The Institute of Chartered Accountants of Nigeria (ICAN) has welcomed 1,785 new members to its institution during its 74th induction ceremony.

ICAN President, Chief Davidson Alaribe, speaking at the event spoke about the important role the inductees will play in making the accounting profession more advanced.

He stated: “My dear inductees, as you join the ranks of our esteemed Institute, you assume a vital role in shaping the future of the accounting profession.”

Alaribe stated that the inductees have been trained and equipped with the skills and knowledge necessary to excel in various areas, which includes financial reporting, taxation, auditing, forensic accounting, corporate finance, and business recovery.

He stated: “Your rigorous training has equipped you with the skills and knowledge to excel in various areas, including financial reporting, taxation, auditing, forensic accounting, corporate finance, and business recovery”.

Alaribe encouraged the new inductees to embrace a lifelong commitment to learning and growth.

He stated: “As we bask in the success of induction, I encourage you all to embrace a lifelong commitment to learning and growth. Be reminded always that the more you learn, the more you grow.

"The professional environment is evolving more rapidly than ever before. This volatile environment, shaped by technological innovation, regulatory shifts, and changing market demands, constantly presents a unique set of challenges for professionals.

"It is therefore vital to adapt, innovate, and stay at the forefront of knowledge to remain relevant in an ever-evolving professional landscape,” he added.

The induction ceremony was held December 4, 2024.