The Institute is to revamp its examination syllabus to include themes on disruptive technologies on ensuring that Chartered accountants and prospective members are future ready.
It is also tinkering with its continuous training programmes to ensure that chartered accountants remain relevant despite the disruptions caused by the widespread deployment of new technologies in accounting, finance and general management.
Some of the technologies that are changing the face of accounting and finance according to ICAN President Mazi Nnamdi Okwuadigbo, FCA, include Blockchain, Artificial Intelligence, Robotics and Internet-of-Things which are redefining formerly entrenched business models.
Speaking through ICAN Vice President Dame Onome Joy Adewuyi, when the Governing Council of the Institute paid a courtesy visit to the Lagos State Government at Alausa last week, Mazi Okwuadigbo said ICAN, as a pro-active organization, had resolved to provide its graduates with the necessary skills required in the new business models.
The institute also called on Lagos State Government to throw its weight behind every effort in the country to guard against quackery across all professions. “We humbly request our amiable Governor to join us in the crusade against charlatans across all professions”, he said.
He asked for the cooperation and support of Lagos State Ministries, Departments and Agencies in supplying the Institute’s assessors and coordinators the required information for the second report of the ICAN Accountability Index (ICAN-AI).
Responding on behalf of the State Government, the Deputy Governor Dr. Obafemi Hamzat pledged to provide support to the Institute. He said the State was willing to collaborate with ICAN to bring more organizations and individuals into the tax net to enhance its revenue profile further.