Accountants embracing technology for efficiency in their work.

TLDR:

• Accountants advised to adopt lifelong learning and technology by FCMB Managing Director, Yemisi Edun.
• Importance of sustainability accounting, ethical practices, and upskilling emphasized at ICAN Western Zone Conference.

The Managing Director of First City Monument Bank (FCMB), Yemisi Edun, emphasized the importance of lifelong learning and adoption of technology for accountants in Nigeria. She highlighted the need for accurate measurement and reporting in their line of duty to build trust, foster development, and drive positive environmental and social impact.

At the Institute of Chartered Accountants of Nigeria (ICAN) Western Zone Conference, Edun stressed the importance of sustainability accounting and promoting ethical practices to combat waste and corruption. She emphasized the need for accountants to adapt to emerging trends to ensure integrity, transparency, and future-proofing skills.

ICAN’s President, Dr. Innocent Okwuosa, reaffirmed the Institute’s commitment to supporting the government in finding solutions to Nigeria’s socio-economic challenges. The Western Zone Chairman of ICAN, Alhaji Lateef Awojobi, challenged accountants to upskill and enhance their competencies to exhibit technical and professional competence as critical stakeholders in the business community.

Overall, the conference highlighted the increasing demands from consumers, investors, and regulators for transparency, accountability, and a commitment to a sustainable future in the accounting profession. The adoption of technology, ethical practices, and continuous learning were emphasized as essential aspects for accountants to thrive in the evolving business landscape.