The event was attended by various figures from the accounting and business sectors. Credit: Anton Gvozdikov/Shutterstock.

The Institute of Chartered Accountants of Nigeria (ICAN) national president Chief Davidson Alaribe has highlighted the need for ethical practice and professionalism among accountants, reported Tribune Online.  

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

The event, held in Ibadan, was attended by various figures from the accounting and business sectors. 

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

Davidson Alaribe also officially launched the Lagelu District and Society as ICAN’s 74th geographical district.  

This move aims to enhance ICAN’s outreach and influence in south-western Nigeria.  

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The ICAN president stressed the significance of mentorship in guiding young accountants and helping them navigate the complexities of the profession.  

Davidson Alaribe further added: “Mentorship is at the heart of our profession’s growth. As we continue to expand and strengthen our membership base, we must focus on nurturing the next generation of accountants. 

“By deepening a culture of mentorship, we can ensure that more young professionals, especially those who don’t even want to be stressed by the nitty gritty of accounting, are inspired and equipped to join ICAN and contribute to the growth of the profession.” 

He urged the Lagelu District leadership to uphold ethical conduct and professionalism.  

In addition, he encouraged Chief Omokemi Oladipo to engage in mentorship programmes to support aspiring accountants’ career growth. 

The event also included discussions on ethical accounting practices and the role of chartered accountants in national development.  

Experts emphasised the need for accountants to update their skills in line with evolving technology and regulations. 

Oyebade Oyedepo of the Institute presented a paper titled Breaking Barriers; Expanding Frontiers.  

He discussed the internal and external barriers accountants face and provided strategies to prevent and mitigate challenges.