The Institute of Chartered Accountants of Nigeria (ICAN) has called for stronger professional collaboration with the Office of the Auditor-General of Lagos State to strengthen standards in public sector accounting, auditing and financial management.
The call was made during a courtesy visit by executives of the ICAN Lagos State Public Service Chapter and Ifako-Ijaiye and District Society to the Office of the State Auditor-General.
The delegation was led by Suarau Oluwatoyin, FCA, representing the Lagos State Public Service Chapter, and Olofinsawe Phillips Alaba, FCA, representing the Ifako-Ijaiye and District Society.
The Acting State Auditor-General, Dr Olufunke Tayo-Makanjuola, received the delegation and welcomed the engagement, stressing the importance of maintaining a productive relationship between the audit institution and the professional accounting body.
The visit provided an opportunity for both institutions to discuss areas of common professional interest, particularly the role of accounting and auditing standards in promoting accountability, transparency and sound financial management within the public sector.
The ICAN representatives said the engagement was aimed at deepening professional ties with the state audit office and creating greater opportunities for collaboration on issues affecting public sector financial practice.
They emphasised the importance of continuous professional engagement in strengthening accounting and auditing practices and promoting greater accountability in the management of public resources.
A major highlight of the visit was the decoration of Tayo-Makanjuola by the ICAN delegation in recognition of her professional standing and affiliation with the institute.
Both institutions subsequently reaffirmed the importance of sustained engagement between the accounting profession and public audit institutions.
They expressed a shared commitment to promoting professional standards, strengthening financial accountability and supporting sound public sector financial management in Lagos State.
