‘Accountants must adapt to technology, governance changes’

Professionals in the accounting field must remain vigilant and adaptable as technology, new regulations, and changing stakeholder expectations reshape the industry. Dr. Olawale Dopemu, Chairman of the Institute of Chartered Accountants of Nigeria (ICAN) Oluyole and District Society in Ibadan, emphasized this need for continuous learning and proactivity.

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The accounting profession continues to evolve rapidly in response to technological advancement, changing regulations, sustainability reporting, corporate governance reforms, artificial intelligence, and the growing expectations of stakeholders. As professionals, we must remain informed, adaptable, and proactive.

Dopemu spoke at the launch of the district society's inaugural newsletter, "ICAN Oluyole Insight." He highlighted key drivers of change, including technological advancements, sustainability reporting, corporate governance reforms, and the rise of artificial intelligence. The newsletter was created to serve as a dedicated platform for discussing and analyzing these developments, fostering a deeper understanding within the profession.

The publication's name, "ICAN Oluyole Insight," reflects its objective to promote foresight and informed decision-making. Dopemu envisions the newsletter becoming an essential reference for accountants, academics, students, business leaders, and regulators. It aims to provide credible perspectives on a range of topics, from accounting and taxation to finance, governance, and economic development.

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We envision this newsletter becoming a valuable reference for practitioners, academics, students, regulators, business leaders, and other stakeholders who seek credible perspectives on accounting, taxation, auditing, finance, governance, and economic development.

Olaitan Babatunde, a Governing Council member and Patron of the district, underscored the significance of effective communication and knowledge sharing within professional institutions like ICAN. He stated that strong communication builds trust, promotes understanding, and encourages member participation, preventing the spread of rumors and ensuring good initiatives receive due recognition. The Chairman of the District’s Publications and Editorial Committee, Dr. Oluwatosin Adesina, also spoke about the newsletter's objectives.

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When communication is weak, members become disconnected. Rumours may replace facts, assumptions may replace clarity, and even good initiatives may not receive the recognition or support they deserve.