Newly-qualified accountants are currently undergoing an induction course in Accra, after having been inducted into the membership of the Institute of Chartered Accountants, Ghana (ICAG).


The two-day course, which is being organized by ICAG, aims to initiate the new members into the ICAG and to adequately prepare them for the practice of the accountancy profession.


It is the second induction course in the year 2018 and forms part of the accountancy profession’s knowledge management process to create a positive atmosphere and increase comfort level, and feeling of belongingness for the inductees.


Delivering the key note address at the opening ceremony, Mr Kwame Asuah Takyi, Comptroller-General, Ghana Immigration Service, urged Professional accountants to hold firmly the torch of accountability and protect the public purse.


Mr Takyi reminded professional accountants that the responsibility to act in the public interest was a distinguishing mark of the accountancy profession.


He explained that to act in the public interest meant to put the state first in the discharge of their duties as professional accountants.


He urged professional accountants to uphold the fundamental principles of ethics at all times—even at the peril of their jobs— by protecting the resources they were entrusted with, with all honesty and sincerity.


Mr Takyi said integrity, objectivity, professional competence and due care as well as confidentiality and professional behaviour were principles of ethics that were fundamental to the practice of the accountancy profession.


He underscored the importance of Continuing Professional Development (CPD) as a tool to enhance performance and urged the inductees to take advantage of it.


He also advised the inductees to be conversant with corporate governance regulations and professional standards as well as monitoring and disciplinary procedures to help them reduce threats that undermined and ruined their carriers.


Professional accountants, Mr Takyi said, should declare their stand in conflict of interest situations in order not to fall prey to being cited for professional misconduct.


In a welcome address, Prof. Kwame Adom Frimpong, President, ICAG, stressed the need for professional accountants to enhance career prospects in order to be able perform with utmost quality in a highly competitive global market.


Prof. Frimpong said it was, therefore, the duty of ICAG Council to ensure that new members were equipped with all the qualities that would make them multi-faceted professionals.


He urged the newly-qualified accountants to stand tall in integrity, be impeccable in character, professional in service and to uphold the high ethics and value for which ICAG was known.


He made it clear to the newly-qualified accountants that qualifying as a professional accountant was not the end of their learning career, but only a first step in a life-long journey.


Prof. Frimpong urged the inductees to participate in all activities of ICAG in order to fully derive the benefits associated with membership of the Institute.


Source: ISD (G.D. Zaney, Esq.)


Created: 05 October 2018
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