Managing Director, Nigeria Deposit Insurance Corporation (NDIC), Bello Hassan, has charged professional auditors who are members of the Institute of Chartered Accountants of Nigeria (ICAN) to uphold the core values of accuracy and integrity in order to earn public confidence and respect within the financial services industry.
Hassan said this during a courtesy visit by the ICAN National President who was represented by one of the Council Members, Mrs Sofura Seghosime and Chairman of Abuja District, Mrs Bosede Ikhanoba and other ICAN Executive Members to the NDIC head office in Abuja.
He explained that both the NDIC and Central Bank of Nigeria (CBN) relied on the works of third parties which include external auditors and reporting accountants in the Risk-Based Supervision (RBS) of deposit-taking institutions.
He, therefore, stressed the need for ICAN members to ensure strict compliance to the high standards expected by the institutions in the discharge of their responsibilities.
“We place a lot of reliance on the work of external auditors that audit our banks or rather all deposit-taking financial institutions. We want to see consistency in the way accountants express opinions over audited financial statements.”
Hassan, according to a statement from Director, Communication & Public Affairs at NDIC, Bashir Nuhu pointed out that among the nationā€™s MDAs, the corporation has one of the largest numbers of chartered accountants amongst its workforce.
He, therefore, reiterated the corporationā€™s commitment towards continued collaboration with the institute in enhancing the skill and capacity of members in its employment.
Earlier, the council member in the company of the Abuja District Chairman had said they embarked on the visit on behalf of the instituteā€™s National President, Dame Onome Joy Adewuyi to solicit the collaboration of the NDIC in the Golden Jubilee Annual Conference of ICAN which was already scheduled to hold between April 5 and 9, 2021.
She congratulated Hassan on his recent appointment as NDICā€™s MD/CE, noting that this was a testimony to his vibrancy, hard work and invaluable contributions to the growth of the banking sector for over 30 decades.
YOU SHOULD NOT MISS THESE HEADLINES FROM NIGERIAN TRIBUNE
We Have Not Had Water Supply In Months ā€• Abeokuta Residents
In spite of the huge investment in the water sector by the government and international organisations, water scarcity has grown to become a perennial nightmare for residents of Abeokuta, the Ogun State capital. This report x-rays the lives and experiences of residents in getting clean, potable and affordable water amidst the surge of COVID-19 cases in the state. | ICAN member-auditors on accuracy, integrity | ICAN member-auditors on accuracy, integrity | ICAN member-auditors on accuracy, integrity