The second induction course in the year 2017 for newly-qualified Chartered Accountants is underway in Accra.

The two-day course, organized by the Institute of Chartered Accountants (Ghana) (ICAG), seeks to prepare the newly-qualified chartered accountants for the world of business.

Topics to be treated under the course include The Chartered Accountants Act, 1963 (Act 170), Code of Ethics for Professional Accountants, Overview of the Ghanaian Business Economy and the Strategic Talent Management (Career Development).

The others are Personal Branding, Investment in Excellence, Nutrition and Good Health,  Structure of ICAG and Stress Management.

In a key note address at the induction ceremony in Accra, yesterday, the Guest Speaker, Dr Papa Kwesi Nduom, underscored the importance of discipline and high moral values in the field of work as chartered accountants.

Dr Nduom, therefore, urged the newly-qualified accountants to earn and maintain a reputation of sound ethics and integrity in the discharge of their professional duties as Chartered Accountants.

He reminded the inductees of cultivating the habit of tax payment as part of personal and professional integrity.

He also stressed the need to protect the assets of clients. “You don’t bandy about what you learn about clients, “he emphasized.

He cited Proverbs Chapter 22, verse 1, Mark Chapter 8, verse 36, Colossians Chapter 3, verse 23, Proverbs Chapter 11, verse 1 and proverbs Chapter 20, verse 13 as biblical exaltations that should guide the inductees in the field of work as professionals.

In his opening remarks, Mr Christian Sottie, President of ICAG and Chairman for the occasion, reiterated the commitment of ICAG to assisting government to protect the public purse.

Mr Sottie reminded members of the Institute that the motto of the Institute “Integrity” remained a key ingredient in the fight against corruption.

He said integrity and discipline should be the watchword of accountants, adding that the role of the accountant as an auditor, accountant or financial analyst required strict observance of prescribed guidelines and urged accountants to resist the temptation to violate laid-down procedures and guidelines for expediency.

Mr Sottie urged accountants to strive to produce results as efforts without results were meaningless.

ICAG is a professional accountancy organization established by an Act of Parliament, The Chartered Accountants Act, 1963 (Act 170).

It is the sole body charged with the regulation of the accountancy profession in Ghana and its members are the only persons recognized under the Companies Code 1963, (Act 179) for the purpose of auditing of company accounts.

The Institute is governed by a Council of eleven Chartered Accountants which is headed by a President who holds office for a period of two (2) years.

The Institute currently runs two distinct programmes—The Professional Programme and The Technician programme, known as Accounting Technician Scheme West Africa (ATSWA).

A candidate who successfully completes the professional programme and obtains a working experience in accountancy, approved by the Council of the Institute, qualifies to use the designatory letter ‘CA’ after his/her name.

Source: ISD (G.D. Zaney)