Prof Kwame Boasiako Omane-Antwi
Accra, March 19. GNA – The Institute of Chartered Accountants Ghana (ICAG) on Thursday inducted 248 accountants into the institution at a ceremony in Accra.
Prof Kwame Boasiako Omane-Antwi, President of ICAG, appealed to the inductees to make integrity their hallmark and reminded them on the need to be honest, transparent and accountable at work and in all their endeavours.
‘We strive to live by our slogan integrity and we expect that you will join us to uphold the tenets of this virtue’, he said.
He also advised them to avoid cutting corners or using sly and subtle tricks and act efficiently and effectively at practising the profession they had chosen.
Prof Omane-Antwi reminded them of the five fundamental principles of the institute’s code of ethics which are integrity, objectivity, professional competence and due care, confidentiality and professional behaviour.
‘Therefore any member who engages in financial malfeasance is disciplined by the Professional Standards and Ethics Committee Council’, he said.
The President also noted that the institute would not shield any member caught in any wrong doing such as corruption.
On issues of ghost names or Payroll Fraud, Prof Omane-Antwi said ‘the mechanism of the fraud is the work of a close-knit syndicate of public officials and as self-evident as it may be, those involved do so only after weighing the expected gains against the expected costs due to their extreme poverty, if caught’.
He asked that Authorities enforced and strengthened laws governing the country to deter culprits.
‘There are seven things that will destroy us: wealth without work, pleasure without conscience, knowledge without character, religion without sacrifice, politics without principle, science without humanity, and business without ethics’.
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