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25.05.2004 General News

ICA students graduate

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Accra, May 25, GNA- The President, Institute of Chartered Accountants, Ghana, on Tuesday urged professional accountants to back their knowledge with Information Technology (IT) skills in order to survive in the competitive information age.

He said the advent of technological advancement, coupled with the use accounting and tax software had eliminated a very significant portion of the profession, and that the traditional role of accountants as financial advisors, designer and implementer of accounting systems are no longer their preserves.

Speaking at the 11th Graduation and Admission Ceremony of students of the Institute of Chartered Accountants (Ghana) in Accra, Mr. John Klinogo however, gave the graduands the assurance that they could maintain their relevance if they had adequate IT knowledge, even though the profession had been invaded by the development of software programmes.

"It is therefore, a necessity to acquire at least, an accounting knowledge and achieve proficiency in word processing, spreadsheet, use of Internet and at least accounting software," he added.

He urged the accountants to perform their professional service with due diligence, competence and with a continuing duty to acquire up-to-date knowledge of the practice and techniques.

Mr. Klinogo asked them to be mindful of their professional ethics so that their conduct would not mar the image of the work.

" You must endeavour to act in a manner consistent with the good reputation of the accountancy profession and refrain from any conduct that might discredit you and the profession," he added.

Mr. Klinogo also urged the accountants to maintain their professional independence and develop enquiring minds, adding, "Do not hesitate to consult if there is any doubt."

Professor Stephen Adei, Director-General, Ghana Institute Management and Public Administration (GIMPA) advised the graduands to be disciplined, put in a lot of sacrifice in their work and avoid corrupt practices. Professor Adei said it was important for them as young accountants to critically plan their lives and invest in profitable ventures. In all, 114 students graduated as Chartered Accountants. Mrs Joyce Nkansah, who swept five of the 10 prizes, was adjudged the outstanding.

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