The Ikeja District Society of the Institute of Chartered Accountants of Nigeria has condemned corrupt practices perpetuated by accountants in the country.
The Chairman, IDSICAN, Mr. Patrick Sanni, while speaking at a press conference to commemorate the institute’s 30th anniversary in Lagos, called on accountants in the country to uphold the ethics of their profession.
Sanni noted that IDSICAN and its parent body would not hesitate to sanction errant members who flout stipulated rules of operation. He argued that not all accountants in the country were registered and stressed that many of the corrupt practitioners may not be members of the body.
He said, “As far as we are concerned, one thing is that we will stand for what is right at all times. The statement saying ‘if accountants do not cooperate, corruption will not thrive’ does not imply to all accountants in the accounting profession.
“ICAN has a very stringent measure when it comes to punishing misconduct. Anyone found guilty against stipulated laws will have his name removed from the register of members. And no member will like to lose his membership that easily.”
Sanni added, “Also, it is important to note that not all accountants in the various organisations we have in this country are our members. Those who fall in this category most times do not have the fear of involving in corrupt practices because they know they owe no allegiance to any professional body.”