First Bank Nigeria Limited has pledged support to the Institute to further strengthen it on the path of national development. FBN Managing Director/Chief Executive Officer Dr. Adesola Adeduntan made the pledge during a virtual meeting between ICAN and the bank on Friday.
He commended the Institute’s leadership, describing it as forward-looking and endorsed its regular review of professional examination syllabus as a step in the right direction.
In her remarks ICAN President Dame Onome Joy Adewuyi FCA appreciated the support of First Bank to ICAN over the years especially in the employment of Chartered Accountants, payment of subscription of members in the bank’s employment and partnership in the hosting of the Annual
She asked the Bank to consider setting up an ICAN chapter in order to bring the Institute’s activities closer for greater collaboration and partnership in the development of accountancy in the country.
She also called on the management of First bank to seize the opportunity offered by the Institute’s Mandatory Continuing Professional Development (MCPD) to strengthen the skills of its staff, adding that the in-house training programme would most suit the bank in view of the large staff strength.
She said the Institute was doing its best to re-invent accountancy practice considering the enormous impact that technology is making on the profession resulting in machines taking over most of the traditional jobs hitherto done by accountants.
While admitting that technology has come to stay, she said that ICAN was bent on producing future ready accountants by reviewing its syllabus more frequently than previously in response to the needs of the market.