Dame (Mrs.) Onome Joy Adewuyi FCA has taken over the reins of power and the authority from Mazi Nnamdi Okwuadigbo FCA as ICAN President promising to “live the ICAN ideal of integrity, professionalism and defend the public interest.”
She becomes the 56th person to be at the helm of the foremost professional accountancy organization and the 7th female to occupy the exulted position of President since the Institute was chartered by Act of Parliament in 1965.
At the Investiture ceremony held in Lagos, Dame (Mrs.) Adewuyi promised to take ICAN to the next level by widening the use of information technology in its operations especially in the conduct of examinations and delivery of tutorials.
She promised to adopt innovative approaches in the training of chartered accountants to equip them properly to triumph over challenges of the profession, especially arising from technological disruptions.
“Clearly, we now need to retool, rethink and retrain Chartered Accountants to make them future ready”, she said, adding that ICAN must do what is necessary to ensure that its newly qualified Chartered Accountants and current members have the required skill sets and competences to serve and meet the needs of users of their services.
In this regard, she said the Institute would as a matter of urgency adopt Computer Based Testing (CBT) system of conducting its examinations to ensure that environmental disruptions such as the one caused by the corona virus pandemic would no longer affect learning and examination.
She also revealed that ICAN would review its syllabus more frequently than the current five year’s interval to respond to changes in the market place.
“In addition, the Institute will collaborate with the National Universities Commission (NUC) and the National Board for Technical Education (NBTE) to review the accounting curricula of Universities and Polytechnics. This would facilitate alignment between the theory and practice of accounting for the benefit of all stakeholders”, the 56th President said.