against any offending member.

She spoke at a press conference organized as part of the 2021 International Accounting Day celebration programs.

Eyitayo said, “ICAN joins with the International Federation of Accountants and other professional accounting organizations around the world to mark this special day.

“This celebration is necessary to better project the immense roles of professional accountants in the world. Our roles are not only invaluable, but what we do is essential to the growth and development of subnational, national and international economies. It’s a day to commemorate the impact of accountants on the global economy.

“Professional accountants add value by keeping businesses running at peak performance; facilitate the efficiency of governments in the generation and management of revenue and the disbursement of expenditure; ensure sustainable cost control between government institutions and private companies; evidence processes to prevent financial crimes; offer quality judgments to help make sound investment decisions; and providing pragmatic international business models, among many other activities.

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