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Mark urges accountants to adhere to ethics of their profession

08 October 2013, 19:29

Abuja - Senate President David Mark on Tuesday called on accountants to sustain the nation’s democracy and enhance economic development by adhering to the ethics of their profession.

Mark made the call in Abuja while opening the 43rd Annual Conference of the Institute of Chartered Accountants of Nigeria (ICAN).

The senate president, who was represented by Sen. Patrick Ayo-Akiyelure, urged the ICAN members to justify the confidence reposed on them by the National Assembly and Nigerians.

Mark said: "In our oversight functions as democratically elected legislators, we would ensure that government operations are anchored on transparency, accountability, efficiency and sustainability.

"We would expect members of the noble profession to help in achieving this mandate."

He said the guiding principle of accountants should be the pursuit of the common goal and not self aggrandisement.

"You should remember that you are professionals of high standard and your members must abide by the ethics and code of conduct of the profession.

"The institute should not relent in passing judgment on any member that brings the hallow session into disrepute by his actions or inaction,” he said.

Earlier, the President of ICAN, Alhaji Kabir Mohammed, called for collective efforts to confront and overcome the current economic challenges facing the nation.

"We must evolve initiatives that would reduce the cost of doing business and enhance the survival and growth of economic entities.

"Industries and agriculture as growth drivers, must flourish again,’’ he said.

Mohammed advised the government to observe some "avoidable social costs and economic externalities'' in its bid to move the people from the current throes of poverty to the envisaged realm of economic prosperity.

He urged the government to provide the enabling environment for economic agents to function, to prevent such avoidable costs.

The ICAN boss said that strategies aimed at minimising environmental degradation and pollution, health hazard and social dislocation should be at the heart of government’s development agenda.

"Economic advancement must not be attained at the expense of sustainability," he said.



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