Forensic Audit Bill Will Boost Professionalism In Nigeria – ICAN

Mr Rasaq Jayeola, the president of the Institute of Chartered Accountants of Nigeria (ICAN), yesterday, described the forensic audit bill before the National Assembly as victory for professionalism and accountability in the country.

Mr Jayeola, who made this known while speaking on the institute’s forthcoming 1st Annual Accountants Technology (AAT) summit which is scheduled to be held in Lagos next Thursday, said if the bill is passed, it will further strengthen investors’ confidence in the Nigerian economy as well as support the current administration's drive in its fight against corruption.

“Internationally, people are clamoring for foreign investors, how will they come if we are already compromising standards. In Nigeria of today, it is important that we face the reality of the way things are done internationally. That is the only thing that can help sustain the way and manner people will embrace us and we will not turn to laughing stock,” he stated.

He further stated that technology has moved from being a tool for making businesses and jobs efficient and for business survival, stressing that accountants must not just appreciate technology, but be very versed in deploying different forms of technology for business survival and growth.