The new associates have undergone training, equipping them with various skills. Credit: PeopleImages.com – Yuri A/Shutterstock.

The Institute of Chartered Accountants of Nigeria (ICAN) has inducted 1,785 new members during its 74th induction ceremony.  

ICAN president Chief Davidson Alaribe highlighted the critical role these inductees will play in advancing the accounting profession.  

The new associates have undergone training, equipping them with skills in financial reporting, taxation, auditing, corporate finance, forensic accounting, and business recovery, ICAN said. 

Alaribe stressed the importance of adapting to the ever-evolving professional landscape.  

He added: “As we bask in the success of induction, I encourage you all to embrace a lifelong commitment to learning and growth. Be reminded always that the more you learn, the more you grow. The professional environment is evolving more rapidly than ever before.  

“This volatile environment, shaped by technological innovation, regulatory shifts, and changing market demands, constantly presents a unique set of challenges for professionals. It is therefore vital to adapt, innovate, and stay at the forefront of knowledge to remain relevant in an ever-evolving professional landscape.” 

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Last month, Alaribe also emphasised the need for ethical practice and professionalism among accountants.  

This was discussed during the inauguration of Omokemi Oladipo as the pioneer chairman of the Lagelu and District Society.  

The focus of the event was on mentorship to attract and retain new members.  

ICAN was established by the Act of Parliament No. 15 of 1965.  

It is a founding member of the International Federation of Accountants (IFAC), the Pan African Federation of Accountants (PAFA), and the Association of Accountancy Bodies in West Africa.  

With more than 39,000 members and 120,000 students, ICAN conducts professional examinations twice a year.