Institute of Chartered Accountants Ghana (ICAG) has hinted on meting out severe sanctions against members complicit in the Auditor General’s report in infractions and misappropriation of funds by State Owned Enterprises (SOEs).
According to the Institute, it has launched investigations into the misconduct with help from the Auditor-General’s office to identify members who contributed to the unethical practices.
Sena Dake, President of the Association made this known at a Press Soiree to mark the Institute’s 60th Anniversary celebrations.
“We are looking forward to working closely with them (the Auditor General’s Department) to do further investigations. And where individuals who have practiced as accountants or who have practiced within the finance space have been found to be wanting in certain areas that flout the standards and the regulations and the ethical values of ICA Ghana will be brought strictly under the same sanctions that ICA Ghana has meted out for these members.
“When we do further investigations, the report of the Auditor-General will bring out individuals behind the non-compliance and all those people will be part of our disciplinary process.”
Sena Dake
Meanwhile, the Institute’s 60th Anniversary Celebration is dubbed ‘Promoting Sustainability, Deepening Trust, Nurturing Partnerships’.
In preparations towards the Associations’ 60th Aniversary Celebrations, members of ICAG embarked on a float yesterday, Thursday, January 26, 2023 which began at 7:00am.
The float began at the Forecourts of ICAG, then to the Tetteh Quarshie roundabout, where the team continued on to 37.
Getting to 37, the team moved further to Ridge roundabout, Christ the king, Cantonment and then back to the ICAG Secretariat.
All participants in the float were gracefully dressed in the ICAG Branded T-Shirts, which was the defined dress code for the exercise.
The Press Soiree was held afterwards at the ICAG premise, which is located at Okponglo, East Legon.
The anniversary launch and thanksgiving service is set to take place today, Friday, January 27, 2023 at the Accra International Conference Center at 4:00 pm after which the events of the celebration will kick start.
All members of the Association have been entreated to attend the program, fully represented in the ICAG Cloth.
About ICAG
The Institute of Chartered Accountants, Ghana has since the mid-sixties been providing accountancy training at both technical and professional levels.
The pass rates in the early days of the Association’s existence were low due to non-availability of reading materials.
This trend has seen a massive turn around getting into the 80s with the availability of accounting manuals to facilitate learning. The organization has since been performing incredulously.
ICAG was established in June 2009 following the Institute’s effort to provide readily available tuition to prospective and regular students on part-time and regular streams.
Tuition is provided in three levels(Parts 1 to 3) in the ICAG College, where a conducive learning environment is provided to aid learning.
ICAG exists to nurture professional accountants of the highest quality, who are ready to provide cutting edge services to clients at all occasions and who uphold the ethical values of the accountancy profession.
The institute seeks to premier institute of Chartered Accountants in Africa by: having a technically competent and appropriate membership; providing services of the highest professional standards to industry, commerce and the government; being recognized for highest standards of competencies, integrity and excellence; providing the best services to members and students and lastly, being accepted as an authoritative body in accountancy and financial matters.
The Association has since its inception worked actively to achieve all these aspirations.
As part of its core values, each Association member is expected to uphold competency, integrity, excellence and versatility.
Failure to live by these laid down values will attract severe sanctions from the Institute, which has Integrity at its center stage.
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