Investiture: New Kano ICAN chair restates commitment to ethical practice

The Institute of Chartered Accountants of Nigeria (ICAN) on Sunday had the investiture of the Kano and District Society’s 43rd Chairman, Sa’idu Musa Bala, for the 2024/2025 term.

SolaceBase reports that the ceremony, which brought together distinguished guests including professionals in the accounting profession, business leaders, and government officials, took place on Sunday at the Grand Central Hotel in Kano.

A traditional title holder, Sarkin Shanun Kano, Alhaji Shehu Muhammad, called on the new chairman to work diligently to ensure progress, emphasizing the importance of making significant achievements within the one-year tenure.

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He stated, “The new chairman should work tirelessly to ensure that he makes wonderful achievements within the span of twelve months of his tenure. We also wish him the best of luck.”

A former Kano State Commissioner for Finance and a senior lecturer with Bayero University, Kano Professor Kabiru Isa Dandago presented a paper titled “Spirituality and Godliness in Accounting Practice,” highlighting the promise of the accounting profession in the fundamental accounting equation, which represents moral truth: every transaction has a giver and receiver of the same value. He emphasized that accountants must act ethically, faithfully, and consistently in the best public interest.

Dandago said, “However, in real life, accountants have not been able to harmonize or reconcile the latter and the spirit of accounting with happenings in society and to extricate the accounting profession from unethical and unspiritual transactions.”

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Professor Dandago further stressed that Nigeria needs all practising accountants and accounting officers in various public and private sector organizations to be ‘vaccinated’ with SAV (Spirituality, Accountability, and Vigilance) to protect the country’s wealth against the high level of fraudulent practices.

After his inauguration, the new chairman, Sa’idu Musa Bala, expressed his commitment to improving the accounting profession in Kano State.

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He stated, “We are aware of the situation of the accounting profession in Kano. Kano is the centre of commerce in the country. However, many companies are failing every day, and the reason may not be unconnected to the lack of professionalism.”

He added, “Any company that you see making significant progress if you look behind that company, you will see that they have many chartered accountants guiding them. A chartered accountant is like a medical doctor to any business. A businessman will come, and the chartered accountant will analyze that business, see where it is ‘sick,’ and provide a solution.”

The new chairman and the newly inaugurated executives expressed their determination to ensure the highest standards of professionalism and ethics in accounting practice in Kano State.