ICAN Inducts 1,631 New Members

The Institute of Chartered Accountants Of Nigeria (ICAN) has inducted 1,631 newly qualified Chartered Accountants and six (6) Registered Accountants thus bringing the total number of professional members of the prestigious Accounting Institute to 48,496.

ICAN Inducts 1,631 New Members

At the 63rd annual Induction ceremony for new members which was held in Lagos last week (8th & 9th May, 2019), ICAN President Alhaji Razak Jaiyeola, FCA, advised the new inductees to constantly update themselves on the emerging disruptive technologies that are redefining business models across professions, such as Artificial Intelligence, Robotics, Machine Learning, Internet of Things among others.
ICAN Inducts 1,631 New Members
He described the induction as the highpoint of years of hard work and dedication and asked the inductees to continue in the same spirit in order to find relevance in the accounting profession. He also invited them to seize the opportunities of the institute’s Mandatory Continuous Professional Education (MCPE) programmes to improve their skills and competencies for continued relevance in the profession.

According to the ICAN President, the admission of the candidates into the Accountancy Profession is an expression of ICAN’s satisfaction that they have imbibed the ethics of the profession premised on trust, integrity and exemplary conduct and are ready to observe them at all times.


He admonished them to abide by the profession’s Rules of Professional Conduct and warned that the Institute would not tolerate any form of professional misconduct and was ready to give out appropriate sanctions for ethical infractions. Jaiyeola also enjoined the new chartered accountants to join at least one of the Institute’s seven Faculties to enable them specialize and become experts in their preferred field of accounting.