Posted: Thursday 15th May 2014 at 17:42 pm

Institute of Chartered Accountants commits to help tackle corruption

The President of the Institute of Chartered Accountants-Ghana (ICAG), Mrs Angela Peasah, has reiterated the institute’s commitment to support the government to tackle the canker of corruption in the country.

According to her, the President’s recent assurance of fighting corruption on two fronts will help expose and tighten the country’s systems to prevent corruption from recurring. 

Mrs Peasah was speaking at a press conference to launch activities for the institute’s Accountants Week celebration in Accra.

She said corruption had contributed to the current state of the economy and steps by the government would help eradicate the canker from the system. 

The conference, which was attended by members of the institute, the press, as well as stakeholders in the accounting profession, was also geared towards brainstorming on measures to help uplift the image of the institute and make the celebration a success.

The Accountant’s Week celebration will be held on the theme, “The role of a chartered accountants in Ghana: 50 years and beyond”.

  Achievements
According to Mrs Peasah, the institute has come a long way since its inception, with its financial membership totalling about 3,500, as well as members serving in public practice as auditors, lecturers, accountants, internal auditors, chief executives, entrepreneurs, among others.

In addition, she said the institute’s members had been fully active on the political arena, some of whom were parliamentarians and ministers of state, as well as  members of international organisations such as the World Bank, IMF, ECOWAS, USAID, among others.

Speaking on the successes chalked up by the institute, Mrs Peasah said her outfit had worked considerably well to put the country on the professional accountancy map globally.

She explained that the initiative had afforded the members of the institute place in international organisations such as the Association of Accountancy Bodies in West Africa (ABWA), Pan African Federation of Accountants (PAFA) and International Federation of Accountants (IFAC).

  Role of the institute
In an interview, the Chief Executive Officer of the ICA-Ghana, Mr Fred N.K Moore, said the institute was mandated by law to regulate the accounting profession in the country, encompassing the teaching, learning and practice of accountancy.

According to him, his outfit is obliged to publish the names of accountants to showcase to the public qualified personnel who can assist and help with issues pertaining to accountancy in the country.

He said the institute was mandated to train professional and competent accountants to steer affairs and help in the rapid economic growth of the country.

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